African Bank Interest Rates
With the population at over 1 billion (Est 2012) combined of 54 countries, the African continent has some of the lowest GDP PPP per capita (2011) countries in the world. However in 2011 economic growth minus South Africa according to a World Bank report(2012) was 5.9%. Specifically Egypt and Nigeria were categorized as one of the ‘Next 11’, a Goldman Sachs report which emphasis that along with the BRICs, these 11 countries could become some of the world’s largest economies in the 21st century.
Invest a lump sum and earn SA best investment rate and guaranteed returns at a fixed interest rate over a fixed term of 3 months to 60 months.
- 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.
| Terms | Monthly interest payout | Annual interest payout | Semi-annual interest payout | Interest payout on expiry |
|---|---|---|---|---|
| 3 Months | 4.17% | 4.25% | 4.20% | 4.18% |
| 6 Months | 4.65% | 4.75% | 4.69% | 4.69% |
| 12 Months | 5.61% | 5.75% | 5.67% | 5.75% |
| 24 Months | 6.51% | 6.70% | 6.59% | 6.93% |
| 36 Months | 6.93% | 7.15% | 7.03% | 7.67% |
| 60 Months | 8.47% | 8.80% | 8.62% | 10.50% |
- 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.