Fedgroup vs Sasfin

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Fedgroup interest rates to Sasfin interest rates. All the interest rates shown are sourced from the Fedgroup 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 Fedgroup fixed deposit interest rates compare to Sasfin ?

You are more likely to find better interest rates at Sasfin than Fedgroup. Specifically, 0 out of 100 interest rates are better at Fedgroup than Sasfin. This means you are more likely to find a better interest rate at Sasfin 100% 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)

Fedgroup
9.30%
best rate
Sasfin
10.00%
best rate

The best interest rate you can get at Fedgroup is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 . 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 Fedgroup compare to Sasfin across different terms and investment amounts?

5 year fixed deposit interest rates compared

Fedgroup vs Sasfin

This table shows Fedgroup's and Sasfin's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Fedgroup1Sasfin1 Winner 2
R100,000 for 18+
9.30%
10.00%
-
-5,582
R100,000 for 55+
9.30%
10.00%
-
-5,582
R250,000 for 18+
9.30%
10.00%
-
-13,955
R250,000 for 55+
9.30%
10.00%
-
-13,955
R1,000,000 for 18+
9.30%
10.00%
-
-55,819
R1,000,000 for 55+
9.30%
10.00%
-
-55,819
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Fedgroup over and above Sasfin.
    A negative amount means that Sasfin offers more than Fedgroup.
How to read this table?

You get a 9.3% interest rate at Fedgroup for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 10.00%. Over 5 years you will earn R55,819 less in interest at Fedgroup compared Sasfin.

How do Fedgroup interest rates compare to other banks?