SA Retail Bonds Fixed Deposit Review for May 2024

Last updated 1st May 2024 by Walter

Introduction

This page summarises all the fixed deposits offered by SA Retail Bonds. All the rates shown are sourced from the SA Retail Bonds website - secure.rsaretailbonds.gov.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 SA Retail Bonds fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

SA Retail Bonds fixed deposits highlights

last updated 1st May 2024 by Walter

R1,000
min deposit
11.50%
best rate

Here are SA Retail Bonds's best fixed deposit rates

The best interest rate you can get at SA Retail Bonds is 11.5% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 .

Here are SA Retail Bonds's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R1,000 60 months 11.50%
2 R1,000 36 months 10.25%
3 R1,000 24 months 9.75%
P
only individuals older than 55 qualify

SA Retail Bonds 2 year fixed deposit

This table shows SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.75% 8.81%
+
178
R10,000 for 55+9.75% 8.95%
+
145
R100,000 for 18+9.75% 8.93%
+
1,505
R100,000 for 55+9.75% 9.03%
+
1,262
R250,000 for 18+9.75% 8.97%
+
3,491
R250,000 for 55+9.75% 9.06%
+
2,985
R1,000,000 for 18+9.75% 8.99%
+
13,526
R1,000,000 for 55+9.75% 9.09%
+
11,160
R5,000,000 for 18+9.75% 9.03%
+
63,099
How to read this table?

You get a 9.75% interest rate at SA Retail Bonds for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.81%. Over 2 years you will earn R178 more in interest at SA Retail Bonds compared to the average bank.

SA Retail Bonds 3 year fixed deposit

This table shows SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+10.25% 8.93%
+
436
R10,000 for 55+10.25% 9.06%
+
385
R100,000 for 18+10.25% 9.12%
+
3,604
R100,000 for 55+10.25% 9.22%
+
3,227
R250,000 for 18+10.25% 9.17%
+
8,573
R250,000 for 55+10.25% 9.25%
+
7,800
R1,000,000 for 18+10.25% 9.19%
+
33,360
R1,000,000 for 55+10.25% 9.29%
+
29,680
R5,000,000 for 18+10.25% 9.24%
+
157,195
How to read this table?

You get a 10.25% interest rate at SA Retail Bonds for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.93%. Over 3 years you will earn R436 more in interest at SA Retail Bonds compared to the average bank.

SA Retail Bonds 5 year fixed deposit

This table shows SA Retail Bonds'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+11.50% 9.46%
+
1,463
R10,000 for 55+11.50% 9.60%
+
1,358
R100,000 for 18+11.50% 9.66%
+
13,104
R100,000 for 55+11.50% 9.72%
+
12,593
R250,000 for 18+11.50% 9.71%
+
31,709
R250,000 for 55+11.50% 9.77%
+
30,589
R1,000,000 for 18+11.50% 9.73%
+
125,204
R1,000,000 for 55+11.50% 9.81%
+
118,874
R5,000,000 for 18+11.50% 9.79%
+
603,550
How to read this table?

You get a 11.5% interest rate at SA Retail Bonds for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 9.46%. Over 5 years you will earn R1,463 more in interest at SA Retail Bonds compared to the average bank.