Standard Bank Fixed Deposit Review for December 2024

Last updated 2nd December 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 December 2024 by Walter

R10,000
min deposit
8.48%
best rate

Here are Standard Bank's best fixed deposit rates

The best interest rate you can get at Standard Bank is 8.48% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 .

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

# Min deposit Term Nominal
1 R100,000 60 months 8.48%
2 R10,000 P60 months 8.38%
3 R1 P60 months 8.28%
4 R5,000,000 12 months 8.27%
5 R100,000 48 months 8.24%
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+6.83% 7.64%
-
-21
R10,000 for 55+7.33% 7.65%
-
-8
R100,000 for 18+7.53% 7.68%
-
-37
R100,000 for 55+7.53% 7.67%
-
-34
R250,000 for 18+7.53% 7.68%
-
-91
R250,000 for 55+7.53% 7.70%
-
-106
R1,000,000 for 18+7.63% 7.74%
-
-285
R1,000,000 for 55+7.63% 7.77%
-
-352
R5,000,000 for 18+7.70% 7.73%
-
-344
R5,000,000 for 55+7.70% 7.72%
-
-241
How to read this table?

You get a 6.83% 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 7.64%. Over 3 months you will earn R21 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+7.00% 8.03%
-
-53
R10,000 for 55+7.50% 7.94%
-
-23
R100,000 for 18+7.80% 8.07%
-
-137
R100,000 for 55+7.80% 7.97%
-
-85
R250,000 for 18+7.80% 8.10%
-
-378
R250,000 for 55+7.80% 8.00%
-
-254
R1,000,000 for 18+7.91% 8.14%
-
-1,185
R1,000,000 for 55+7.91% 8.07%
-
-857
R5,000,000 for 18+7.97% 8.12%
-
-3,813
R5,000,000 for 55+7.97% 8.05%
-
-1,935
How to read this table?

You get a 7% 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 8.03%. Over 6 months you will earn R53 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+7.14% 8.34%
-
-128
R10,000 for 55+7.64% 8.33%
-
-74
R100,000 for 18+8.09% 8.43%
-
-367
R100,000 for 55+8.09% 8.41%
-
-336
R250,000 for 18+8.09% 8.46%
-
-987
R250,000 for 55+8.09% 8.44%
-
-946
R1,000,000 for 18+8.20% 8.49%
-
-3,185
R1,000,000 for 55+8.20% 8.51%
-
-3,343
R5,000,000 for 18+8.27% 8.50%
-
-12,318
R5,000,000 for 55+8.27% 8.51%
-
-13,000
How to read this table?

You get a 7.14% 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 8.34%. Over 12 months you will earn R128 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+7.43% 8.24%
-
-184
R10,000 for 55+7.93% 8.20%
-
-62
R100,000 for 18+8.03% 8.24%
-
-457
R100,000 for 55+8.03% 8.23%
-
-434
R250,000 for 18+8.03% 8.28%
-
-1,385
R250,000 for 55+8.03% 8.26%
-
-1,296
R1,000,000 for 18+8.03% 8.31%
-
-6,406
R1,000,000 for 55+8.03% 8.34%
-
-7,047
R5,000,000 for 18+8.03% 8.34%
-
-35,018
R5,000,000 for 55+8.03% 8.36%
-
-38,269
How to read this table?

You get a 7.43% 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 8.24%. Over 2 years you will earn R184 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+7.49% 8.38%
-
-332
R10,000 for 55+7.99% 8.33%
-
-125
R100,000 for 18+8.09% 8.49%
-
-1,458
R100,000 for 55+8.09% 8.45%
-
-1,304
R250,000 for 18+8.09% 8.53%
-
-4,031
R250,000 for 55+8.09% 8.48%
-
-3,613
R1,000,000 for 18+8.09% 8.56%
-
-17,536
R1,000,000 for 55+8.09% 8.56%
-
-17,518
R5,000,000 for 18+8.09% 8.61%
-
-96,274
R5,000,000 for 55+8.09% 8.56%
-
-90,726
How to read this table?

You get a 7.49% 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 8.38%. Over 3 years you will earn R332 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+7.88% 8.96%
-
-806
R10,000 for 55+8.38% 8.92%
-
-408
R100,000 for 18+8.48% 9.02%
-
-4,047
R100,000 for 55+8.48% 8.98%
-
-3,748
R250,000 for 18+8.48% 9.05%
-
-10,787
R250,000 for 55+8.48% 9.01%
-
-9,999
R1,000,000 for 18+8.48% 9.08%
-
-45,533
R1,000,000 for 55+8.48% 9.08%
-
-45,200
R5,000,000 for 18+8.48% 9.11%
-
-236,074
R5,000,000 for 55+8.48% 9.04%
-
-216,553
How to read this table?

You get a 7.88% 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 8.96%. Over 5 years you will earn R806 less in interest at Standard Bank compared to the average bank.