R10k
see best interest rates for R10'000
R100k
see best interest rates for R100'000
R1m
see best interest rates for R1'000'000
Custom
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Best 1 year Fixed Deposit Rates for April 2024 | R1,000,000 investment
These are the best 1 year fixed deposit rates for individuals younger than 55 looking to invest R1,000,000.
| # | Bank | Min Age | Min Deposit | Nominal | Total interest * |
|---|---|---|---|---|---|
| 1 | 18 | R1 | 10.48% | R110.0k | |
| 2 | 18 | R20k | 9.5% | R99.2k | |
| 3 | 18 | R1m | 9.5% | R99.2k | |
| 4 | 18 | R250k | 9.3% | R97.1k | |
| 5 | 18 | R500 | 9.11% | R95.0k | |
| 6 | 18 | R10k | 9.11% | R95.0k | |
| 7 | 18 | R1m | 9.05% | R94.3k | |
| 8 | 18 | R100k | 9.05% | R94.3k | |
| 9 | 18 | R1m | 9% | R93.8k | |
| 10 | 18 | R10k | 8.9% | R92.7k | |
| 11 | 18 | R1m | 8.7% | R90.6k | |
| 12 | 18 | R1m | 8.7% | R90.6k | |
| 13 | 18 | R1m | 8.68% | R90.3k |
(*) Total interest: estimated total interest earned for a R1,000,000
investment. Interest paid out at maturity