Best 5 year Fixed Deposit Rates for July 2026 | R1,000,000 investment

These are the best 5 year fixed deposit rates for individuals older than 55 looking to invest R1,000,000.

#	Bank	Min Age	Min Deposit	Nominal	Total interest *
1	Fedgroup Fedgroup Secured Investment (5 Years)	18	R1	8.65%	R1.5m
2	Fedgroup Fedgroup Secured Investment (5 Years)	55	R1	8.65%	R1.5m
3	SA Retail Bonds SA Retail Bonds Fixed Rates	18	R1	8.75%	R1.5m
4	SA Retail Bonds SA Retail Bonds Fixed Rates	55	R1	8.75%	R1.5m
5	African Bank African Bank Fixed Deposit	18	R1m	8.47%	R1.5m
6	African Bank African Bank Fixed Deposit	55	R1m	8.47%	R1.5m
7	Nedbank Nedbank Platinum Fixed Deposit	18	R250k	8.3%	R1.5m
8	Nedbank Nedbank Electronic OptimumPlus	55	R1m	8.3%	R1.5m
9	Investec Investec Fixed Deposit Special	55	R100k	8.26%	R1.5m
10	Capitec Capitec Fixed-Term Savings	18	R1m	8.25%	R1.5m
11	Nedbank Nedbank Electronic Fixed Deposit	18	R1m	8.25%	R1.5m
12	Absa Absa Dynamic Senior Fixed Deposit	55	R1m	8.15%	R1.5m
13	FNB FNB Senior Preferential Fixed Deposit	55	R1m	8.15%	R1.5m
14	Investec Investec Fixed Deposit Special	18	R100k	8.11%	R1.5m
15	Absa Absa Dynamic Fixed Deposit	18	R1m	8.05%	R1.5m
16	Standard Bank Standard Bank Fixed Deposit	18	R1m	7.97%	R1.5m
17	Standard Bank Standard Bank Fixed Deposit	55	R1m	7.97%	R1.5m
18	Discovery Discovery Fixed Deposit Account	18	R10k	7.85%	R1.5m
19	Discovery Discovery Fixed Deposit Account	55	R10k	7.85%	R1.5m
20	Access Bank Plc Access Bank Fixed Deposit	18	R1m	7.75%	R1.5m
21	Access Bank Plc Access Bank Fixed Deposit	55	R1m	7.75%	R1.5m
22	FNB FNB Senior Fixed Deposit	55	R1m	7.7%	R1.5m
23	FNB FNB Fixed Deposit	18	R1m	7.6%	R1.5m
24	Absa Absa Senior Digital Bonus Fixed Deposit	55	R1m	7.35%	R1.4m
25	Absa Absa Standard Digital Bonus Fixed Deposit	18	R1m	7.25%	R1.4m
26	SA Retail Bonds SA Retail Bonds Inflation Linked	18	R1	4.5%	R1.2m
27	SA Retail Bonds SA Retail Bonds Inflation Linked	55	R1	4.5%	R1.2m

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