Standard Bank vs African Bank

Interest rates compared

Last updated 1st November 2024 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 1st November 2024.

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
8.85%
best rate
African Bank
9.94%
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 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+
6.93%
8.19%
-
-32
R10,000 for 55+
7.43%
8.19%
-
-19
R100,000 for 18+
7.61%
8.19%
-
-146
R100,000 for 55+
7.61%
8.19%
-
-146
R250,000 for 18+
7.61%
8.19%
-
-365
R250,000 for 55+
7.61%
8.19%
-
-365
R1,000,000 for 18+
7.71%
8.19%
-
-1,201
R1,000,000 for 55+
7.71%
8.19%
-
-1,201
R5,000,000 for 18+
7.78%
8.19%
-
-5,181
R5,000,000 for 55+
7.78%
8.19%
-
-5,181
  • 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 7.78% 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 8.19%. Over 3 months you will earn R5,181 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+
7.19%
8.42%
-
-63
R10,000 for 55+
7.69%
8.42%
-
-37
R100,000 for 18+
7.74%
8.42%
-
-351
R100,000 for 55+
7.74%
8.42%
-
-351
R250,000 for 18+
7.74%
8.42%
-
-876
R250,000 for 55+
7.74%
8.42%
-
-876
R1,000,000 for 18+
7.84%
8.42%
-
-2,977
R1,000,000 for 55+
7.84%
8.42%
-
-2,977
R5,000,000 for 18+
7.91%
8.42%
-
-13,202
R5,000,000 for 55+
7.91%
8.42%
-
-13,202
  • 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 7.91% 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 8.42%. Over 6 months you will earn R13,202 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+
7.18%
8.88%
-
-183
R10,000 for 55+
7.68%
8.88%
-
-129
R100,000 for 18+
7.88%
8.88%
-
-1,080
R100,000 for 55+
7.88%
8.88%
-
-1,080
R250,000 for 18+
7.88%
8.88%
-
-2,700
R250,000 for 55+
7.88%
8.88%
-
-2,700
R1,000,000 for 18+
7.98%
8.88%
-
-9,700
R1,000,000 for 55+
7.98%
8.88%
-
-9,700
R5,000,000 for 18+
8.05%
8.88%
-
-45,000
R5,000,000 for 55+
8.05%
8.88%
-
-45,000
  • 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 8.05% 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 8.88%. Over 12 months you will earn R45,000 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+
7.39%
9.11%
-
-402
R10,000 for 55+
7.89%
9.11%
-
-287
R100,000 for 18+
8.26%
9.11%
-
-2,006
R100,000 for 55+
8.26%
9.11%
-
-2,006
R250,000 for 18+
8.26%
9.11%
-
-5,016
R250,000 for 55+
8.26%
9.11%
-
-5,016
R1,000,000 for 18+
8.26%
9.11%
-
-20,063
R1,000,000 for 55+
8.26%
9.11%
-
-20,063
R5,000,000 for 18+
8.26%
9.11%
-
-100,317
R5,000,000 for 55+
8.26%
9.11%
-
-100,317
  • 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 8.26% 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 9.11%. Over 2 years you will earn R100,317 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+
7.66%
9.21%
-
-596
R10,000 for 55+
8.16%
9.21%
-
-407
R100,000 for 18+
8.13%
9.21%
-
-4,172
R100,000 for 55+
8.13%
9.21%
-
-4,172
R250,000 for 18+
8.13%
9.21%
-
-10,430
R250,000 for 55+
8.13%
9.21%
-
-10,430
R1,000,000 for 18+
8.13%
9.21%
-
-41,722
R1,000,000 for 55+
8.13%
9.21%
-
-41,722
R5,000,000 for 18+
8.13%
9.21%
-
-208,609
R5,000,000 for 55+
8.13%
9.21%
-
-208,609
  • 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 8.13% 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 9.21%. Over 3 years you will earn R208,609 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+
7.86%
9.94%
-
-1,612
R10,000 for 55+
8.36%
9.94%
-
-1,239
R100,000 for 18+
8.85%
9.94%
-
-8,653
R100,000 for 55+
8.85%
9.94%
-
-8,653
R250,000 for 18+
8.85%
9.94%
-
-21,634
R250,000 for 55+
8.85%
9.94%
-
-21,634
R1,000,000 for 18+
8.85%
9.94%
-
-86,534
R1,000,000 for 55+
8.85%
9.94%
-
-86,534
R5,000,000 for 18+
8.85%
9.94%
-
-432,672
R5,000,000 for 55+
8.85%
9.94%
-
-432,672
  • 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 8.85% 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 R432,672 less in interest at Standard Bank compared African Bank.