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Best 1 year Fixed Deposit Rates for May 2024 | R10,000 investment
These are the best 1 year fixed deposit rates for individuals older than 55 looking to invest R10,000.
| # | Bank | Min Age | Min Deposit | Nominal | Total interest * |
|---|---|---|---|---|---|
| 1 | 55 | R1 | 9.57% | R1.0k | |
| 2 | 55 | R500 | 9.5% | R992.0 | |
| 3 | 55 | R1k | 9.4% | R982.0 | |
| 4 | 55 | R10k | 9.16% | R955.0 | |
| 5 | 55 | R500 | 9.11% | R950.0 | |
| 6 | 55 | R10k | 9% | R938.0 | |
| 7 | 55 | R10k | 8.9% | R927.0 | |
| 8 | 55 | R1k | 8.65% | R900.0 | |
| 9 | 55 | R10k | 8.56% | R890.0 | |
| 10 | 55 | R10k | 8.5% | R884.0 |
(*) Total interest: estimated total interest earned for a R10,000
investment. Interest paid out at maturity