ZS
Zane S

1 reviews | Active since Jul 2018

24 Jun 2025, 08:04

Bad investment policy

Why has African Bank suddenly introduced a tiered system interest rate on their fixed deposits? What this has probably done is exclude a large base of smaller investors, since these investors with less capital are unlikely to invest at the lower tiered rates. The main reason I went over to AB was because of their highly competitive flat interest rates, irrespective of the capital invested. The bank has now effectively shot themselves and their investors in the foot!!

0
Replies (1)
African Bank
African Bank's reply24 Jun 2025, 08:45
Official
Thanks for speaking up and calling us out. We're giving your concern our full attention, I have escalated your query to our investment team for the attention it deserves and the agent will contact you for further assistance

Talk to you soon.

Your African Bank Support Specialist team
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