Sasfin Fixed Deposit Review for March 2024

Last updated 2nd March24 by Walter

Introduction

This page summarises all the fixed deposits offered by Sasfin. All the rates shown are sourced from the Sasfin website - sasfin.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 Sasfin fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Sasfin fixed deposits highlights

last updated 2nd March24 by Walter

R20,000
min deposit
10.25%
best rate

Here are Sasfin's best fixed deposit rates

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

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

# Min deposit Term Nominal
1 R20,000 60 months 10.25%
2 R20,000 36 months 10.00%
3 R20,000 12 months 9.50%
4 R20,000 6 months 8.66%
P
only individuals older than 55 qualify

Sasfin 6 month fixed deposit

This table shows Sasfin'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
R100,000 for 18+8.66% 8.56%
+
48
R100,000 for 55+8.66% 8.63%
+
14
R250,000 for 18+8.66% 8.59%
+
82
R250,000 for 55+8.66% 8.65%
+
7
R1,000,000 for 18+8.66% 8.65%
+
62
R1,000,000 for 55+8.66% 8.70%
-
-242
R5,000,000 for 18+8.66% 8.71%
-
-1,257
R5,000,000 for 55+8.66% 8.79%
-
-3,288
How to read this table?

You get a 8.66% interest rate at Sasfin for a R100,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.56%. Over 6 months you will earn R48 more in interest at Sasfin compared to the average bank.

Sasfin 1 year fixed deposit

This table shows Sasfin'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
R100,000 for 18+9.50% 9.07%
+
458
R100,000 for 55+9.50% 9.13%
+
397
R250,000 for 18+9.50% 9.10%
+
1,088
R250,000 for 55+9.50% 9.18%
+
873
R1,000,000 for 18+9.50% 9.12%
+
4,042
R1,000,000 for 55+9.50% 9.21%
+
3,136
R5,000,000 for 18+9.50% 9.15%
+
18,550
R5,000,000 for 55+9.50% 9.25%
+
13,111
How to read this table?

You get a 9.5% interest rate at Sasfin for a R100,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 9.07%. Over 12 months you will earn R458 more in interest at Sasfin compared to the average bank.

Sasfin 3 year fixed deposit

This table shows Sasfin'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
R100,000 for 18+10.00% 9.01%
+
3,955
R100,000 for 55+10.00% 9.12%
+
3,550
R250,000 for 18+10.00% 9.06%
+
9,460
R250,000 for 55+10.00% 9.15%
+
8,608
R1,000,000 for 18+10.00% 9.08%
+
36,873
R1,000,000 for 55+10.00% 9.19%
+
32,914
R5,000,000 for 18+10.00% 9.12%
+
177,528
R5,000,000 for 55+10.00% 9.17%
+
163,966
How to read this table?

You get a 10% interest rate at Sasfin for a R100,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 9.01%. Over 3 years you will earn R3,955 more in interest at Sasfin compared to the average bank.

Sasfin 5 year fixed deposit

This table shows Sasfin'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
R100,000 for 18+10.25% 9.64%
+
5,111
R100,000 for 55+10.25% 9.70%
+
4,629
R250,000 for 18+10.25% 9.68%
+
12,021
R250,000 for 55+10.25% 9.75%
+
10,678
R1,000,000 for 18+10.25% 9.70%
+
46,451
R1,000,000 for 55+10.25% 9.77%
+
40,512
R5,000,000 for 18+10.25% 9.73%
+
222,067
R5,000,000 for 55+10.25% 9.71%
+
221,421
How to read this table?

You get a 10.25% interest rate at Sasfin for a R100,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 9.64%. Over 5 years you will earn R5,111 more in interest at Sasfin compared to the average bank.

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