African Bank
12 followers
African Bank 5 Year Term Deposit
| Type | Fixed |
| Rate | 12.95% |
| Currency | ZAR |
Rate indicated is quoted on a per annum basis and is the interest payout on expiry.
The rate of 12.95% is 3.43% higher than the average 9.52%. Also it is -5.15 % lower than the highest rate 7.80 Updated May, 2018
Type
Fixed
Rate
12.95%
Currency
ZAR
Q: I am an Indian citizen living in South Africa on relative visa. Can I open a fixed deposit account in your bank. Thanks. Smita Kumar
Q: Is the Interest & Principle Guarranted?
Q: Good day, Wish to establish if the 13.73 % rate on a 5 -year fixed deposit is still applicable at present? If i were to deposit R500,000 rand what would be te approximate returns after 5 years? What is the minimum amount required to deposit to earn this rate? Kind regards, Luc
Q: I have assets in S.A but I do not have S.A ID How can I obtain a S.A. savings account?
Q: what is the minimum to invest
Q: Hi just want to find out if we deposit 1 000 000 in the 5 year fixed account how much will it be after 5 years?
R: R1068000 correct one( (1000000x13.7%)/12) x 5
R: R168000
R: R68000
R: The above refers to compound interest. If this deal only pays simple interest then: R1 000 000 now is worth R1 660 000, calculated as: FV = CV*(1+(Rate*Time)) (eg. 0.1331*5 in the example) Regards Ian
Q: We are SA citizens returning to SA at the end of 2016, and hope to be able to put aside R 500 000 and the 5 yr term deposit at 13.25% paid at the end of the 5 years. Is the interest compounded annually? As an indicative number what interest would be earned on R 500 000 in total over the 5 yr term? Regards Deon
R: Hi Deon we are also from perth and might go back.why are you going back
Q: Is the interest rate compound?
Q: Can I negotiate rates if I put large amount of money on fixed deposit
Q: If i invest a lumpsum,can the interest pays another investment installment
Q: Any risks takin investment with african bank