Best 3 year Fixed Deposit Rates for October 2026 | R1,000,000 investment

These are the best 3 year fixed deposit rates for individuals older 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	8.58%	R1.3m
2	GoTyme Bank GoTyme Bank Fixed Deposit	55	R1	8.58%	R1.3m
3	SA Retail Bonds SA Retail Bonds Fixed Rates	18	R1k	8.5%	R1.3m
4	SA Retail Bonds SA Retail Bonds Fixed Rates	55	R1k	8.5%	R1.3m
5	Standard Bank Standard Bank Fixed Deposit	18	R1m	7.99%	R1.3m
6	Standard Bank Standard Bank Fixed Deposit	55	R1m	7.99%	R1.3m
7	Discovery Discovery Fixed Deposit Account	18	R10k	7.9%	R1.3m
8	Discovery Discovery Fixed Deposit Account	55	R10k	7.9%	R1.3m
9	FNB FNB Senior Preferential Fixed Deposit	55	R1m	7.9%	R1.3m
10	Absa Absa Dynamic Senior Fixed Deposit	55	R1m	7.85%	R1.3m
11	Absa Absa Dynamic Fixed Deposit	18	R1m	7.8%	R1.3m
12	Nedbank Nedbank Platinum Fixed Deposit	18	R250k	7.75%	R1.3m
13	Nedbank Nedbank Electronic OptimumPlus	55	R1m	7.75%	R1.3m
14	African Bank African Bank Fixed Deposit	18	R1m	7.73%	R1.3m
15	African Bank African Bank Fixed Deposit	55	R1m	7.73%	R1.3m
16	Capitec Capitec Fixed-Term Savings	18	R1m	7.7%	R1.3m
17	FNB FNB Senior Fixed Deposit	55	R1m	7.65%	R1.3m
18	FNB FNB Fixed Deposit	18	R1m	7.6%	R1.3m
19	Nedbank Nedbank Electronic Fixed Deposit	18	R1m	7.6%	R1.3m
20	Absa Absa Senior Digital Bonus Fixed Deposit	55	R1m	6.7%	R1.2m
21	Absa Absa Standard Digital Bonus Fixed Deposit	18	R1m	6.65%	R1.2m
22	Access Bank Plc Access Bank Fixed Deposit	18	R1m	5.5%	R1.2m
23	Access Bank Plc Access Bank Fixed Deposit	55	R1m	5.5%	R1.2m
24	SA Retail Bonds SA Retail Bonds Inflation Linked	18	R1k	4.25%	R1.1m
25	SA Retail Bonds SA Retail Bonds Inflation Linked	55	R1k	4.25%	R1.1m

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