FNB vs SA Retail Bonds

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares FNB interest rates to SA Retail Bonds interest rates. All the interest rates shown are sourced from the FNB and SA Retail Bonds websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd September 2024.

How do FNB fixed deposit interest rates compare to SA Retail Bonds ?

You are more likely to find better interest rates at SA Retail Bonds than FNB. Specifically, 30 out of 100 interest rates are better at FNB than SA Retail Bonds. This means you are more likely to find a better interest rate at SA Retail Bonds 70% 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)

FNB
9.65%
best rate
SA Retail Bonds
10.25%
best rate

The best interest rate you can get at FNB is 9.65% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55. Whilst at SA Retail Bonds, the best interest rate you can get is 10.25% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 .

But how do interest rates at FNB compare to SA Retail Bonds across different terms and investment amounts?

2 year fixed deposit interest rates compared

FNB vs SA Retail Bonds

This table shows FNB's and SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount FNB1SA Retail Bonds1 Winner 2
R10,000 for 18+
8.15%
8.75%
-
-104
R10,000 for 55+
9.00%
8.75%
+
96
R100,000 for 18+
8.15%
8.75%
-
-1,044
R100,000 for 55+
9.00%
8.75%
+
961
R250,000 for 18+
8.20%
8.75%
-
-2,283
R250,000 for 55+
9.05%
8.75%
+
2,675
R1,000,000 for 18+
8.30%
8.75%
-
-6,962
R1,000,000 for 55+
9.20%
8.75%
+
14,424
R5,000,000 for 18+
8.30%
8.75%
-
-34,810
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than FNB.
How to read this table?

You get a 8.3% interest rate at FNB for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 18). SA Retail Bonds's interest rate for the same terms is 8.75%. Over 2 years you will earn R34,810 less in interest at FNB compared SA Retail Bonds.

3 year fixed deposit interest rates compared

FNB vs SA Retail Bonds

This table shows FNB's and SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount FNB1SA Retail Bonds1 Winner 2
R10,000 for 18+
8.25%
9.00%
-
-224
R10,000 for 55+
9.05%
9.00%
+
82
R100,000 for 18+
8.25%
9.00%
-
-2,241
R100,000 for 55+
9.05%
9.00%
+
825
R250,000 for 18+
8.30%
9.00%
-
-5,160
R250,000 for 55+
9.10%
9.00%
+
2,601
R1,000,000 for 18+
8.40%
9.00%
-
-16,741
R1,000,000 for 55+
9.25%
9.00%
+
16,165
R5,000,000 for 18+
8.40%
9.00%
-
-83,707
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than FNB.
How to read this table?

You get a 8.4% interest rate at FNB for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 18). SA Retail Bonds's interest rate for the same terms is 9.00%. Over 3 years you will earn R83,707 less in interest at FNB compared SA Retail Bonds.

5 year fixed deposit interest rates compared

FNB vs SA Retail Bonds

This table shows FNB's and SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount FNB1SA Retail Bonds1 Winner 2
R10,000 for 18+
8.70%
10.25%
-
-1,053
R10,000 for 55+
9.45%
10.25%
-
-472
R100,000 for 18+
8.70%
10.25%
-
-10,533
R100,000 for 55+
9.45%
10.25%
-
-4,718
R250,000 for 18+
8.75%
10.25%
-
-25,447
R250,000 for 55+
9.50%
10.25%
-
-10,883
R1,000,000 for 18+
8.85%
10.25%
-
-93,978
R1,000,000 for 55+
9.65%
10.25%
-
-31,083
R5,000,000 for 18+
8.85%
10.25%
-
-469,891
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than FNB.
How to read this table?

You get a 8.85% interest rate at FNB for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 18). SA Retail Bonds's interest rate for the same terms is 10.25%. Over 5 years you will earn R469,891 less in interest at FNB compared SA Retail Bonds.

How do FNB interest rates compare to other banks?