1. Which Bank Has The Highest Interest Rate For Fixed Deposit South Africa
2. African Bank Fixed Deposit Rates
3. African Bank Fixed Deposit Interest Rates 2019
4. Which Bank Is The Best For Fixed Deposit In Nigeria

• An African Bank Tax-free Investment, provides you with an opportunity to save money and enjoy returns without incurring tax costs on the interest earned. The investment is fixed for a period of 12 months. Funds can, however, be accessed within 48 hours where circumstances require urgent access.
• FOREX RATES: USDKES Buying 107.3000 Selling 113.8000 GBPKES Buying 149.2479 Selling 158.7479 EURKES Buying 129.3697 Selling 137.7197 INRKES Buying 1.3840 Selling 1.5840 ZARKES Buying 7.2470 Selling 8.5178 AEDKES Buying 29.3625 Selling 30.6727 YENKES Buying 1.0223 Selling 1.2845 SARKES Buying 28.2487 Selling 30.1535 Please call us on: +254 (20) 2710640/654/659 TO SERVE.
• The African Bank Fixed Deposit Investment Account allows you to build a safe and secure financial future for you and your family by letting you invest a lump sum for a fixed period of time at a guaranteed fixed interest rate. This investment account helps you not touch your investment so that your money can grow.
• African Bank 1 Year Fixed Deposit. Fixed deposit terms range from 3 months to 60 months (5 years). Our services are reliable and convenient and reliable.

Looking for the best bank to keep your money? With so many banks in South Africa that offer multiple savings accounts each, it can be extremely confusing.

I know because I’m in the process of finding the best savings bank account myself. I was astounded by the lack of information online so I thought I better research my findings.

Which Bank Has The Highest Interest Rate For Fixed Deposit South Africa

Put as little as R1 000 to work for you, for a period of one month to 17 months and enjoy the benefits and returns of a fixed interest rate. Put as little as R1 000 to work for you, for a period of one month to 17 months and enjoy the benefits and returns of a fixed interest rate.

To make life a bit easier for you, below you’ll find a breakdown of the best interest rates on savings accounts within South Africa. Hope this helps!

1. African Bank fixed deposit account tops the list! Their interest rates start out at 7.7% interest for the first 3 months and can be increased to as much as 10.75% interest the longer you hold your money, which is outstanding. [View Bank]

Side note: As discussed in this quora post, only the best investors in the world achieve a 10% return on their investment in the long term. So finding a bank that offers 10% interest on your money is truly special.

2. Tyme bank GoalSave account tops the list. They offer the best interest rate at 6% interest per annum from 1-30 days after the money has been added to your account. This increases the longer you hold your money to us much as 10% interest. Unfortunately your maximum initial investment is capped at R10,000. This can be increased to up to R100,000. [View Bank]

3. Capitec Global One account offers 4.75% interest on your everyday account which can be increased the more you deposit. Over R100,000 will give you a 5.5% interest rate. However, with a fixed savings account they offer as much 8.55% interest. [View Bank]

4. Nedbank offers a wide range of flexible and fixed term savings accounts. A fixed term savings account offers from 6.5% to 8% interest rates depending on the term and amount you deposit. [View Bank]

05. Absa interest rates for savings account ranges from 3.5% to 6.9% depending on the account selected and amount deposited. I highly suggest your minimum deposit is over R10,000 to make it worth your while. Their fixed deposits offer interest rates between 7.10% to 7.6%. [View Bank]

African Bank Fixed Deposit Rates

06. Standard bank also has a big variety of savings account options. They offer interest rates from as low as 2% to as high as 9% depending on how much you deposit, and how quickly you would like access to that money. They have 4 “accessibility” options so make sure you check out the bank to get a detailed description. [View Bank]

African Bank Fixed Deposit Interest Rates 2019

07. FNB has a high initial interest rate of 5% on a low deposit, however on the other side of the spectrum they max out at only a 6% interest rate for investments of R100,000 plus. Which is extremely poor compared to option 1-6. [View Bank]

Which Bank Is The Best For Fixed Deposit In Nigeria

Did we miss a bank? Or did we miss any info? Please let us know below. Hope this information saves you a few hours of research. I know I wish I had it when I was researching my savings account.