TymeBank vs African Bank

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares TymeBank interest rates to African Bank interest rates. All the interest rates shown are sourced from the TymeBank 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 September 2024.

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

You are more likely to find better interest rates at TymeBank than African Bank. Specifically, 67 out of 100 interest rates are better at TymeBank than African Bank. This means you are more likely to find a better interest rate at African Bank 33% 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
African Bank
9.94%
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 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 TymeBank compare to African Bank across different terms and investment amounts?

3 month fixed deposit interest rates compared

TymeBank vs African Bank

This table shows TymeBank'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 TymeBank1African Bank1 Winner 2
R10,000 for 18+
7.94%
8.42%
-
-12
R10,000 for 55+
7.94%
8.42%
-
-12
R100,000 for 18+
7.94%
8.42%
-
-120
R100,000 for 55+
7.94%
8.42%
-
-120
R250,000 for 18+
7.94%
8.42%
-
-300
R250,000 for 55+
7.94%
8.42%
-
-300
R1,000,000 for 18+
7.94%
8.42%
-
-1,199
R1,000,000 for 55+
7.94%
8.42%
-
-1,199
R5,000,000 for 18+
7.94%
8.42%
-
-5,997
R5,000,000 for 55+
7.94%
8.42%
-
-5,997
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above African Bank.
    A negative amount means that African Bank 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). African Bank's interest rate for the same terms is 8.42%. Over 3 months you will earn R5,997 less in interest at TymeBank compared African Bank.

6 month fixed deposit interest rates compared

TymeBank vs African Bank

This table shows TymeBank'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 TymeBank1African Bank1 Winner 2
R10,000 for 18+
8.83%
8.65%
+
10
R10,000 for 55+
8.83%
8.65%
+
10
R100,000 for 18+
8.83%
8.65%
+
96
R100,000 for 55+
8.83%
8.65%
+
96
R250,000 for 18+
8.83%
8.65%
+
239
R250,000 for 55+
8.83%
8.65%
+
239
R1,000,000 for 18+
8.83%
8.65%
+
957
R1,000,000 for 55+
8.83%
8.65%
+
957
R5,000,000 for 18+
8.83%
8.65%
+
4,787
R5,000,000 for 55+
8.83%
8.65%
+
4,787
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above African Bank.
    A negative amount means that African Bank 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). African Bank's interest rate for the same terms is 8.65%. Over 6 months you will earn R4,787 more in interest at TymeBank compared African Bank.

1 year fixed deposit interest rates compared

TymeBank vs African Bank

This table shows TymeBank'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 TymeBank1African Bank1 Winner 2
R10,000 for 18+
9.57%
9.11%
+
50
R10,000 for 55+
9.57%
9.11%
+
50
R100,000 for 18+
9.57%
9.11%
+
500
R100,000 for 55+
9.57%
9.11%
+
500
R250,000 for 18+
9.57%
9.11%
+
1,250
R250,000 for 55+
9.57%
9.11%
+
1,250
R1,000,000 for 18+
9.57%
9.11%
+
5,000
R1,000,000 for 55+
9.57%
9.11%
+
5,000
R5,000,000 for 18+
9.57%
9.11%
+
25,000
R5,000,000 for 55+
9.57%
9.11%
+
25,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above African Bank.
    A negative amount means that African Bank 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). African Bank's interest rate for the same terms is 9.11%. Over 12 months you will earn R25,000 more in interest at TymeBank compared African Bank.

How do TymeBank interest rates compare to other banks?