African Bank Power Pocket Review for March 2026
Introduction
The African Bank Power Pocket is a savings account offered by African Bank. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by African Bank Power Pocket and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by African Bank Power Pocket compare to other banks.
African Bank Power Pocket highlights
last updated 1st March 2026 by Walter
- The African Bank MyWorld offers interest rates 1.00% and accepts investments from R1
- The African Bank Savings Pocket offers interest rates 5.50% and accepts investments from R1
African Bank Power Pocket
This table shows African Bank Power Pocket's interest rates for a R10,000, R20,000, R100,000, R1,000,000 and R5,000,000 investment in African Bank Power Pocket versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 | 1.00% #22 out of 24 | 4.83% | - R 383 |
| R20,000 | 1.00% #23 out of 25 | 4.88% | - R 775 |
| R100,000 | 1.00% #29 out of 31 | 5.50% | - R 4,502 |
| R1,000,000 | 1.00% #26 out of 28 | 5.45% | - R 44,536 |
| R5,000,000 | 1.00% #26 out of 28 | 5.49% | - R 224,732 |
- 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than African Bank Power Pocket.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 0+ | 1.00% | 4.83% | - -383 |
| R20,000 for 0+ | 1.00% | 4.88% | - -775 |
| R100,000 for 0+ | 1.00% | 5.50% | - -4,502 |
| R1,000,000 for 0+ | 1.00% | 5.45% | - -44,536 |
| R5,000,000 for 0+ | 1.00% | 5.49% | - -224,732 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than African Bank Power Pocket.
You get a 1% interest rate at African Bank Power Pocket for a R5,000,000 investment. The industry average for a savings account with a balance of R5,000,000 is 5.49%. Over one year you will earn R224,732 less in interest at African Bank Power Pocket compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R0 - R10,000
| Account | Min Deposit | Rate |
|---|---|---|
| African Bank MyWorld | R1 | 1.00% |
| Discovery Bank Transaction Account | R1 | 0.10% |
| Discovery Vitality Savings Account | R1 | 4.25% |
| Discovery Demand Savings Account | R10,000 | 4.25% |
| Standard Bank PureSave | R0 | 4.25% |