Standard Bank Fixed Deposit Review for March 2025

Last updated 2nd March 2025 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 March 2025 by Walter

R10,000
min deposit
8.69%
best rate

Here are Standard Bank's best fixed deposit rates

The best interest rate you can get at Standard Bank is 8.69% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

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

# Min deposit Term Nominal
1 R10,000 P60 months 8.69%
2 R1 P60 months 8.59%
3 R10,000 P48 months 8.40%
4 R1 P48 months 8.30%
5 R10,000 60 months 8.19%
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+6.74% 7.44%
-
-18
R10,000 for 55+7.24% 7.39%
-
-4
R100,000 for 18+7.34% 7.44%
-
-25
R100,000 for 55+7.34% 7.45%
-
-27
R250,000 for 18+7.34% 7.44%
-
-63
R250,000 for 55+7.34% 7.49%
-
-98
R1,000,000 for 18+7.43% 7.50%
-
-174
R1,000,000 for 55+7.43% 7.55%
-
-308
R5,000,000 for 18+7.51% 7.50%
+
124
R5,000,000 for 55+7.51% 7.53%
-
-253
How to read this table?

You get a 6.74% 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 7.44%. Over 3 months you will earn R18 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+6.84% 7.81%
-
-50
R10,000 for 55+7.34% 7.70%
-
-19
R100,000 for 18+7.43% 7.82%
-
-202
R100,000 for 55+7.43% 7.76%
-
-168
R250,000 for 18+7.43% 7.85%
-
-540
R250,000 for 55+7.43% 7.80%
-
-472
R1,000,000 for 18+7.53% 7.88%
-
-1,813
R1,000,000 for 55+7.53% 7.86%
-
-1,692
R5,000,000 for 18+7.61% 7.88%
-
-6,972
R5,000,000 for 55+7.61% 7.85%
-
-6,319
How to read this table?

You get a 6.84% 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 7.81%. Over 6 months you will earn R50 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+7.10% 8.16%
-
-113
R10,000 for 55+7.60% 8.11%
-
-55
R100,000 for 18+7.66% 8.18%
-
-551
R100,000 for 55+7.66% 8.16%
-
-535
R250,000 for 18+7.66% 8.21%
-
-1,450
R250,000 for 55+7.66% 8.21%
-
-1,467
R1,000,000 for 18+7.77% 8.24%
-
-5,067
R1,000,000 for 55+7.77% 8.27%
-
-5,420
R5,000,000 for 18+7.83% 8.24%
-
-21,600
R5,000,000 for 55+7.83% 8.27%
-
-23,308
How to read this table?

You get a 7.1% 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 8.16%. Over 12 months you will earn R113 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+7.55% 8.16%
-
-137
R10,000 for 55+8.05% 8.08%
-
-4
R100,000 for 18+8.06% 8.16%
-
-206
R100,000 for 55+8.06% 8.11%
-
-106
R250,000 for 18+8.06% 8.19%
-
-728
R250,000 for 55+8.06% 8.16%
-
-554
R1,000,000 for 18+8.06% 8.23%
-
-3,706
R1,000,000 for 55+8.06% 8.23%
-
-3,788
R5,000,000 for 18+8.06% 8.24%
-
-20,313
R5,000,000 for 55+8.06% 8.18%
-
-14,910
How to read this table?

You get a 7.55% 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 8.16%. Over 2 years you will earn R137 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+7.67% 8.35%
-
-250
R10,000 for 55+8.17% 8.25%
-
-25
R100,000 for 18+8.16% 8.35%
-
-680
R100,000 for 55+8.16% 8.27%
-
-383
R250,000 for 18+8.16% 8.40%
-
-2,122
R250,000 for 55+8.16% 8.33%
-
-1,505
R1,000,000 for 18+8.16% 8.44%
-
-10,039
R1,000,000 for 55+8.16% 8.40%
-
-8,946
R5,000,000 for 18+8.16% 8.46%
-
-54,792
R5,000,000 for 55+8.16% 8.35%
-
-36,030
How to read this table?

You get a 7.67% 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 8.35%. Over 3 years you will earn R250 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+8.19% 8.93%
-
-559
R10,000 for 55+8.69% 8.83%
-
-103
R100,000 for 18+8.69% 8.93%
-
-1,810
R100,000 for 55+8.69% 8.86%
-
-1,269
R250,000 for 18+8.69% 8.97%
-
-5,246
R250,000 for 55+8.69% 8.90%
-
-4,062
R1,000,000 for 18+8.69% 9.00%
-
-23,491
R1,000,000 for 55+8.69% 8.97%
-
-21,545
R5,000,000 for 18+8.69% 9.01%
-
-120,153
R5,000,000 for 55+8.69% 8.87%
-
-72,851
How to read this table?

You get a 8.19% 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 8.93%. Over 5 years you will earn R559 less in interest at Standard Bank compared to the average bank.