Standard Bank
vs
Fedgroup
Interest rates compared
Introduction
This fixed deposit comparison page compares Standard Bank interest rates to Fedgroup interest rates. All the interest rates shown are sourced from the Standard Bank and Fedgroup 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 Standard Bank fixed deposit interest rates compare to Fedgroup ?
You are more likely to find better interest rates at Fedgroup than Standard Bank. Specifically, 0 out of 100 interest rates are better at Standard Bank than Fedgroup. This means you are more likely to find a better interest rate at Fedgroup 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)
The best interest rate you can get at Standard Bank is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 . Whilst at Fedgroup, the best interest rate you can get is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 .
But how do interest rates at Standard Bank compare to Fedgroup across different terms and investment amounts?
5 year fixed deposit interest rates compared
This table shows Standard Bank's and Fedgroup's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.
Investment amount | Standard Bank1 | Fedgroup1 | Winner 2 |
---|---|---|---|
R10,000 for 18+ | 7.86% | 9.30% | - -1,098 |
R10,000 for 55+ | 8.36% | 9.30% | - -725 |
R100,000 for 18+ | 8.85% | 9.30% | - -3,518 |
R100,000 for 55+ | 8.85% | 9.30% | - -3,518 |
R250,000 for 18+ | 8.85% | 9.30% | - -8,795 |
R250,000 for 55+ | 8.85% | 9.30% | - -8,795 |
R1,000,000 for 18+ | 8.85% | 9.30% | - -35,178 |
R1,000,000 for 55+ | 8.85% | 9.30% | - -35,178 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Standard Bank over and above Fedgroup.
A negative amount means that Fedgroup offers more than Standard Bank.
You get a 8.85% interest rate at Standard Bank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Fedgroup's interest rate for the same terms is 9.30%. Over 5 years you will earn R35,178 less in interest at Standard Bank compared Fedgroup.
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