Bidvest Fixed Deposit Review for March 2024

Last updated 2nd March24 by Walter

Introduction

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

Bidvest fixed deposits highlights

last updated 2nd March24 by Walter

R10,000
min deposit
9.16%
best rate

Here are Bidvest's best fixed deposit rates

The best interest rate you can get at Bidvest is 9.16% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

Here are Bidvest's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R10,000 P12 months 9.16%
2 R10,000 12 months 9.11%
3 R10,000 6 months 8.90%
4 R10,000 3 months 8.54%
P
only individuals older than 55 qualify

Bidvest 3 month fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.54% 8.06%
+
12
R10,000 for 55+8.54% 8.21%
+
8
R100,000 for 18+8.54% 8.17%
+
94
R100,000 for 55+8.54% 8.27%
+
68
R250,000 for 18+8.54% 8.16%
+
240
R250,000 for 55+8.54% 8.29%
+
159
R1,000,000 for 18+8.54% 8.21%
+
828
R1,000,000 for 55+8.54% 8.36%
+
444
How to read this table?

You get a 8.54% interest rate at Bidvest for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 8.06%. Over 3 months you will earn R12 more in interest at Bidvest compared to the average bank.

Bidvest 6 month fixed deposit

This table shows Bidvest's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.90% 8.39%
+
26
R10,000 for 55+8.90% 8.52%
+
19
R100,000 for 18+8.90% 8.54%
+
183
R100,000 for 55+8.90% 8.61%
+
150
R250,000 for 18+8.90% 8.57%
+
419
R250,000 for 55+8.90% 8.63%
+
346
R1,000,000 for 18+8.90% 8.63%
+
1,410
R1,000,000 for 55+8.90% 8.68%
+
1,116
How to read this table?

You get a 8.9% interest rate at Bidvest for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.39%. Over 6 months you will earn R26 more in interest at Bidvest compared to the average bank.

Bidvest 1 year fixed deposit

This table shows Bidvest's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.11% 8.97%
+
15
R10,000 for 55+9.16% 9.09%
+
7
R100,000 for 18+9.11% 9.11%
+
3
R100,000 for 55+9.16% 9.16%
-
-6
R250,000 for 18+9.11% 9.13%
-
-50
R250,000 for 55+9.16% 9.21%
-
-136
R1,000,000 for 18+9.11% 9.16%
-
-508
R1,000,000 for 55+9.16% 9.24%
-
-900
How to read this table?

You get a 9.11% interest rate at Bidvest for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 8.97%. Over 12 months you will earn R15 more in interest at Bidvest compared to the average bank.

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