African Bank
12 followers
African Bank 2 Year Term Deposit
| Type | Fixed |
| Rate | 9.46% |
| Currency | ZAR |
Rate indicated is quoted on a per annum basis and is the interest payout on expiry.
The rate of 9.46% is 1.11% higher than the average 8.35%. Also it is the highest rate for this term period 9.46 Updated May, 2018
Type
Fixed
Rate
9.46%
Currency
ZAR
Q: on a term deposit is interest paid out monthly or on expiry
Q: I want to invest R50 000 for three years. I want a monthly payout. Do I get a 10.05% intrest rate each month meaning I receive R5 250 each month?
R: That is the annual interest rate.You will get R418 per month interest
Q: I'm interested in a 2 year term fixed deposit and would like to know what the offered rate is, whether the account could be opened online as I'm some distance away from your bank and whether the invested amount as well as the interest rate is guaranteed by the bank. Kind regards
Q: Hi, I am interested on an African bank 1year term deposit, I am trying to access the information online but the app does not open/there is no detailed information, I would like you to advise me, on the plan mentioned above. your help will be highly appreciated. Thank you in advance