African Bank Savings Pocket Review for March 2026
Introduction
The African Bank Savings 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 Savings 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 Savings Pocket compare to other banks.
African Bank Savings 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 Power Pocket offers interest rates 1.00% and accepts investments from R1
African Bank Savings Pocket
This table shows African Bank Savings Pocket's interest rates for a R10,000, R20,000, R100,000, R1,000,000 and R5,000,000 investment in African Bank Savings Pocket versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 | 5.50% #10 out of 24 | 4.83% | + R 67 |
| R20,000 | 5.50% #10 out of 25 | 4.88% | + R 125 |
| R100,000 | 5.50% #22 out of 31 | 5.50% | - R 2 |
| R1,000,000 | 5.50% #21 out of 28 | 5.45% | + R 464 |
| R5,000,000 | 5.50% #21 out of 28 | 5.49% | + R 268 |
- 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 Savings Pocket.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 0+ | 5.50% | 4.83% | + 67 |
| R20,000 for 0+ | 5.50% | 4.88% | + 125 |
| R100,000 for 0+ | 5.50% | 5.50% | - -2 |
| R1,000,000 for 0+ | 5.50% | 5.45% | + 464 |
| R5,000,000 for 0+ | 5.50% | 5.49% | + 268 |
- 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 Savings Pocket.
You get a 5.5% interest rate at African Bank Savings 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 R268 more in interest at African Bank Savings Pocket compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R0 - R250,000
| Account | Min Deposit | Rate |
|---|---|---|
| Access Bank Savings | R1 | 6.00% |
| Access Bank Call | R1 | 6.00% |
| BankZero Savings | R1 | 6.25% |
| Bidvest Bank Call Account | R1,000 | 6.15% |
| Capitec Savings | R0 | 5.75% |
| FNB Savings Account | R1 | 6.00% |
| Investec MoneyFund Tracker | R250,000 | 6.27% |
| Investec Call Deposits | R100,000 | 6.15% |
| Nedbank JustSave | R1 | 5.75% |
| Standard Bank SaveUp | R0 | 6.30% |
| Standard Bank MoneyMarket Call Account | R20,000 | 5.55% |
| TymeBank GoalSave | R1 | 6.00% |