Bidvest vs Sasfin

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Bidvest interest rates to Sasfin interest rates. All the interest rates shown are sourced from the Bidvest and Sasfin websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st November 2024.

How do Bidvest fixed deposit interest rates compare to Sasfin ?

You are more likely to find better interest rates at Sasfin than Bidvest. Specifically, 50 out of 100 interest rates are better at Bidvest than Sasfin. This means you are more likely to find a better interest rate at Sasfin 50% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

Bidvest
8.65%
best rate
Sasfin
10.00%
best rate

The best interest rate you can get at Bidvest is 8.65% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at Sasfin, the best interest rate you can get is 10% for the 60-month fixed deposit. You will need a minimum deposit of R20,000 .

But how do interest rates at Bidvest compare to Sasfin across different terms and investment amounts?

6 month fixed deposit interest rates compared

Bidvest vs Sasfin

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

Investment amount Bidvest1Sasfin1 Winner 2
R100,000 for 18+
8.45%
8.35%
+
53
R100,000 for 55+
8.45%
8.35%
+
53
R250,000 for 18+
8.45%
8.35%
+
132
R250,000 for 55+
8.45%
8.35%
+
132
R1,000,000 for 18+
8.45%
8.35%
+
527
R1,000,000 for 55+
8.45%
8.35%
+
527
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Sasfin.
    A negative amount means that Sasfin offers more than Bidvest.
How to read this table?

You get a 8.45% interest rate at Bidvest for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 8.35%. Over 6 months you will earn R527 more in interest at Bidvest compared Sasfin.

1 year fixed deposit interest rates compared

Bidvest vs Sasfin

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

Investment amount Bidvest1Sasfin1 Winner 2
R100,000 for 18+
8.60%
9.06%
-
-500
R100,000 for 55+
8.65%
9.06%
-
-450
R250,000 for 18+
8.60%
9.06%
-
-1,250
R250,000 for 55+
8.65%
9.06%
-
-1,125
R1,000,000 for 18+
8.60%
9.06%
-
-5,000
R1,000,000 for 55+
8.65%
9.06%
-
-4,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Sasfin.
    A negative amount means that Sasfin offers more than Bidvest.
How to read this table?

You get a 8.65% interest rate at Bidvest for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 9.06%. Over 12 months you will earn R4,500 less in interest at Bidvest compared Sasfin.

How do Bidvest interest rates compare to other banks?