FNB Fixed Deposit Review for October 2024

Last updated 2nd October 2024 by Walter

Introduction

This page summarises all the fixed deposits offered by FNB. All the rates shown are sourced from the FNB website - fnb.co.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The FNB fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

FNB fixed deposits highlights

last updated 2nd October 2024 by Walter

R10,000
min deposit
8.60%
best rate

Here are FNB's best fixed deposit rates

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

Here are FNB's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R1,000,000 60 months 8.60%
2 R500,000 60 months 8.50%
3 R250,000 60 months 8.40%
4 R10,000 60 months 8.30%
5 R1,000,000 12 months 8.25%
P
only individuals older than 55 qualify

FNB 3 month fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.30% 7.90%
-
-15
R10,000 for 55+7.30% 8.05%
-
-19
R100,000 for 18+7.30% 7.98%
-
-172
R100,000 for 55+7.30% 8.09%
-
-201
R250,000 for 18+7.40% 7.97%
-
-356
R250,000 for 55+7.40% 8.10%
-
-444
R1,000,000 for 18+7.60% 8.02%
-
-1,064
R1,000,000 for 55+7.60% 8.13%
-
-1,338
R5,000,000 for 18+7.60% 8.03%
-
-5,420
R5,000,000 for 55+7.60% 8.11%
-
-6,480
How to read this table?

You get a 7.3% interest rate at FNB for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.90%. Over 3 months you will earn R15 less in interest at FNB compared to the average bank.

FNB 6 month fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.45% 8.32%
-
-45
R10,000 for 55+7.45% 8.39%
-
-48
R100,000 for 18+7.45% 8.38%
-
-481
R100,000 for 55+7.45% 8.40%
-
-491
R250,000 for 18+7.55% 8.40%
-
-1,099
R250,000 for 55+7.55% 8.42%
-
-1,116
R1,000,000 for 18+7.75% 8.42%
-
-3,486
R1,000,000 for 55+7.75% 8.44%
-
-3,561
R5,000,000 for 18+7.75% 8.42%
-
-17,372
R5,000,000 for 55+7.75% 8.44%
-
-17,813
How to read this table?

You get a 7.45% interest rate at FNB for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.32%. Over 6 months you will earn R45 less in interest at FNB compared to the average bank.

FNB 1 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.95% 8.57%
-
-66
R10,000 for 55+7.95% 8.68%
-
-79
R100,000 for 18+7.95% 8.70%
-
-811
R100,000 for 55+7.95% 8.77%
-
-877
R250,000 for 18+8.05% 8.72%
-
-1,825
R250,000 for 55+8.05% 8.79%
-
-2,000
R1,000,000 for 18+8.25% 8.74%
-
-5,277
R1,000,000 for 55+8.25% 8.81%
-
-6,025
R5,000,000 for 18+8.25% 8.77%
-
-28,409
R5,000,000 for 55+8.25% 8.86%
-
-32,850
How to read this table?

You get a 7.95% interest rate at FNB for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 8.57%. Over 12 months you will earn R66 less in interest at FNB compared to the average bank.

FNB 2 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.90% 8.31%
-
-93
R10,000 for 55+7.90% 8.38%
-
-110
R100,000 for 18+7.90% 8.33%
-
-980
R100,000 for 55+7.90% 8.38%
-
-1,100
R250,000 for 18+8.00% 8.36%
-
-2,073
R250,000 for 55+8.00% 8.40%
-
-2,275
R1,000,000 for 18+8.20% 8.37%
-
-3,740
R1,000,000 for 55+8.20% 8.42%
-
-4,677
R5,000,000 for 18+8.20% 8.36%
-
-17,519
R5,000,000 for 55+8.20% 8.48%
-
-32,080
How to read this table?

You get a 7.9% interest rate at FNB for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.31%. Over 2 years you will earn R93 less in interest at FNB compared to the average bank.

FNB 3 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.90% 8.42%
-
-195
R10,000 for 55+7.90% 8.50%
-
-225
R100,000 for 18+7.90% 8.55%
-
-2,473
R100,000 for 55+7.90% 8.61%
-
-2,681
R250,000 for 18+8.00% 8.59%
-
-5,562
R250,000 for 55+8.00% 8.63%
-
-5,924
R1,000,000 for 18+8.20% 8.60%
-
-14,978
R1,000,000 for 55+8.20% 8.65%
-
-16,687
R5,000,000 for 18+8.20% 8.58%
-
-69,619
R5,000,000 for 55+8.20% 8.74%
-
-103,183
How to read this table?

You get a 7.9% interest rate at FNB for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.42%. Over 3 years you will earn R195 less in interest at FNB compared to the average bank.

FNB 5 year fixed deposit

This table shows FNB's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.30% 8.97%
-
-506
R10,000 for 55+8.30% 9.09%
-
-597
R100,000 for 18+8.30% 9.07%
-
-5,907
R100,000 for 55+8.30% 9.14%
-
-6,364
R250,000 for 18+8.40% 9.11%
-
-13,527
R250,000 for 55+8.40% 9.16%
-
-14,414
R1,000,000 for 18+8.60% 9.12%
-
-39,551
R1,000,000 for 55+8.60% 9.17%
-
-43,485
R5,000,000 for 18+8.60% 9.09%
-
-187,221
R5,000,000 for 55+8.60% 9.19%
-
-228,766
How to read this table?

You get a 8.3% interest rate at FNB for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.97%. Over 5 years you will earn R506 less in interest at FNB compared to the average bank.