Investment Accounts - African Bank Access Accumulator

African Bank Access Accumulator

 
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African Bank Access Accumulator

The African Bank Access Accumulator is African Bank’s most unique investment product as it provides…

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African Bank Access Accumulator

The African Bank Access Accumulator is African Bank’s most unique investment product as it provides you with the flexibility to access your funds within 24 hours while at the same time earning good interest rates that increase monthly for the duration of the investment. The maximum term is 24 months.

African Bank Access Accumulator Features:

  • Benefit from access to your money at any time either partially or fully within 24 hours of your request
  • Interest will increase by 0.15% every month
  • A minimum opening deposit of R500 is required
  • No additional deposits can be made into the account
  • Interest pay-out will only take place on expiry
  • The interest rate will never decrease for the duration of the investment.
  • Statements can be emailed monthly or are available from the call centre on request
  • After 24 months the investment matures and you may consider re-investment options or pay-out

 

African Bank contact details:

Address: 59 16th Road,
Midrand, Johannesburg 1685

Tel: 011 256 9000
Email: [email protected]
Website: www.africanbank.co.za

Account Details

Highest Interest Rate 0.15% - 9.70%
Min Investment Amount 500.00
Investment Period 24 Months

Interest Rates

R1,000 - R10,000 0.15% - 9.70%
R10,000 - R25,000 0.15% - 9.70%
R25,000 - R50,000 0.15% - 9.70%
R50,000 - R75,000 0.15% - 9.70%
Interest R75,000 - R100,000 0.15% - 9.70%
Interest R100,000 - R500,000 0.15% - 9.70%
R500,000 - R1,000,000 0.15% - 9.70%
R1,000,000 - R5,000,000 0.15% - 9.70%
R5,000,000 + 0.15% - 9.70%


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