Standard Bank vs Sasfin

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to Sasfin interest rates. All the interest rates shown are sourced from the Standard Bank 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 2nd September 2024.

How do Standard Bank fixed deposit interest rates compare to Sasfin ?

You are more likely to find better interest rates at Sasfin than Standard Bank. Specifically, 0 out of 100 interest rates are better at Standard Bank 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)

Standard Bank
8.49%
best rate
Sasfin
10.25%
best rate

The best interest rate you can get at Standard Bank is 8.49% for the 60-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 10.25% for the 60-month fixed deposit. You will need a minimum deposit of R20,000 .

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

6 month fixed deposit interest rates compared

Standard Bank vs Sasfin

This table shows Standard Bank'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 Standard Bank1Sasfin1 Winner 2
R100,000 for 18+
7.98%
8.66%
-
-350
R100,000 for 55+
7.98%
8.66%
-
-350
R250,000 for 18+
7.98%
8.66%
-
-875
R250,000 for 55+
7.98%
8.66%
-
-875
R1,000,000 for 18+
8.08%
8.66%
-
-2,973
R1,000,000 for 55+
8.08%
8.66%
-
-2,973
R5,000,000 for 18+
8.15%
8.66%
-
-13,186
R5,000,000 for 55+
8.15%
8.66%
-
-13,186
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Sasfin.
    A negative amount means that Sasfin offers more than Standard Bank.
How to read this table?

You get a 8.15% interest rate at Standard Bank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 8.66%. Over 6 months you will earn R13,186 less in interest at Standard Bank compared Sasfin.

1 year fixed deposit interest rates compared

Standard Bank vs Sasfin

This table shows Standard Bank'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 Standard Bank1Sasfin1 Winner 2
R100,000 for 18+
7.95%
9.50%
-
-1,670
R100,000 for 55+
7.95%
9.50%
-
-1,670
R250,000 for 18+
7.95%
9.50%
-
-4,175
R250,000 for 55+
7.95%
9.50%
-
-4,175
R1,000,000 for 18+
8.06%
9.50%
-
-15,600
R1,000,000 for 55+
8.06%
9.50%
-
-15,600
R5,000,000 for 18+
8.12%
9.50%
-
-74,500
R5,000,000 for 55+
8.12%
9.50%
-
-74,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Sasfin.
    A negative amount means that Sasfin offers more than Standard Bank.
How to read this table?

You get a 8.12% interest rate at Standard Bank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 9.50%. Over 12 months you will earn R74,500 less in interest at Standard Bank compared Sasfin.

3 year fixed deposit interest rates compared

Standard Bank vs Sasfin

This table shows Standard Bank's and Sasfin'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 Bank1Sasfin1 Winner 2
R100,000 for 18+
8.03%
10.00%
-
-7,684
R100,000 for 55+
8.03%
10.00%
-
-7,684
R250,000 for 18+
8.03%
10.00%
-
-19,210
R250,000 for 55+
8.03%
10.00%
-
-19,210
R1,000,000 for 18+
8.03%
10.00%
-
-76,839
R1,000,000 for 55+
8.03%
10.00%
-
-76,839
R5,000,000 for 18+
8.03%
10.00%
-
-384,197
R5,000,000 for 55+
8.03%
10.00%
-
-384,197
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Sasfin.
    A negative amount means that Sasfin offers more than Standard Bank.
How to read this table?

You get a 8.03% interest rate at Standard Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 10.00%. Over 3 years you will earn R384,197 less in interest at Standard Bank compared Sasfin.

5 year fixed deposit interest rates compared

Standard Bank vs Sasfin

This table shows Standard Bank'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 Standard Bank1Sasfin1 Winner 2
R100,000 for 18+
8.39%
10.25%
-
-14,720
R100,000 for 55+
8.39%
10.25%
-
-14,720
R250,000 for 18+
8.39%
10.25%
-
-36,801
R250,000 for 55+
8.39%
10.25%
-
-36,801
R1,000,000 for 18+
8.39%
10.25%
-
-147,204
R1,000,000 for 55+
8.39%
10.25%
-
-147,204
R5,000,000 for 18+
8.39%
10.25%
-
-736,022
R5,000,000 for 55+
8.39%
10.25%
-
-736,022
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Sasfin.
    A negative amount means that Sasfin offers more than Standard Bank.
How to read this table?

You get a 8.39% interest rate at Standard Bank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 10.25%. Over 5 years you will earn R736,022 less in interest at Standard Bank compared Sasfin.

How do Standard Bank interest rates compare to other banks?