Product Overview Table
Access Bank South Africa offers three core deposit product categories: Call Deposits, Notice Deposits, and Fixed Deposits. Each serves a different liquidity requirement and yield objective.
Call Deposit Account — Rates (Effective 1 February 2026)
| Balance Tier | Monthly Interest Rate | Annual Rate (NACM) |
|---|---|---|
| R0 – R24,999 | 5.00% | 5.12% |
| R25,000 – R999,999 | 5.75% | 5.90% |
| R1,000,000 – R4,999,999 | 5.85% | 6.01% |
| R5,000,000+ | 6.00% | 6.17% |
- Minimum balance: R1,000
- Access: Immediate (same-day)
- Fees: None
- Interest payment: Monthly to account
Notice Deposit Accounts — Rates (Effective 2026)
| Notice Term | Rate (Standard) | Rate (R5m+) |
|---|---|---|
| 15-Day Notice | 6.20% p.a. | 7.45% p.a. |
| 32-Day Notice | 6.30% p.a. | 7.55% p.a. |
| 60-Day Notice | 6.40% p.a. | 7.65% p.a. |
| 90-Day Notice | 6.50% p.a. | 7.75% p.a. |
- Access: After providing the required notice period
- Fees: None
- Interest payment: Monthly
- Early withdrawal: Subject to penalty; notice period must be observed
Fixed Deposit Accounts — Rates (Effective February 2026)
| Term | Interest Rate p.a. | Interest at Maturity (NACM) |
|---|---|---|
| 3 months | 7.60% | — |
| 6 months | 7.90% | — |
| 9 months | 7.00% (monthly pmt) | 7.17% (at maturity) |
| 12 months | 8.35% | — |
| 24 months | 8.55% | — |
| 36 months | 8.65% | — |
| 60 months | 9.20% | — |
- Minimum deposit: R0 (no stated minimum; contact bank for practical minimums)
- Interest payment options: Monthly / Quarterly / Bi-annually / At maturity
- Premature withdrawal: Generally not permitted; subject to bank's discretion and applicable penalty
- Rollover: Automatic rollover available at prevailing rates on maturity unless alternative instructions given
Requirements to Open a Deposit Account
- South African resident individual or registered legal entity
- Valid South African ID document or passport (foreign nationals)
- Proof of residence (not older than 3 months)
- FICA compliance documentation
- Initial deposit (varies by product; contact Relationship Manager for confirmation)
Interest Calculation Example
Scenario: R500,000 placed in a 12-month Fixed Deposit at 8.35% p.a. with monthly interest payment
| Parameter | Value |
|---|---|
| Principal | R500,000 |
| Rate | 8.35% p.a. |
| Term | 12 months |
| Monthly interest | ≈ R3,479 |
| Total interest earned | ≈ R41,750 |
| Total at maturity (capital) | R500,000 |
Note: This is an indicative calculation. Actual interest is subject to the rate confirmed at the time of placement and may vary with tiered balance conditions. Interest income is subject to South African income tax.
Risk Disclaimer
Depositing funds with any financial institution carries risk including, but not limited to, interest rate risk, liquidity risk, and institutional credit risk. While Access Bank South Africa is regulated by the SARB and FSCA, and deposit insurance may apply through CODI, investors are encouraged to verify current coverage limits and to seek independent financial advice before committing significant sums. Interest rates are subject to change without notice.
FAQ — Terms
Is there a minimum deposit amount? For fixed deposits, the practical minimum varies; contact a Relationship Manager to confirm. Call accounts require a minimum opening balance of R1,000. Notice accounts are typically structured for institutional or higher-value balances.
Can I earn higher rates than advertised? Rates are tiered by balance and may be subject to negotiation for very large deposits. Clients placing R5m or more can access the top tier notice account rates. Contact the bank directly to discuss tailored rate structures.
Are the rates fixed or variable? Fixed deposit rates are locked in at the time of placement. Call and notice account rates are variable and linked to the prevailing interest rate environment — they may change when the SARB repo rate changes.