Standard Bank Fixed Deposit Review for October 2024

Last updated 2nd October 2024 by Walter

Introduction

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

Standard Bank fixed deposits highlights

last updated 2nd October 2024 by Walter

R10,000
min deposit
8.84%
best rate

Here are Standard Bank's best fixed deposit rates

The best interest rate you can get at Standard Bank is 8.84% for the 48-month fixed deposit. You will need a minimum deposit of R5,000,000 and be over the age of 55.

Here are Standard Bank's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R5,000,000 P48 months 8.84%
2 R100,000 60 months 8.46%
3 R10,000 P60 months 8.36%
4 R0 P60 months 8.26%
5 R10,000 P48 months 8.20%
P
only individuals older than 55 qualify

Standard Bank 3 month fixed deposit

This table shows Standard Bank'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+6.93% 7.95%
-
-26
R10,000 for 55+7.43% 8.03%
-
-15
R100,000 for 18+7.63% 7.95%
-
-82
R100,000 for 55+7.63% 8.06%
-
-109
R250,000 for 18+7.63% 7.95%
-
-202
R250,000 for 55+7.63% 8.08%
-
-287
R1,000,000 for 18+7.73% 8.01%
-
-706
R1,000,000 for 55+7.73% 8.11%
-
-971
R5,000,000 for 18+7.80% 8.00%
-
-2,536
R5,000,000 for 55+7.80% 8.08%
-
-3,513
How to read this table?

You get a 6.93% interest rate at Standard Bank for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.95%. Over 3 months you will earn R26 less in interest at Standard Bank compared to the average bank.

Standard Bank 6 month fixed deposit

This table shows Standard Bank'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+7.19% 8.34%
-
-60
R10,000 for 55+7.69% 8.36%
-
-35
R100,000 for 18+7.74% 8.36%
-
-320
R100,000 for 55+7.74% 8.38%
-
-329
R250,000 for 18+7.74% 8.39%
-
-840
R250,000 for 55+7.74% 8.40%
-
-855
R1,000,000 for 18+7.84% 8.42%
-
-2,969
R1,000,000 for 55+7.84% 8.43%
-
-3,040
R5,000,000 for 18+7.91% 8.41%
-
-12,913
R5,000,000 for 55+7.91% 8.42%
-
-13,317
How to read this table?

You get a 7.19% interest rate at Standard Bank for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.34%. Over 6 months you will earn R60 less in interest at Standard Bank compared to the average bank.

Standard Bank 1 year fixed deposit

This table shows Standard Bank'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+7.18% 8.64%
-
-158
R10,000 for 55+7.68% 8.71%
-
-111
R100,000 for 18+7.79% 8.72%
-
-1,005
R100,000 for 55+7.79% 8.78%
-
-1,072
R250,000 for 18+7.79% 8.74%
-
-2,579
R250,000 for 55+7.79% 8.81%
-
-2,758
R1,000,000 for 18+7.89% 8.77%
-
-9,477
R1,000,000 for 55+7.89% 8.84%
-
-10,250
R5,000,000 for 18+7.95% 8.80%
-
-45,864
R5,000,000 for 55+7.95% 8.89%
-
-50,450
How to read this table?

You get a 7.18% interest rate at Standard Bank for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 8.64%. Over 12 months you will earn R158 less in interest at Standard Bank compared to the average bank.

Standard Bank 2 year fixed deposit

This table shows Standard Bank'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+7.39% 8.36%
-
-222
R10,000 for 55+7.89% 8.38%
-
-113
R100,000 for 18+7.99% 8.32%
-
-744
R100,000 for 55+7.99% 8.37%
-
-862
R250,000 for 18+7.99% 8.37%
-
-2,132
R250,000 for 55+7.99% 8.40%
-
-2,334
R1,000,000 for 18+7.99% 8.39%
-
-9,180
R1,000,000 for 55+7.99% 8.44%
-
-10,163
R5,000,000 for 18+7.99% 8.42%
-
-49,191
R5,000,000 for 18+7.99% 8.42%
-
-49,191
R5,000,000 for 55+7.99% 8.50%
-
-60,130
How to read this table?

You get a 7.39% interest rate at Standard Bank for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.36%. Over 2 years you will earn R222 less in interest at Standard Bank compared to the average bank.

Standard Bank 3 year fixed deposit

This table shows Standard Bank'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+7.66% 8.45%
-
-296
R10,000 for 55+8.16% 8.47%
-
-115
R100,000 for 18+7.80% 8.56%
-
-2,894
R100,000 for 55+7.80% 8.62%
-
-3,106
R250,000 for 18+7.80% 8.61%
-
-7,669
R250,000 for 55+7.80% 8.65%
-
-8,048
R1,000,000 for 18+7.80% 8.64%
-
-31,868
R1,000,000 for 55+7.80% 8.69%
-
-33,718
R5,000,000 for 18+7.80% 8.70%
-
-169,474
R5,000,000 for 18+7.80% 8.70%
-
-169,474
R5,000,000 for 55+7.80% 8.79%
-
-190,270
How to read this table?

You get a 7.66% interest rate at Standard Bank for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.45%. Over 3 years you will earn R296 less in interest at Standard Bank compared to the average bank.

Standard Bank 5 year fixed deposit

This table shows Standard Bank'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+7.86% 9.01%
-
-862
R10,000 for 55+8.36% 9.08%
-
-543
R100,000 for 18+8.46% 9.06%
-
-4,553
R100,000 for 55+8.46% 9.12%
-
-5,002
R250,000 for 18+8.46% 9.10%
-
-12,208
R250,000 for 55+8.46% 9.15%
-
-13,088
R1,000,000 for 18+8.46% 9.13%
-
-50,900
R1,000,000 for 55+8.46% 9.18%
-
-54,901
R5,000,000 for 18+8.46% 9.16%
-
-266,513
R5,000,000 for 18+8.46% 9.16%
-
-266,513
R5,000,000 for 55+8.46% 9.20%
-
-287,313
How to read this table?

You get a 7.86% interest rate at Standard Bank for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 9.01%. Over 5 years you will earn R862 less in interest at Standard Bank compared to the average bank.