African Bank | Savings | Fixed Deposits

Fixed Deposits

It’s easier to look forward to the future once you've planned for it. A Fixed Deposit Account allows you to commit to an investment that will leave you better prepared for your bigger future events. Enjoying a comfortable retirement, adding capital towards your home, paying for your child’s education or paying for your child's wedding becomes a possibility when you’re prepared.

If you're interested in investing your money into a Fixed Deposit Account, here are a few reasons it could work for you:

Terms range

Terms range from 3 months up to 60 months.

Interest change

Be assured of an interest rate that does not change for the duration of your investment - the rate is fixed at the start of the investment and does not change irrespective of changes in market conditions.

Interest payment options

Interest can be paid out monthly, every 6 months, every 12 months or upon maturity.

Once-off Deposit

We allow for additional deposits into a fixed deposit account for the first 7 days after initial funding to cater for transfer limits on internet banking platforms. Thereafter no additional deposits are allowed into a Fixed Deposit Account.

How to apply

With a minimum of R500.00 opening an account is easy. We’ll help you along the way with any of your enquiries. To kick-start your savings journey simply enter your details below.

Identity document

Proof of residence

Open an investment account

Fixed Deposit calculator

How much would you like to invest?

How many months would you like to invest?

Interest paid out values could differ from actual values due to number of days in the month


Rates are quoted on a per annum basis.

Minimum investment amount
Monthly interest payout
Annual interest payout
Semi-annual interest payout
Interest payout on expiry

Rates quoted are valid for today only, given that funds are received today, and may change over time. Interest rates on expiry are quoted for illustration purposes, based on a 12 month period.
* - R2000 minimum for monthly interest pay-out option
** - R1000 minimum for monthly interest pay-out option

Disclaimer: African Bank cannot advise you of the tax implications of investing. It is recommended that you contact your financial advisor or your tax consultant.
To open a Fixed Deposit Account please visit your nearest branch.


Do you need more information to make your investment decision easier? Click on any of the informative African Bank documents below to download.

Investment terms and conditions
Take control of your money
Branch investments terms and conditions
Making savings simple