Standard Bank Fixed Deposit Review for May 2025

Last updated 2nd May 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 May 2025 by Walter

R10,000
min deposit
8.51%
best rate

Here are Standard Bank's best fixed deposit rates

The best interest rate you can get at Standard Bank is 8.51% 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 8.51%
2 R1 P60 months 8.41%
3 R10,000 P48 months 8.23%
4 R1 P48 months 8.13%
5 R100,000 48 months 8.10%
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+6.73% 7.33%
-
-15
R10,000 for 55+7.23% 7.28%
-
-1
R100,000 for 18+7.26% 7.37%
-
-27
R100,000 for 55+7.26% 7.37%
-
-26
R250,000 for 18+7.26% 7.37%
-
-68
R250,000 for 55+7.26% 7.41%
-
-92
R1,000,000 for 18+7.36% 7.43%
-
-181
R1,000,000 for 55+7.36% 7.47%
-
-275
R5,000,000 for 18+7.43% 7.43%
+
4
R5,000,000 for 55+7.43% 7.45%
-
-193
How to read this table?

You get a 6.73% 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 7.33%. Over 3 months you will earn R15 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+6.78% 7.64%
-
-44
R10,000 for 55+7.28% 7.55%
-
-14
R100,000 for 18+7.31% 7.62%
-
-162
R100,000 for 55+7.31% 7.62%
-
-162
R250,000 for 18+7.31% 7.61%
-
-387
R250,000 for 55+7.31% 7.66%
-
-456
R1,000,000 for 18+7.41% 7.67%
-
-1,325
R1,000,000 for 55+7.41% 7.73%
-
-1,624
R5,000,000 for 18+7.49% 7.71%
-
-5,612
R5,000,000 for 55+7.49% 7.72%
-
-6,099
How to read this table?

You get a 6.78% 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 7.64%. Over 6 months you will earn R44 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+7.00% 7.95%
-
-102
R10,000 for 55+7.50% 7.90%
-
-43
R100,000 for 18+7.38% 7.95%
-
-611
R100,000 for 55+7.38% 7.97%
-
-632
R250,000 for 18+7.38% 7.95%
-
-1,527
R250,000 for 55+7.38% 8.03%
-
-1,742
R1,000,000 for 18+7.49% 7.99%
-
-5,400
R1,000,000 for 55+7.49% 8.10%
-
-6,520
R5,000,000 for 18+7.56% 8.02%
-
-24,364
R5,000,000 for 55+7.56% 8.09%
-
-28,077
How to read this table?

You get a 7% 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 7.95%. Over 12 months you will earn R102 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+7.40% 7.97%
-
-127
R10,000 for 55+7.90% 7.90%
+
3
R100,000 for 18+7.75% 7.97%
-
-480
R100,000 for 55+7.75% 7.93%
-
-402
R250,000 for 18+7.75% 8.01%
-
-1,436
R250,000 for 55+7.75% 7.99%
-
-1,310
R1,000,000 for 18+7.75% 8.04%
-
-6,568
R1,000,000 for 55+7.75% 8.06%
-
-6,891
R5,000,000 for 18+7.75% 8.06%
-
-34,396
R5,000,000 for 55+7.75% 8.01%
-
-30,531
How to read this table?

You get a 7.4% 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 7.97%. Over 2 years you will earn R127 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+7.51% 8.11%
-
-221
R10,000 for 55+8.01% 8.04%
-
-7
R100,000 for 18+7.87% 8.13%
-
-943
R100,000 for 55+7.87% 8.08%
-
-756
R250,000 for 18+7.87% 8.18%
-
-2,771
R250,000 for 55+7.87% 8.14%
-
-2,429
R1,000,000 for 18+7.87% 8.22%
-
-12,556
R1,000,000 for 55+7.87% 8.21%
-
-12,580
R5,000,000 for 18+7.87% 8.23%
-
-64,871
R5,000,000 for 55+7.87% 8.15%
-
-53,585
How to read this table?

You get a 7.51% 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 8.11%. Over 3 years you will earn R221 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+8.01% 8.79%
-
-587
R10,000 for 55+8.51% 8.68%
-
-126
R100,000 for 18+8.41% 8.78%
-
-2,759
R100,000 for 55+8.41% 8.70%
-
-2,165
R250,000 for 18+8.41% 8.81%
-
-7,598
R250,000 for 55+8.41% 8.74%
-
-6,296
R1,000,000 for 18+8.41% 8.85%
-
-32,824
R1,000,000 for 55+8.41% 8.81%
-
-30,391
R5,000,000 for 18+8.41% 8.84%
-
-158,924
R5,000,000 for 55+8.41% 8.68%
-
-105,001
How to read this table?

You get a 8.01% 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 8.79%. Over 5 years you will earn R587 less in interest at Standard Bank compared to the average bank.