Fedgroup Fixed Deposit Review for October 2024
Introduction
This page summarises all the fixed deposits offered by Fedgroup. All the rates shown are sourced from the Fedgroup website - fedgroup.co.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!
The Fedgroup fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.
Fedgroup fixed deposits highlights
last updated 2nd October 2024 by Walter
Here are Fedgroup's best fixed deposit rates
The best interest rate you can get at Fedgroup is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 .
Here are Fedgroup's five best fixed deposit interest rates:
| # | Min deposit | Term | Nominal | Effective |
|---|---|---|---|---|
| 1 | R5,000 | 60 months | 9.30% | 9.71% |
Fedgroup 5 year fixed deposit
This table shows Fedgroup's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 18+ | 9.30% | 8.87% | + 346 |
| R10,000 for 55+ | 9.30% | 8.99% | + 255 |
| R100,000 for 18+ | 9.30% | 9.00% | + 2,429 |
| R100,000 for 55+ | 9.30% | 9.05% | + 2,021 |
| R250,000 for 18+ | 9.30% | 9.04% | + 5,246 |
| R250,000 for 55+ | 9.30% | 9.08% | + 4,471 |
| R1,000,000 for 18+ | 9.30% | 9.07% | + 18,919 |
| R1,000,000 for 55+ | 9.30% | 9.11% | + 15,334 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 18+ | 9.30% | 8.87% | + 346 |
| R10,000 for 55+ | 9.30% | 8.99% | + 255 |
| R100,000 for 18+ | 9.30% | 9.00% | + 2,429 |
| R100,000 for 55+ | 9.30% | 9.05% | + 2,021 |
| R250,000 for 18+ | 9.30% | 9.04% | + 5,246 |
| R250,000 for 55+ | 9.30% | 9.08% | + 4,471 |
| R1,000,000 for 18+ | 9.30% | 9.07% | + 18,919 |
| R1,000,000 for 55+ | 9.30% | 9.11% | + 15,334 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Fedgroup.
You get a 9.3% interest rate at Fedgroup for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.87%. Over 5 years you will earn R346 more in interest at Fedgroup compared to the average bank.