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Best 1 year Fixed Deposit Rates for October 2024 | R10,000 investment
These are the best 1 year fixed deposit rates for individuals older than 55 looking to invest R10,000.
| # | Bank | Min Age | Min Deposit | Nominal | Total interest * |
|---|---|---|---|---|---|
| 1 | 55 | R1 | 9.57% | R1.0k | |
| 2 | 55 | R1k | 9.2% | R960.0 | |
| 3 | 55 | R500 | 9.11% | R950.0 | |
| 4 | 55 | R500 | 8.98% | R936.0 | |
| 5 | 55 | R10k | 8.88% | R925.0 | |
| 6 | 55 | R10k | 8.5% | R884.0 | |
| 7 | 55 | R1k | 8.3% | R862.0 | |
| 8 | 55 | R1k | 8.3% | R862.0 | |
| 9 | 55 | R10k | 8.3% | R862.0 | |
| 10 | 55 | R10k | 7.95% | R825.0 | |
| 11 | 55 | R10k | 7.68% | R796.0 |
(*) Total interest: estimated total interest earned for a R10,000
investment. Interest paid out at maturity