Bidvest Interest Rate Review for December 2024
Introduction
This page gives you an overview of Bidvest interest rates for December 2024. Bidvest offers:
- Savings accounts. Saving accounts give you quick and easy access to your money.
- Notice accounts. You will need to give Bidvest notice before you get access to your money. Interest rates typically higher than your savings account.
- Fixed deposits. The interest rate for a fixed deposit investment does not fluctuate and is instead fixed throughout your investment period.
The main difference between these three options is ease of access to your money. Savings accounts will provide you with near instant access, but in return you get a lower rate of interest . Notice accounts will provide better interest rates, but you will need to give Bidvest notice before getting access to your money. Fixed deposits generally pay the best interest, but you commit your money for a fixed term. In case you do need to withdraw, you can still get access before your term is over but will have to pay a penalty.
Bidvest interest rate overview for savings, notice accounts and fixed deposits
Here is a table of interest rates available at Bidvest. It shows the type of account, deposit and interest rate you can get.
Name | Deposit | Nominal rate |
Savings | ||
R1 - 75k | 3.7 - 5.7% | |
Notice accounts | ||
Bidvest 32 day notice | R5k - 1m | 8.1%- 8.15% |
Bidvest 40 day notice | R5k | 8.2% |
Bidvest 60 day notice | R5k | 8.25% |
Bidvest 90 day notice | R5k | 8.35% |
Bidvest 120 day notice | R5k | 8.45% |
Fixed deposits | ||
3 month | R10k | 8.24% |
6 month | R10k | 8.45% |
12 month | R10k | 8.6%- 8.65% |
Check out the full Bidvest fixed deposit review for December 2024 |
Bidvest offers one types of savings accounts.
- Bidvest Bank Call Account starts with a minimum deposit of R1 and pays interest of 3.7%. The highest rate you can achieve with the Bidvest Bank Call Account is 5.7% for savings balances over R75,001.
Bidvest offers five types of notice accounts.
- Bidvest Bidvest 32 day notice pays interest from 8.1% and up to 8.15% - for balances over R1.0m
- Bidvest Bidvest 40 day notice pays an interest rate of 8.2% for balances over R5.0k
- Bidvest Bidvest 60 day notice pays an interest rate of 8.25% for balances over R5.0k
- Bidvest Bidvest 90 day notice pays an interest rate of 8.35% for balances over R5.0k
- Bidvest Bidvest 120 day notice pays an interest rate of 8.45% for balances over R5.0k
- Bidvest 3 month fixed deposit currently pays an interest rate of 8.24% for balances over R10.0k
- Bidvest 6 month fixed deposit currently pays an interest rate of 8.45% for balances over R10.0k
- Bidvest 12 month fixed deposit pays interest from 8.6% and up to 8.65% - for balances over R10.0k