R10k
see best interest rates for R10'000
R100k
see best interest rates for R100'000
R1m
see best interest rates for R1'000'000
Custom
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Best 1 year Fixed Deposit Rates for October 2024 | R1,000,000 investment
These are the best 1 year fixed deposit rates for individuals older than 55 looking to invest R1,000,000.
| # | Bank | Min Age | Min Deposit | Nominal | Total interest * |
|---|---|---|---|---|---|
| 1 | 55 | R1 | 9.57% | R100.0k | |
| 2 | 55 | R500 | 9.11% | R95.0k | |
| 3 | 55 | R20k | 9.06% | R94.5k | |
| 4 | 55 | R1m | 8.98% | R93.6k | |
| 5 | 55 | R100k | 8.9% | R92.7k | |
| 6 | 55 | R10k | 8.88% | R92.5k | |
| 7 | 55 | R1m | 8.85% | R92.2k | |
| 8 | 55 | R1m | 8.8% | R91.6k | |
| 9 | 55 | R1m | 8.7% | R90.6k | |
| 10 | 55 | R1m | 8.3% | R86.2k | |
| 11 | 55 | R10k | 8.3% | R86.2k | |
| 12 | 55 | R1m | 8.25% | R85.7k | |
| 13 | 55 | R1m | 7.89% | R81.8k |
(*) Total interest: estimated total interest earned for a R1,000,000
investment. Interest paid out at maturity