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Best 1 year Fixed Deposit Rates for April 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 Nominal Total interest *
1
TymeBank
TymeBank Fixed Deposit 		8.75% R1.1m
2
TymeBank
TymeBank Fixed Deposit 		8.75% R1.1m
3
Investec
Investec PrimeLinked Fixed Deposit 		7.78% R1.1m
4
Investec
Investec PrimeLinked Fixed Deposit 		7.78% R1.1m
5
Investec
Investec PrimeLinked Fixed Deposit 		7.78% R1.1m
6
Bidvest
Bidvest Fixed Deposit 		7.67% R1.1m
7
Investec
Investec Fixed Deposit Special 		7.6% R1.1m
8
Investec
Investec Tax Free Fixed Deposit 		7.52% R1.1m
9
Investec
Investec Fixed Deposit Special 		7.5% R1.1m
10
Absa
Absa Dynamic Senior Fixed Deposit 		7.35% R1.1m
11
Investec
Investec Fixed Term Deposit 		7.34% R1.1m
12
Investec
Investec Fixed Term Deposit 		7.34% R1.1m
13
Absa
Absa Dynamic Fixed Deposit 		7.3% R1.1m
14
African Bank
African Bank Tax Free Investment (12 Months) 		7.26% R1.1m
15
African Bank
African Bank Fixed Deposit 		7.26% R1.1m
16
African Bank
African Bank Tax Free Investment (12 Months) 		7.26% R1.1m
17
African Bank
African Bank Fixed Deposit 		7.26% R1.1m
18
Access Bank Plc
Access Bank Fixed Deposit 		7.25% R1.1m
19
Access Bank Plc
Access Bank Fixed Deposit 		7.25% R1.1m
20
Nedbank
Nedbank Platinum Fixed Deposit 		7.2% R1.1m
21
Nedbank
Nedbank Electronic OptimumPlus 		7.2% R1.1m
22
Standard Bank
Standard Bank Fixed Deposit 		7.11% R1.1m
23
Standard Bank
Standard Bank Fixed Deposit 		7.11% R1.1m
24
FNB
FNB Senior Preferential Fixed Deposit 		7.1% R1.1m
25
Capitec
Capitec Fixed-Term Savings 		7.05% R1.1m
26
Nedbank
Nedbank Electronic Fixed Deposit 		7.05% R1.1m
27
Absa
Absa Tax Free Fixed Deposit 		7.01% R1.1m
28
Discovery
Discovery Fixed Deposit Account 		7% R1.1m
29
Discovery
Discovery Fixed Deposit Account 		7% R1.1m
30
Absa
Absa Senior Digital Bonus Fixed Deposit 		6.95% R1.1m
31
Absa
Absa Standard Digital Bonus Fixed Deposit 		6.9% R1.1m
32
FNB
FNB Senior Fixed Deposit 		6.9% R1.1m
33
FNB
FNB Fixed Deposit 		6.8% R1.1m
(*) Total interest: estimated total interest earned for a R1,000,000 investment. Interest paid out at maturity