Best 1 year Fixed Deposit Rates for July 2026 | 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	GoTyme Bank GoTyme Bank Fixed Deposit	18	R1	8.42%	R1.1m
2	GoTyme Bank GoTyme Bank Fixed Deposit	55	R1	8.42%	R1.1m
3	Investec Investec PrimeLinked Fixed Deposit	18	R100k	8.03%	R1.1m
4	Investec Investec PrimeLinked Fixed Deposit	18	R100k	8.03%	R1.1m
5	Investec Investec PrimeLinked Fixed Deposit	18	R1m	8.03%	R1.1m
6	Bidvest Bidvest Fixed Deposit	18	R1	7.72%	R1.1m
7	Absa Absa Tax Free Fixed Deposit	18	R30k	7.6%	R1.1m
8	Investec Investec Fixed Deposit Special	55	R100k	7.6%	R1.1m
9	Investec Investec Tax Free Fixed Deposit	18	R100k	7.59%	R1.1m
10	Investec Investec Fixed Deposit Special	18	R100k	7.5%	R1.1m
11	African Bank African Bank Fixed Deposit	18	R1m	7.49%	R1.1m
12	African Bank African Bank Fixed Deposit	55	R1m	7.49%	R1.1m
13	Absa Absa Dynamic Fixed Deposit	18	R1m	7.45%	R1.1m
14	Absa Absa Dynamic Senior Fixed Deposit	55	R1m	7.45%	R1.1m
15	Standard Bank Standard Bank Fixed Deposit	18	R1m	7.4%	R1.1m
16	Standard Bank Standard Bank Fixed Deposit	55	R1m	7.4%	R1.1m
17	Discovery Discovery Fixed Deposit Account	18	R10k	7.4%	R1.1m
18	Discovery Discovery Fixed Deposit Account	55	R10k	7.4%	R1.1m
19	FNB FNB Senior Preferential Fixed Deposit	55	R1m	7.4%	R1.1m
20	Nedbank Nedbank Platinum Fixed Deposit	18	R250k	7.4%	R1.1m
21	Nedbank Nedbank Electronic OptimumPlus	55	R1m	7.4%	R1.1m
22	Investec Investec Fixed Term Deposit	18	R100k	7.39%	R1.1m
23	Investec Investec Fixed Term Deposit	18	R250k	7.39%	R1.1m
24	Capitec Capitec Fixed-Term Savings	18	R1m	7.3%	R1.1m
25	Nedbank Nedbank Electronic Fixed Deposit	18	R1m	7.3%	R1.1m
26	Nedbank Nedbank Tax-free Fixed Deposit	18	R1m	7.3%	R1.1m
27	African Bank African Bank Tax Free Investment (12 Months)	18	R250k	7.26%	R1.1m
28	African Bank African Bank Tax Free Investment (12 Months)	55	R250k	7.26%	R1.1m
29	Access Bank Plc Access Bank Fixed Deposit	18	R1m	7.25%	R1.1m
30	Access Bank Plc Access Bank Fixed Deposit	55	R1m	7.25%	R1.1m
31	Absa Absa Senior Digital Bonus Fixed Deposit	55	R1m	7.2%	R1.1m
32	FNB FNB Senior Fixed Deposit	55	R1m	7.15%	R1.1m
33	Absa Absa Standard Digital Bonus Fixed Deposit	18	R1m	7.1%	R1.1m
34	FNB FNB Fixed Deposit	18	R1m	7.05%	R1.1m

(*) Total interest: estimated total interest earned for a R1,000,000 investment. Interest paid out at maturity