Standard Bank vs Access Bank Plc

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to Access Bank Plc interest rates. All the interest rates shown are sourced from the Standard Bank and Access Bank Plc websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st November 2024.

How do Standard Bank fixed deposit interest rates compare to Access Bank Plc ?

You are more likely to find better interest rates at Access Bank Plc than Standard Bank. Specifically, 0 out of 100 interest rates are better at Standard Bank than Access Bank Plc. This means you are more likely to find a better interest rate at Access Bank Plc 100% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

Standard Bank
8.85%
best rate
Access Bank Plc
9.67%
best rate

The best interest rate you can get at Standard Bank is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 . Whilst at Access Bank Plc, the best interest rate you can get is 9.67% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

But how do interest rates at Standard Bank compare to Access Bank Plc across different terms and investment amounts?

3 month fixed deposit interest rates compared

Standard Bank vs Access Bank Plc

This table shows Standard Bank's and Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount Standard Bank1Access Bank Plc1 Winner 2
R10,000 for 18+
6.93%
8.21%
-
-33
R10,000 for 55+
7.43%
8.21%
-
-20
R100,000 for 18+
7.61%
8.21%
-
-153
R100,000 for 55+
7.61%
8.21%
-
-153
R250,000 for 18+
7.61%
8.21%
-
-383
R250,000 for 55+
7.61%
8.21%
-
-383
R1,000,000 for 18+
7.71%
8.21%
-
-1,272
R1,000,000 for 55+
7.71%
8.21%
-
-1,272
R5,000,000 for 18+
7.78%
8.21%
-
-5,534
R5,000,000 for 55+
7.78%
8.21%
-
-5,534
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc offers more than Standard Bank.
How to read this table?

You get a 7.78% interest rate at Standard Bank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). Access Bank Plc's interest rate for the same terms is 8.21%. Over 3 months you will earn R5,534 less in interest at Standard Bank compared Access Bank Plc.

6 month fixed deposit interest rates compared

Standard Bank vs Access Bank Plc

This table shows Standard Bank's and Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount Standard Bank1Access Bank Plc1 Winner 2
R10,000 for 18+
7.19%
8.54%
-
-70
R10,000 for 55+
7.69%
8.54%
-
-44
R100,000 for 18+
7.74%
8.54%
-
-413
R100,000 for 55+
7.74%
8.54%
-
-413
R250,000 for 18+
7.74%
8.54%
-
-1,032
R250,000 for 55+
7.74%
8.54%
-
-1,032
R1,000,000 for 18+
7.84%
8.54%
-
-3,600
R1,000,000 for 55+
7.84%
8.54%
-
-3,600
R5,000,000 for 18+
7.91%
8.54%
-
-16,318
R5,000,000 for 55+
7.91%
8.54%
-
-16,318
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc offers more than Standard Bank.
How to read this table?

You get a 7.91% interest rate at Standard Bank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Access Bank Plc's interest rate for the same terms is 8.54%. Over 6 months you will earn R16,318 less in interest at Standard Bank compared Access Bank Plc.

1 year fixed deposit interest rates compared

Standard Bank vs Access Bank Plc

This table shows Standard Bank's and Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount Standard Bank1Access Bank Plc1 Winner 2
R10,000 for 18+
7.18%
8.98%
-
-194
R10,000 for 55+
7.68%
8.98%
-
-140
R100,000 for 18+
7.88%
8.98%
-
-1,190
R100,000 for 55+
7.88%
8.98%
-
-1,190
R250,000 for 18+
7.88%
8.98%
-
-2,975
R250,000 for 55+
7.88%
8.98%
-
-2,975
R1,000,000 for 18+
7.98%
8.98%
-
-10,800
R1,000,000 for 55+
7.98%
8.98%
-
-10,800
R5,000,000 for 18+
8.05%
8.98%
-
-50,500
R5,000,000 for 55+
8.05%
8.98%
-
-50,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc offers more than Standard Bank.
How to read this table?

You get a 8.05% interest rate at Standard Bank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Access Bank Plc's interest rate for the same terms is 8.98%. Over 12 months you will earn R50,500 less in interest at Standard Bank compared Access Bank Plc.

2 year fixed deposit interest rates compared

Standard Bank vs Access Bank Plc

This table shows Standard Bank's and Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount Standard Bank1Access Bank Plc1 Winner 2
R10,000 for 18+
7.39%
9.12%
-
-404
R10,000 for 55+
7.89%
9.12%
-
-290
R100,000 for 18+
8.26%
9.12%
-
-2,028
R100,000 for 55+
8.26%
9.12%
-
-2,028
R250,000 for 18+
8.26%
9.12%
-
-5,071
R250,000 for 55+
8.26%
9.12%
-
-5,071
R1,000,000 for 18+
8.26%
9.12%
-
-20,282
R1,000,000 for 55+
8.26%
9.12%
-
-20,282
R5,000,000 for 18+
8.26%
9.12%
-
-101,412
R5,000,000 for 55+
8.26%
9.12%
-
-101,412
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc offers more than Standard Bank.
How to read this table?

You get a 8.26% interest rate at Standard Bank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Access Bank Plc's interest rate for the same terms is 9.12%. Over 2 years you will earn R101,412 less in interest at Standard Bank compared Access Bank Plc.

3 year fixed deposit interest rates compared

Standard Bank vs Access Bank Plc

This table shows Standard Bank's and Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount Standard Bank1Access Bank Plc1 Winner 2
R10,000 for 18+
7.66%
9.26%
-
-614
R10,000 for 55+
8.16%
9.26%
-
-425
R100,000 for 18+
8.13%
9.26%
-
-4,352
R100,000 for 55+
8.13%
9.26%
-
-4,352
R250,000 for 18+
8.13%
9.26%
-
-10,881
R250,000 for 55+
8.13%
9.26%
-
-10,881
R1,000,000 for 18+
8.13%
9.26%
-
-43,525
R1,000,000 for 55+
8.13%
9.26%
-
-43,525
R5,000,000 for 18+
8.13%
9.26%
-
-217,624
R5,000,000 for 55+
8.13%
9.26%
-
-217,624
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc offers more than Standard Bank.
How to read this table?

You get a 8.13% interest rate at Standard Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Access Bank Plc's interest rate for the same terms is 9.26%. Over 3 years you will earn R217,624 less in interest at Standard Bank compared Access Bank Plc.

5 year fixed deposit interest rates compared

Standard Bank vs Access Bank Plc

This table shows Standard Bank's and Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Standard Bank1Access Bank Plc1 Winner 2
R10,000 for 18+
7.86%
9.67%
-
-1,390
R10,000 for 55+
8.36%
9.67%
-
-1,017
R100,000 for 18+
8.85%
9.67%
-
-6,436
R100,000 for 55+
8.85%
9.67%
-
-6,436
R250,000 for 18+
8.85%
9.67%
-
-16,091
R250,000 for 55+
8.85%
9.67%
-
-16,091
R1,000,000 for 18+
8.85%
9.67%
-
-64,365
R1,000,000 for 55+
8.85%
9.67%
-
-64,365
R5,000,000 for 18+
8.85%
9.67%
-
-321,823
R5,000,000 for 55+
8.85%
9.67%
-
-321,823
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc offers more than Standard Bank.
How to read this table?

You get a 8.85% interest rate at Standard Bank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Access Bank Plc's interest rate for the same terms is 9.67%. Over 5 years you will earn R321,823 less in interest at Standard Bank compared Access Bank Plc.