African Bank
5 followers

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 2.68% higher than the average 10.27%. Also it is -5.1 % lower than the highest rate. 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 12.95% is 2.68% higher than the average 10.27%. Also it is -5.1 % lower than the highest rate . Updated May, 2018

on African Bank's secure website

Type Fixed
Rate 12.95%
Currency ZAR

Compare African Bank Deposit rates

Account Name Rate
African Bank 2 Year Term Deposit 9.46%
African Bank 1 Year Term Deposit 8.78%
African Bank 6 Month Term Deposit 7.97%

Compare 5 year rates in South Africa

Account Name Rate
FNB 5 Year Fixed Deposit 7.85%
ABSA 5 Year Islamic Term Deposit 10.01%

African Bank Discussion

  • 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

    Reply Luc from Germiston, South Africa
  • Q: I have assets in S.A but I do not have S.A ID How can I obtain a S.A. savings account?

    Reply Mervyn from Walsall, United Kingdom
  • Q: what is the minimum to invest

    Reply Nndwamato Freddy n from South Africa
  • 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?

    Reply Kwintin from Perth, Australia
    • R: R1068000 correct one( (1000000x13.7%)/12) x 5

      Reply Wynand
    • R: R168000

      Reply WYNAND
    • R: R68000

      Reply Wynand
    • 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

      Reply 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

    Reply Deon from Perth, Australia
    • R: Hi Deon we are also from perth and might go back.why are you going back

      Reply Kwintin
  • Q: Is the interest rate compound?

    Reply Thabang from South Africa
  • Q: Can I negotiate rates if I put large amount of money on fixed deposit

    Reply victor from Johannesburg, South Africa
  • Q: If i invest a lumpsum,can the interest pays another investment installment

    Reply Dries from Bloemfontein, South Africa
  • Q: Any risks takin investment with african bank

    Reply Floyd from Pretoria, South Africa
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