With an African bank Fixed Deposit Account, you can earn an annual 10.75% interest rate, which is equivalent to 13.33% per annum calculated over 5 years (60 months) on expiry/maturity date (See African Bank Infographic rates). You can start a fixed deposit account with only R500, that’s the minimum balance required. South Africa - Deposits - Capitec Bank - Capitec Bank 6 Month Fixed Term Deposit Q: how much will 500 be after 6 months fixed term savings at capitec Reply. katleho from Bryanston, South Africa.
African Bank Tax Free Investment
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. Early withdrawal of up to 10% of the value of the initial investment is possible.
African Bank Fixed Deposit Rates
As per the applicable legislation, the annual limit is R30,000 per customer.
African Bank Fixed Deposit Rates Calculator
