You can save by investing your money at market leading rates with non-taxable payouts.
R
50.00
Minimum monthly deposit
Our Tax-Free Investment product offers SA’s best non-taxable interest rate, ensuring optimal growth potential with no tax implications.
Rate Increases
Your interest rate stays the same for 12 months, but you benefit from rate increases. Upon reinvestment after 12 months, the current rate applies.
Payout
You can withdraw funds during the anniversary month and every 12 months thereafter, giving periodic access to your money.
Term
Allow your Tax-Free investment to grow indefinitely without restrictions, provided a minimum balance of R50 is maintained.
Explore African Banks tax free savings features and benefits.
Tax-free growth
Tax-free investment growth maximises returns by avoiding interest taxes.
Educational savings
Education-focused tax-free accounts with unique limits and incentives offered.
No age limit
Tax-free savings allow all ages tax-free growth, unlike retirement accounts.
Tax efficiency
These accounts simplify tax planning with no tax on withdrawals or gains.
We are as invested in you as you are! Explore some of our related products further more.
MyWorld Account
MyWorld shared banking lets you bank alongside your loved ones while enjoying South Africa's lowest banking fees.
Monthly service fee
R5.00
Notice Deposit Account
Discover the Notice Deposit Account. Earn SA’s Best rates indefinitely, with the flexibility to access funds on 7, 32, or 90 days’ notice.
Monthly service fee
R5.00
Black Credit Card Account
Discover seamless banking with the African Bank Black Credit Card. Instantly manage finances online or on mobile and qualify with ease.
Monthly service fee
R5.00
Fixed Deposit Account
Earn SA's best investment rate of 10.40% per annum, which is equivalent to 12.80% per annum calculated on expiry after 60 months.
Monthly service fee
R5.00
Discover African Bank's Tax-Free Investment options for tax-free interest growth. Flexible contributions from R100/month, with fixed or flexible terms.
Manage online for easy access and control, ensuring convenient savings management tailored to your financial goals.
Feedback shared by our customers sharing their experiences when engaging with our brand.
Compliment
I'm very impressed with the new African Bank offering. It took me 5 mins to open a bank account and left with my printed 'black' card!
Compliment
Switching to African Bank was the best decision for my finances. Their exceptional customer service made opening an account so smooth.
Compliment
I've been with African Bank for over five years and couldn't be happier. They offer flexible financial solutions tailored to my needs
We’re committed to offering you the most convenient ways to connect with African Bank. The African Bank App puts you in control of your finances with secure banking at your fingertips, anywhere, anytime.
Grindrod Bank
Business Internet Banking
Partner services login
Partner services registration
Tracing services
CODI
Call us on:
0800 633 633
Fax us on:
0864 944 107
Email us:
africanbank@tip-offs.com
Call us on:
0861 111 011
Call us on:
0861 123 120
© Copyright 2019 African Bank. An authorized financial services and credit provider Reg No. 2014/176899/06 (NCRCP7638)
