African Bank
7 followers

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

on African Bank's secure website

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

on African Bank's secure website

Type Fixed
Rate 9.46%
Currency ZAR

Compare African Bank Deposit rates

Account Name Rate
African Bank 1 Year Term Deposit 8.78%
African Bank 6 Month Term Deposit 7.97%
African Bank 3 Month Term Deposit 7.29%

Compare 2 year rates in South Africa

Account Name Rate
Mercantile Bank South Africa 2 Year Term Deposit 8.25%
ABSA 2 Year Prime Linked Term Deposit 7.35%

African Bank Discussion

  • Q: on a term deposit is interest paid out monthly or on expiry

    Reply naresh from Johannesburg, South Africa
  • 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?

    Reply Cindy from South Africa
    • R: That is the annual interest rate.You will get R418 per month interest

      Reply Deon
  • 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

    Reply Nick from South Africa
  • 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

    Reply Thandokwakhe from Ladysmith, South Africa