Fedgroup Interest Rate Review for May 2024
Last updated 1st May 2024 by Walter
Introduction
This page gives you an overview of Fedgroup interest rates for May 2024. Fedgroup offers:
- Fixed deposits. The interest rate for a fixed deposit investment does not fluctuate and is instead fixed throughout your investment period.
Fedgroup interest rate overview for savings, notice accounts and fixed deposits
Here is a table of interest rates available at Fedgroup. It shows the type of account, deposit and interest rate you can get.
| Name | Deposit | Nominal rate |
| Savings | ||
| Fedgroup does not offer any savings accounts | ||
| Notice accounts | ||
| Fedgroup does not offer any notice accounts | ||
| Fixed deposits | ||
60 month | R5k | 9.9% |
Check out the full Fedgroup fixed deposit review for May 2024 | ||
Fixed deposits
- Fedgroup 60 month fixed deposit currently pays an interest rate of 9.9% for balances over R5.0k
Fixed deposits typically pay better rates than savings and notice accounts. Your rate is fixed throughout the term.
PS. Check out my Fedgroup fixed deposit calculator to find out how much interest you can earn compared to other banks for your investment amount.
