Fixed Deposits

They say it takes money to make money. We say it doesn’t have to. That’s why, all it takes to earn South Africa’s best investment rate is R500. Because we understand that big dreams don’t need big starts. So, stop searching and start growing. Open an account in 3 minutes.
  • Interest rates are quoted on a per annum basis and are valid for today only as they may change over time.
  • Terms and conditions apply.
    We cannot advise you on the tax implications of investing. It is recommended that you contact your financial advisor or tax consultant.

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More about the Fixed Deposit

African Bank fixed deposit
Fixed rate

Guaranteed returns with an interest rate which is fixed for the duration of the investment.

African Bank fixed deposit
Payout options

Receive your interest payouts monthly, every 6 or 12 months, or at maturity.

African Bank fixed deposit
Once-off deposit

To get around transfer limits, you have 7 days to complete your total opening deposit.

African Bank fixed deposit
Terms

Terms range from 3 to 60 months

African Bank fixed deposit
Easy Application

Register and open your account online in less than 3 minutes

African Bank fixed deposit
10% Access

Access up to 10% of your capital within 24 hours during the term of the investment.

What you need to open your Fixed Deposit account

To open your Fixed Deposit account you will need these documents: The minimum opening deposit is R500.

African Bank fixed deposit

Identity document or Passport

African Bank fixed deposit

Proof of residence not older than 3 months

Terms and Conditions

*Based on Nominal Annual Compounding Annually (NACA) Interest Rate. **Based on simple interest on expiry. The interest rate is valid as at 11 October 2018 and is subject to change. Rates were correct at time of print. Actual pay-out could differ due to the number of days in a month and interest rate at the start day of the investment. African Bank Limited is an authorised financial services and registered credit provider. NCR Reg No: NCRCP7638. Reg No: 2014/176899/06.

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