African Bank
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African Bank 6 Month Term Deposit


Type Fixed
Rate 7.97%
Currency ZAR

Rate indicated is quoted on a per annum basis and is the interest payout on expiry.


The rate of 7.97% is 1.13% higher than the average 6.84%. Also it is the highest rate for this term period 7.97 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 7.97% is 1.13% higher than the average 6.84%. Also it is the highest rate for this term period 7.97 Updated May, 2018

on African Bank's secure website

Type Fixed
Rate 7.97%
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 3 Month Term Deposit 7.29%

Compare 6 month rates in South Africa

Account Name Rate
Investec 6 Month Fixed Deposit 7.30%
ABSA 6 Month Islamic Term Deposit 7.00%
Mercantile Bank South Africa 6 Month Term Deposit 6.95%

African Bank Discussion

  • Q: If I invest R400 000 over the 3 months or 6 month fixed them is the interest 7.97% in 6 months? Furthermore am I allowed to reinvest it after the 6 months period?

    Reply Thivhu from South Africa
  • Q: How much would I earn if i invest R100 000

    Reply Mdez from Pretoria, South Africa
  • Q: Hi I would like to save about R1500 or more monthly for a year and I would like to know how much would I get out with interest after a year

    Reply Saeeda from Cape Town, South Africa