Annual Interest Rate For Nab 2025 Calculator. 👉 african bank will give you an effective annual interest rate of 10.4% for a r100,000 fixed deposit invested for 60 months. Apy stands for ‘annual percentage yield’, sometimes known as ‘annual interest yield' or the ‘effective annual rate’.
The effective annual rate (also known as the annual percentage yield) is the rate of interest that you actually receive on your savings or investment. 👉 african bank will give you an effective annual interest rate of 10.4% for a r100,000 fixed deposit invested for 60 months.