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.
African Bank Fixed deposit infograhpic

Earn SA's best investment rate of 10.75% per annum, which is equivalent to 13.33% per annum calculated on expiry after 60 months. For a better understanding of these rates, please download our infographic:

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  • 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.

Calculate the returns on your investment at SA's Best rates.

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More about the Fixed Deposit

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Fixed rate

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

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Payout options

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

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Once-off deposit

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

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Terms

Terms range from 3 to 60 months

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Easy Application

Register and open your account online in less than 3 minutes


What you need to open your Fixed Deposit account

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Identity document or Passport

The minimum opening deposit is R500.

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 authorized financial services and registered credit provider. NCR Reg No: NCRCP7638 . Reg No:2014/176899/06

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