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.

Earn SA's best investment rate of 9.16% per annum, which is equivalent to 11.00% per annum calculated on expiry after 60 months.

Download Infographic
  • 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.

Use Calculator

More about the Fixed Deposit

Fixed rate

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

Payout options

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

Once-off deposit

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


Terms range from 3 to 60 months

Easy Application

Register and open your account online in less than 3 minutes

What you need to open your Fixed Deposit account


Identity document or Passport

The minimum opening deposit is R500.

Updated 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 1 January 2021 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

What our customers are saying

Invest today.

Click call me back to speak to our consultants
or apply to create an application online.

Request for call back received

Thank you for using our call me back
option. We will be in touch soon

From the bank where Everybody is Somebody.

call-me-back call-me-back-close