Standard Bank Interest Rate Review for May 2025

Last updated 2nd May 2025 by Walter

Introduction

This page gives you an overview of Standard Bank interest rates for May 2025. Standard Bank offers:

  • Savings accounts. Saving accounts give you quick and easy access to your money.
  • Fixed deposits. The interest rate for a fixed deposit investment does not fluctuate and is instead fixed throughout your investment period.

The main difference between these two options is ease of access to your money. Savings accounts will provide you with near instant access, but in return you get a lower rate of interest . Notice accounts will provide better interest rates, but you will need to give Standard Bank notice before getting access to your money. Fixed deposits generally pay the best interest, but you commit your money for a fixed term. In case you do need to withdraw, you can still get access before your term is over but will have to pay a penalty.

Standard Bank interest rate overview for savings, notice accounts and fixed deposits

Here is a table of interest rates available at Standard Bank. It shows the type of account, deposit and interest rate you can get.

Name Deposit Nominal rate
Savings
R0 - 100k
4.75 - 5.05%
R20k - 100k
6.25 - 6.35%
R100k - 250k
7.55 - 7.9%
Notice accounts
Standard Bank does not offer any notice accounts
Fixed deposits
3 month
R1 - 5m
6.63%- 7.43%
6 month
R1 - 5m
6.68%- 7.49%
12 month
R1 - 5m
6.9%- 7.56%
24 month
R1 - 10k
7.3%- 7.9%
36 month
R1 - 10k
7.41%- 8.01%
60 month
R1 - 10k
7.91%- 8.51%
Savings

Standard Bank offers three types of savings accounts.

Remember the primary benefit of a savings account is easy and quick access to your money.
Fixed deposits

  • Standard Bank 3 month fixed deposit pays interest from 6.63% and up to 7.43% - for balances over R5.0m
  • Standard Bank 6 month fixed deposit pays interest from 6.68% and up to 7.49% - for balances over R5.0m
  • Standard Bank 12 month fixed deposit pays interest from 6.9% and up to 7.56% - for balances over R5.0m
  • Standard Bank 24 month fixed deposit pays interest from 7.3% and up to 7.9% - for balances over R10.0k
  • Standard Bank 36 month fixed deposit pays interest from 7.41% and up to 8.01% - for balances over R10.0k
  • Standard Bank 60 month fixed deposit pays interest from 7.91% and up to 8.51% - for balances over R10.0k

Fixed deposits typically pay better rates than savings and notice accounts. Your rate is fixed throughout the term.
PS. Check out my Standard Bank fixed deposit calculator to find out how much interest you can earn compared to other banks for your investment amount.