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Best 5 year Fixed Deposit Rates for July 2024 | R10,000 investment
These are the best 5 year fixed deposit rates for individuals older than 55 looking to invest R10,000.
| # | Bank | Min Age | Min Deposit | Nominal | Total interest * |
|---|---|---|---|---|---|
| 1 | 55 | R500 | 10.45% | R6.8k | |
| 2 | 55 | R1k | 10.5% | R6.7k | |
| 3 | 55 | R500 | 9.94% | R6.4k | |
| 4 | 55 | R5k | 9.9% | R6.4k | |
| 5 | 55 | R10k | 9.45% | R6.0k | |
| 6 | 55 | R1k | 9.4% | R6.0k | |
| 7 | 55 | R1k | 9.35% | R5.9k | |
| 8 | 55 | R1k | 9.35% | R5.9k | |
| 9 | 55 | R10k | 9.2% | R5.8k | |
| 10 | 55 | R10k | 9.13% | R5.8k | |
| 11 | 55 | R10k | 9% | R5.7k |
(*) Total interest: estimated total interest earned for a R10,000
investment. Interest paid out at maturity