Best 2 year Fixed Deposit Rates for May 2026 | R1,000,000 investment

These are the best 2 year fixed deposit rates for individuals younger than 55 looking to invest R1,000,000.

#	Bank	Min Age	Min Deposit	Nominal	Total interest *
1	SA Retail Bonds SA Retail Bonds Fixed Rates	18	R1	8.25%	R1.2m
2	SA Retail Bonds SA Retail Bonds Fixed Rates	55	R1	8.25%	R1.2m
3	Investec Investec Fixed Deposit Special	55	R100k	8.04%	R1.2m
4	Investec Investec Fixed Deposit Special	18	R100k	7.89%	R1.2m
5	Absa Absa Dynamic Senior Fixed Deposit	55	R1m	7.65%	R1.2m
6	Standard Bank Standard Bank Fixed Deposit	18	R1m	7.61%	R1.2m
7	Standard Bank Standard Bank Fixed Deposit	55	R1m	7.61%	R1.2m
8	Absa Absa Dynamic Fixed Deposit	18	R1m	7.6%	R1.2m
9	Access Bank Plc Access Bank Fixed Deposit	18	R1m	7.5%	R1.2m
10	Access Bank Plc Access Bank Fixed Deposit	55	R1m	7.5%	R1.2m
11	African Bank African Bank Fixed Deposit	18	R1m	7.4%	R1.2m
12	African Bank African Bank Fixed Deposit	55	R1m	7.4%	R1.2m
13	Nedbank Nedbank Platinum Fixed Deposit	18	R250k	7.25%	R1.2m
14	Nedbank Nedbank Electronic OptimumPlus	55	R1m	7.25%	R1.2m
15	Capitec Capitec Fixed-Term Savings	18	R1m	7.15%	R1.2m
16	Discovery Discovery Fixed Deposit Account	18	R10k	7.15%	R1.2m
17	Discovery Discovery Fixed Deposit Account	55	R10k	7.15%	R1.2m
18	FNB FNB Senior Preferential Fixed Deposit	55	R1m	7.1%	R1.2m
19	Nedbank Nedbank Electronic Fixed Deposit	18	R1m	7.1%	R1.2m
20	FNB FNB Senior Fixed Deposit	55	R1m	6.8%	R1.1m
21	FNB FNB Fixed Deposit	18	R1m	6.7%	R1.1m
22	Absa Absa Senior Digital Bonus Fixed Deposit	55	R1m	6.4%	R1.1m
23	Absa Absa Standard Digital Bonus Fixed Deposit	18	R1m	6.35%	R1.1m

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