Standard Bank vs African Bank

Interest rates compared

Last updated 1st July 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 4th July 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
8.16%
best rate
African Bank
9.94%
best rate

The best interest rate you can get at Standard Bank is 8.16% 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 R1,000,000 .

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
R100,000 for 18+
7.04%
7.35%
-
-78
R100,000 for 55+
7.04%
7.35%
-
-78
R250,000 for 18+
7.04%
7.54%
-
-320
R250,000 for 55+
7.04%
7.54%
-
-320
R1,000,000 for 18+
7.13%
7.73%
-
-1,514
R1,000,000 for 55+
7.13%
7.73%
-
-1,514
R5,000,000 for 18+
7.21%
7.73%
-
-6,620
R5,000,000 for 55+
7.21%
7.73%
-
-6,620
  • 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 7.21% 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 R6,620 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
R100,000 for 18+
7.05%
7.82%
-
-400
R100,000 for 55+
7.05%
7.82%
-
-400
R250,000 for 18+
7.05%
7.91%
-
-1,108
R250,000 for 55+
7.05%
7.91%
-
-1,108
R1,000,000 for 18+
7.14%
7.91%
-
-3,949
R1,000,000 for 55+
7.14%
7.91%
-
-3,949
R5,000,000 for 18+
7.22%
7.91%
-
-17,816
R5,000,000 for 55+
7.22%
7.91%
-
-17,816
  • 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 7.22% 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 7.91%. Over 6 months you will earn R17,816 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
R100,000 for 18+
7.20%
8.19%
-
-1,060
R100,000 for 55+
7.20%
8.19%
-
-1,060
R250,000 for 18+
7.20%
8.28%
-
-2,900
R250,000 for 55+
7.20%
8.28%
-
-2,900
R1,000,000 for 18+
7.30%
8.38%
-
-11,600
R1,000,000 for 55+
7.30%
8.38%
-
-11,600
R5,000,000 for 18+
7.38%
8.38%
-
-54,000
R5,000,000 for 55+
7.38%
8.38%
-
-54,000
  • 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 7.38% 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 8.38%. Over 12 months you will earn R54,000 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
R100,000 for 18+
7.55%
8.33%
-
-1,818
R100,000 for 55+
7.55%
8.33%
-
-1,818
R250,000 for 18+
7.55%
8.47%
-
-5,362
R250,000 for 55+
7.55%
8.47%
-
-5,362
R1,000,000 for 18+
7.55%
8.65%
-
-25,585
R1,000,000 for 55+
7.55%
8.65%
-
-25,585
R5,000,000 for 18+
7.55%
8.65%
-
-127,924
R5,000,000 for 55+
7.55%
8.65%
-
-127,924
  • 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 7.55% 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 R127,924 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
R100,000 for 18+
7.65%
8.61%
-
-3,669
R100,000 for 55+
7.65%
8.61%
-
-3,669
R250,000 for 18+
7.65%
8.75%
-
-10,510
R250,000 for 55+
7.65%
8.75%
-
-10,510
R1,000,000 for 18+
7.65%
8.75%
-
-42,039
R1,000,000 for 55+
7.65%
8.75%
-
-42,039
R5,000,000 for 18+
7.65%
8.75%
-
-210,195
R5,000,000 for 55+
7.65%
8.75%
-
-210,195
  • 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 7.65% 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 R210,195 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
R100,000 for 18+
8.12%
9.34%
-
-9,348
R100,000 for 55+
8.12%
9.34%
-
-9,348
R250,000 for 18+
8.12%
9.57%
-
-27,924
R250,000 for 55+
8.12%
9.57%
-
-27,924
R1,000,000 for 18+
8.12%
9.94%
-
-141,936
R1,000,000 for 55+
8.12%
9.94%
-
-141,936
R5,000,000 for 18+
8.12%
9.94%
-
-709,681
R5,000,000 for 55+
8.12%
9.94%
-
-709,681
  • 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 8.12% 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 R709,681 less in interest at Standard Bank compared African Bank.