Standard Bank vs African Bank

Interest rates compared

Last updated 2nd March 2025 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to African Bank interest rates. All the interest rates shown are sourced from the Standard Bank and African Bank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd March 2025.

How do Standard Bank fixed deposit interest rates compare to African Bank ?

You are more likely to find better interest rates at African Bank than Standard Bank. Specifically, 0 out of 100 interest rates are better at Standard Bank than African Bank. This means you are more likely to find a better interest rate at African Bank 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
8.69%
best rate
African Bank
9.94%
best rate

The best interest rate you can get at Standard Bank is 8.69% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at African Bank, the best interest rate you can get is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

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

3 month fixed deposit interest rates compared

Standard Bank vs African Bank

This table shows Standard Bank's and African Bank'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 Bank1African Bank1 Winner 2
R10,000 for 18+
6.74%
7.73%
-
-25
R10,000 for 55+
7.24%
7.73%
-
-12
R100,000 for 18+
7.34%
7.73%
-
-99
R100,000 for 55+
7.34%
7.73%
-
-99
R250,000 for 18+
7.34%
7.73%
-
-248
R250,000 for 55+
7.34%
7.73%
-
-248
R1,000,000 for 18+
7.43%
7.73%
-
-756
R1,000,000 for 55+
7.43%
7.73%
-
-756
R5,000,000 for 18+
7.51%
7.73%
-
-2,834
R5,000,000 for 55+
7.51%
7.73%
-
-2,834
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above African Bank.
    A negative amount means that African Bank offers more than Standard Bank.
How to read this table?

You get a 7.51% interest rate at Standard Bank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.73%. Over 3 months you will earn R2,834 less in interest at Standard Bank compared African Bank.

6 month fixed deposit interest rates compared

Standard Bank vs African Bank

This table shows Standard Bank's and African Bank'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 Bank1African Bank1 Winner 2
R10,000 for 18+
6.84%
7.96%
-
-58
R10,000 for 55+
7.34%
7.96%
-
-32
R100,000 for 18+
7.43%
7.96%
-
-274
R100,000 for 55+
7.43%
7.96%
-
-274
R250,000 for 18+
7.43%
7.96%
-
-686
R250,000 for 55+
7.43%
7.96%
-
-686
R1,000,000 for 18+
7.53%
7.96%
-
-2,213
R1,000,000 for 55+
7.53%
7.96%
-
-2,213
R5,000,000 for 18+
7.61%
7.96%
-
-9,138
R5,000,000 for 55+
7.61%
7.96%
-
-9,138
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above African Bank.
    A negative amount means that African Bank offers more than Standard Bank.
How to read this table?

You get a 7.61% interest rate at Standard Bank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.96%. Over 6 months you will earn R9,138 less in interest at Standard Bank compared African Bank.

1 year fixed deposit interest rates compared

Standard Bank vs African Bank

This table shows Standard Bank's and African Bank'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 Bank1African Bank1 Winner 2
R10,000 for 18+
7.10%
8.42%
-
-141
R10,000 for 55+
7.60%
8.42%
-
-88
R100,000 for 18+
7.66%
8.42%
-
-810
R100,000 for 55+
7.66%
8.42%
-
-810
R250,000 for 18+
7.66%
8.42%
-
-2,025
R250,000 for 55+
7.66%
8.42%
-
-2,025
R1,000,000 for 18+
7.77%
8.42%
-
-7,000
R1,000,000 for 55+
7.77%
8.42%
-
-7,000
R5,000,000 for 18+
7.83%
8.42%
-
-31,500
R5,000,000 for 55+
7.83%
8.42%
-
-31,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above African Bank.
    A negative amount means that African Bank offers more than Standard Bank.
How to read this table?

You get a 7.83% interest rate at Standard Bank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.42%. Over 12 months you will earn R31,500 less in interest at Standard Bank compared African Bank.

2 year fixed deposit interest rates compared

Standard Bank vs African Bank

This table shows Standard Bank's and African Bank'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 Bank1African Bank1 Winner 2
R10,000 for 18+
7.55%
8.65%
-
-256
R10,000 for 55+
8.05%
8.65%
-
-141
R100,000 for 18+
8.06%
8.65%
-
-1,391
R100,000 for 55+
8.06%
8.65%
-
-1,391
R250,000 for 18+
8.06%
8.65%
-
-3,478
R250,000 for 55+
8.06%
8.65%
-
-3,478
R1,000,000 for 18+
8.06%
8.65%
-
-13,911
R1,000,000 for 55+
8.06%
8.65%
-
-13,911
R5,000,000 for 18+
8.06%
8.65%
-
-69,555
R5,000,000 for 55+
8.06%
8.65%
-
-69,555
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above African Bank.
    A negative amount means that African Bank offers more than Standard Bank.
How to read this table?

You get a 8.06% interest rate at Standard Bank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.65%. Over 2 years you will earn R69,555 less in interest at Standard Bank compared African Bank.

3 year fixed deposit interest rates compared

Standard Bank vs African Bank

This table shows Standard Bank's and African Bank'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 Bank1African Bank1 Winner 2
R10,000 for 18+
7.67%
8.75%
-
-410
R10,000 for 55+
8.17%
8.75%
-
-224
R100,000 for 18+
8.16%
8.75%
-
-2,272
R100,000 for 55+
8.16%
8.75%
-
-2,272
R250,000 for 18+
8.16%
8.75%
-
-5,681
R250,000 for 55+
8.16%
8.75%
-
-5,681
R1,000,000 for 18+
8.16%
8.75%
-
-22,724
R1,000,000 for 55+
8.16%
8.75%
-
-22,724
R5,000,000 for 18+
8.16%
8.75%
-
-113,619
R5,000,000 for 55+
8.16%
8.75%
-
-113,619
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above African Bank.
    A negative amount means that African Bank offers more than Standard Bank.
How to read this table?

You get a 8.16% interest rate at Standard Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.75%. Over 3 years you will earn R113,619 less in interest at Standard Bank compared African Bank.

5 year fixed deposit interest rates compared

Standard Bank vs African Bank

This table shows Standard Bank's and African Bank'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 Bank1African Bank1 Winner 2
R10,000 for 18+
8.19%
9.94%
-
-1,371
R10,000 for 55+
8.69%
9.94%
-
-993
R100,000 for 18+
8.69%
9.94%
-
-9,930
R100,000 for 55+
8.69%
9.94%
-
-9,930
R250,000 for 18+
8.69%
9.94%
-
-24,825
R250,000 for 55+
8.69%
9.94%
-
-24,825
R1,000,000 for 18+
8.69%
9.94%
-
-99,299
R1,000,000 for 55+
8.69%
9.94%
-
-99,299
R5,000,000 for 18+
8.69%
9.94%
-
-496,497
R5,000,000 for 55+
8.69%
9.94%
-
-496,497
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above African Bank.
    A negative amount means that African Bank offers more than Standard Bank.
How to read this table?

You get a 8.69% interest rate at Standard Bank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 9.94%. Over 5 years you will earn R496,497 less in interest at Standard Bank compared African Bank.