Standard Bank vs FNB

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to FNB interest rates. All the interest rates shown are sourced from the Standard Bank and FNB 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 FNB ?

You are more likely to find better interest rates at Standard Bank than FNB. Specifically, 67 out of 100 interest rates are better at Standard Bank than FNB. This means you are more likely to find a better interest rate at FNB 33% 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)

Standard Bank
8.85%
best rate
FNB
8.60%
best rate

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 FNB, the best interest rate you can get is 8.6% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

But how do interest rates at Standard Bank compare to FNB across different terms and investment amounts?

3 month fixed deposit interest rates compared

Standard Bank vs FNB

This table shows Standard Bank's and FNB's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount Standard Bank1FNB1 Winner 2
R10,000 for 18+
6.93%
7.30%
-
-9
R10,000 for 55+
7.43%
7.30%
+
3
R100,000 for 18+
7.61%
7.30%
+
78
R100,000 for 55+
7.61%
7.30%
+
78
R250,000 for 18+
7.61%
7.40%
+
130
R250,000 for 55+
7.61%
7.40%
+
130
R1,000,000 for 18+
7.71%
7.60%
+
283
R1,000,000 for 55+
7.71%
7.60%
+
283
R5,000,000 for 18+
7.78%
7.60%
+
2,242
R5,000,000 for 55+
7.78%
7.60%
+
2,242
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above FNB.
    A negative amount means that FNB offers more than Standard Bank.
How to read this table?

You get a 7.78% interest rate at Standard Bank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.60%. Over 3 months you will earn R2,242 more in interest at Standard Bank compared FNB.

6 month fixed deposit interest rates compared

Standard Bank vs FNB

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

Investment amount Standard Bank1FNB1 Winner 2
R10,000 for 18+
7.19%
7.45%
-
-13
R10,000 for 55+
7.69%
7.45%
+
13
R100,000 for 18+
7.74%
7.45%
+
149
R100,000 for 55+
7.74%
7.45%
+
149
R250,000 for 18+
7.74%
7.55%
+
241
R250,000 for 55+
7.74%
7.55%
+
241
R1,000,000 for 18+
7.84%
7.75%
+
481
R1,000,000 for 55+
7.84%
7.75%
+
481
R5,000,000 for 18+
7.91%
7.75%
+
4,087
R5,000,000 for 55+
7.91%
7.75%
+
4,087
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above FNB.
    A negative amount means that FNB offers more than Standard Bank.
How to read this table?

You get a 7.91% interest rate at Standard Bank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.75%. Over 6 months you will earn R4,087 more in interest at Standard Bank compared FNB.

1 year fixed deposit interest rates compared

Standard Bank vs FNB

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

Investment amount Standard Bank1FNB1 Winner 2
R10,000 for 18+
7.18%
7.95%
-
-83
R10,000 for 55+
7.68%
7.95%
-
-29
R100,000 for 18+
7.88%
7.95%
-
-80
R100,000 for 55+
7.88%
7.95%
-
-80
R250,000 for 18+
7.88%
8.05%
-
-450
R250,000 for 55+
7.88%
8.05%
-
-450
R1,000,000 for 18+
7.98%
8.25%
-
-2,900
R1,000,000 for 55+
7.98%
8.25%
-
-2,900
R5,000,000 for 18+
8.05%
8.25%
-
-11,000
R5,000,000 for 55+
8.05%
8.25%
-
-11,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above FNB.
    A negative amount means that FNB offers more than Standard Bank.
How to read this table?

You get a 8.05% interest rate at Standard Bank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.25%. Over 12 months you will earn R11,000 less in interest at Standard Bank compared FNB.

2 year fixed deposit interest rates compared

Standard Bank vs FNB

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

Investment amount Standard Bank1FNB1 Winner 2
R10,000 for 18+
7.39%
7.90%
-
-117
R10,000 for 55+
7.89%
7.90%
-
-2
R100,000 for 18+
8.26%
7.90%
+
845
R100,000 for 55+
8.26%
7.90%
+
845
R250,000 for 18+
8.26%
8.00%
+
1,518
R250,000 for 55+
8.26%
8.00%
+
1,518
R1,000,000 for 18+
8.26%
8.20%
+
1,303
R1,000,000 for 55+
8.26%
8.20%
+
1,303
R5,000,000 for 18+
8.26%
8.20%
+
6,513
R5,000,000 for 55+
8.26%
8.20%
+
6,513
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above FNB.
    A negative amount means that FNB offers more than Standard Bank.
How to read this table?

You get a 8.26% interest rate at Standard Bank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.20%. Over 2 years you will earn R6,513 more in interest at Standard Bank compared FNB.

3 year fixed deposit interest rates compared

Standard Bank vs FNB

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

Investment amount Standard Bank1FNB1 Winner 2
R10,000 for 18+
7.66%
7.90%
-
-91
R10,000 for 55+
8.16%
7.90%
+
99
R100,000 for 18+
8.13%
7.90%
+
880
R100,000 for 55+
8.13%
7.90%
+
880
R250,000 for 18+
8.13%
8.00%
+
1,233
R250,000 for 55+
8.13%
8.00%
+
1,233
R1,000,000 for 18+
8.13%
8.20%
-
-2,824
R1,000,000 for 55+
8.13%
8.20%
-
-2,824
R5,000,000 for 18+
8.13%
8.20%
-
-14,121
R5,000,000 for 55+
8.13%
8.20%
-
-14,121
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above FNB.
    A negative amount means that FNB offers more than Standard Bank.
How to read this table?

You get a 8.13% interest rate at Standard Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.20%. Over 3 years you will earn R14,121 less in interest at Standard Bank compared FNB.

5 year fixed deposit interest rates compared

Standard Bank vs FNB

This table shows Standard Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
7.86%
8.30%
-
-324
R10,000 for 55+
8.36%
8.30%
+
49
R100,000 for 18+
8.85%
8.30%
+
4,222
R100,000 for 55+
8.85%
8.30%
+
4,222
R250,000 for 18+
8.85%
8.40%
+
8,638
R250,000 for 55+
8.85%
8.40%
+
8,638
R1,000,000 for 18+
8.85%
8.60%
+
19,116
R1,000,000 for 55+
8.85%
8.60%
+
19,116
R5,000,000 for 18+
8.85%
8.60%
+
95,580
R5,000,000 for 55+
8.85%
8.60%
+
95,580
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above FNB.
    A negative amount means that FNB offers more than Standard Bank.
How to read this table?

You get a 8.85% interest rate at Standard Bank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.60%. Over 5 years you will earn R95,580 more in interest at Standard Bank compared FNB.