Access Bank Plc Fixed Deposit Review for April 2024

Last updated 2nd April 2024 by Walter

Introduction

This page summarises all the fixed deposits offered by Access Bank Plc. All the rates shown are sourced from the Access Bank Plc website - southafrica.accessbankplc.com. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The Access Bank Plc fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Access Bank Plc fixed deposits highlights

last updated 2nd April 2024 by Walter

R500
min deposit
10.45%
best rate

Here are Access Bank Plc's best fixed deposit rates

The best interest rate you can get at Access Bank Plc is 10.45% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

Here are Access Bank Plc's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R500 60 months 10.45%
2 R500 48 months 10.10%
3 R500 36 months 9.80%
4 R500 24 months 9.55%
5 R500 18 months 9.52%
P
only individuals older than 55 qualify

Access Bank Plc 3 month fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.14% 8.11%
+
1
R10,000 for 55+8.14% 8.26%
-
-3
R100,000 for 18+8.39% 8.18%
+
53
R100,000 for 55+8.39% 8.28%
+
27
R250,000 for 18+8.39% 8.17%
+
137
R250,000 for 55+8.39% 8.30%
+
55
R1,000,000 for 18+8.49% 8.21%
+
706
R1,000,000 for 55+8.49% 8.36%
+
321
R5,000,000 for 18+8.60% 8.21%
+
4,936
R5,000,000 for 55+8.60% 8.42%
+
2,369
How to read this table?

You get a 8.14% interest rate at Access Bank Plc for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 8.11%. Over 3 months you will earn R1 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 6 month fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.41% 8.44%
-
-2
R10,000 for 55+8.41% 8.58%
-
-9
R100,000 for 18+8.66% 8.56%
+
51
R100,000 for 55+8.66% 8.62%
+
16
R250,000 for 18+8.66% 8.59%
+
88
R250,000 for 55+8.66% 8.65%
+
13
R1,000,000 for 18+8.75% 8.64%
+
605
R1,000,000 for 55+8.75% 8.69%
+
302
R5,000,000 for 18+9.00% 8.67%
+
8,600
R5,000,000 for 55+9.00% 8.74%
+
6,654
How to read this table?

You get a 8.41% interest rate at Access Bank Plc for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.44%. Over 6 months you will earn R2 less in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 1 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.50% 8.93%
+
62
R10,000 for 55+9.50% 9.05%
+
48
R100,000 for 18+9.50% 9.08%
+
450
R100,000 for 55+9.50% 9.14%
+
383
R250,000 for 18+9.50% 9.10%
+
1,067
R250,000 for 55+9.50% 9.19%
+
836
R1,000,000 for 18+9.50% 9.13%
+
3,958
R1,000,000 for 55+9.50% 9.22%
+
2,991
R5,000,000 for 18+9.50% 9.16%
+
18,050
R5,000,000 for 55+9.50% 9.27%
+
12,222
How to read this table?

You get a 9.5% interest rate at Access Bank Plc for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 8.93%. Over 12 months you will earn R62 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 2 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.55% 8.74%
+
197
R10,000 for 55+9.55% 8.89%
+
163
R100,000 for 18+9.55% 8.87%
+
1,665
R100,000 for 55+9.55% 8.97%
+
1,442
R250,000 for 18+9.55% 8.92%
+
3,890
R250,000 for 55+9.55% 8.99%
+
3,435
R1,000,000 for 18+9.55% 8.94%
+
15,124
R1,000,000 for 55+9.55% 9.03%
+
12,961
R5,000,000 for 18+9.55% 8.97%
+
72,099
R5,000,000 for 55+9.55% 9.01%
+
64,069
How to read this table?

You get a 9.55% interest rate at Access Bank Plc for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.74%. Over 2 years you will earn R197 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 3 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.80% 8.89%
+
367
R10,000 for 55+9.80% 9.02%
+
317
R100,000 for 18+9.80% 9.11%
+
2,780
R100,000 for 55+9.80% 9.21%
+
2,417
R250,000 for 18+9.80% 9.16%
+
6,512
R250,000 for 55+9.80% 9.23%
+
5,774
R1,000,000 for 18+9.80% 9.18%
+
25,117
R1,000,000 for 55+9.80% 9.27%
+
21,578
R5,000,000 for 18+9.80% 9.23%
+
116,682
R5,000,000 for 55+9.80% 9.24%
+
109,328
How to read this table?

You get a 9.8% interest rate at Access Bank Plc for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.89%. Over 3 years you will earn R367 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 5 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+10.45% 9.48%
+
805
R10,000 for 55+10.45% 9.62%
+
699
R100,000 for 18+10.45% 9.68%
+
6,454
R100,000 for 55+10.45% 9.75%
+
5,942
R250,000 for 18+10.45% 9.72%
+
15,361
R250,000 for 55+10.45% 9.79%
+
13,960
R1,000,000 for 18+10.45% 9.74%
+
59,814
R1,000,000 for 55+10.45% 9.82%
+
53,571
R5,000,000 for 18+10.45% 9.80%
+
277,433
R5,000,000 for 55+10.45% 9.73%
+
295,231
How to read this table?

You get a 10.45% interest rate at Access Bank Plc for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 9.48%. Over 5 years you will earn R805 more in interest at Access Bank Plc compared to the average bank.

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