TymeBank vs Absa

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares TymeBank interest rates to Absa interest rates. All the interest rates shown are sourced from the TymeBank and Absa websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd September 2024.

How do TymeBank fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at TymeBank than Absa. Specifically, 83 out of 100 interest rates are better at TymeBank than Absa. This means you are more likely to find a better interest rate at Absa 17% 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)

TymeBank
9.57%
best rate
Absa
9.20%
best rate

The best interest rate you can get at TymeBank is 9.57% for the 12-month fixed deposit. You will need a minimum deposit of R1 . Whilst at Absa, the best interest rate you can get is 9.2% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55.

But how do interest rates at TymeBank compare to Absa across different terms and investment amounts?

3 month fixed deposit interest rates compared

TymeBank vs Absa

This table shows TymeBank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount TymeBank1Absa1 Winner 2
R10,000 for 18+
7.94%
7.85%
+
2
R10,000 for 55+
7.94%
8.10%
-
-4
R100,000 for 18+
7.94%
7.85%
+
24
R100,000 for 55+
7.94%
8.10%
-
-40
R250,000 for 18+
7.94%
7.85%
+
59
R250,000 for 55+
7.94%
8.10%
-
-100
R1,000,000 for 18+
7.94%
7.85%
+
236
R1,000,000 for 55+
7.94%
8.10%
-
-400
R5,000,000 for 18+
7.94%
7.85%
+
1,178
R5,000,000 for 55+
7.94%
8.10%
-
-2,001
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above Absa.
    A negative amount means that Absa offers more than TymeBank.
How to read this table?

You get a 7.94% interest rate at TymeBank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.10%. Over 3 months you will earn R2,001 less in interest at TymeBank compared Absa.

6 month fixed deposit interest rates compared

TymeBank vs Absa

This table shows TymeBank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount TymeBank1Absa1 Winner 2
R10,000 for 18+
8.83%
8.40%
+
23
R10,000 for 55+
8.83%
8.45%
+
20
R100,000 for 18+
8.83%
8.40%
+
225
R100,000 for 55+
8.83%
8.45%
+
196
R250,000 for 18+
8.83%
8.40%
+
563
R250,000 for 55+
8.83%
8.45%
+
491
R1,000,000 for 18+
8.83%
8.40%
+
2,251
R1,000,000 for 55+
8.83%
8.45%
+
1,964
R5,000,000 for 18+
8.83%
8.40%
+
11,256
R5,000,000 for 55+
8.83%
8.45%
+
9,818
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above Absa.
    A negative amount means that Absa offers more than TymeBank.
How to read this table?

You get a 8.83% interest rate at TymeBank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.45%. Over 6 months you will earn R9,818 more in interest at TymeBank compared Absa.

1 year fixed deposit interest rates compared

TymeBank vs Absa

This table shows TymeBank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount TymeBank1Absa1 Winner 2
R10,000 for 18+
9.57%
8.95%
+
67
R10,000 for 55+
9.57%
9.20%
+
40
R100,000 for 18+
9.57%
8.95%
+
670
R100,000 for 55+
9.57%
9.20%
+
400
R250,000 for 18+
9.57%
8.95%
+
1,675
R250,000 for 55+
9.57%
9.20%
+
1,000
R1,000,000 for 18+
9.57%
8.95%
+
6,700
R1,000,000 for 55+
9.57%
9.20%
+
4,000
R5,000,000 for 18+
9.57%
8.95%
+
33,500
R5,000,000 for 55+
9.57%
9.20%
+
20,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above Absa.
    A negative amount means that Absa offers more than TymeBank.
How to read this table?

You get a 9.57% interest rate at TymeBank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 9.20%. Over 12 months you will earn R20,000 more in interest at TymeBank compared Absa.

How do TymeBank interest rates compare to other banks?