Which bank pays the highest senior bonus interest rates

It pays to be a senior in some cases :). This article lists which banks give better interest rates for senior South African citizens.

Top Bonus rates paid by banks

  • Standard Bank pays up to 0.55% in senior bonus rates
  • FNB pays up to 0.49% in senior bonus rates
  • Nedbank pays up to 0.43% in senior bonus rates
  • Absa pays up to 0.33% in senior bonus rates
  • Investec pays up to 0.17% in senior bonus rates
  • Bidvest pays up to 0.05% in senior bonus rates

* interest rates last sourced and converted to effective annual rates 2nd February 2024

Standard Bank

Here are all of Standard Bank's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Standard Bank. Senior means older than 55. Standard Bank will give you an added "senior bonus rate" of up to 0.55 % .

Min DepositInvestment termNormal rate %Senior rate %Senior bonus %
R5,000,00060 months9.499.490
R1,000,00060 months9.499.490
R500,00060 months9.499.490
R100,00060 months9.499.490
R10,00060 months8.99.450.55
R160 months7.998.530.54
R5,000,00048 months9.159.150
R1,000,00048 months9.159.150
R500,00048 months9.159.150
R100,00048 months9.159.150
R10,00048 months8.579.110.54
R148 months7.668.190.53
R5,000,00036 months8.938.930
R1,000,00036 months8.938.930
R500,00036 months8.938.930
R100,00036 months8.938.930
R10,00036 months8.358.890.54
R136 months7.447.980.54
R5,000,00024 months8.898.890
R1,000,00024 months8.898.890
R500,00024 months8.898.890
R100,00024 months8.898.890
R10,00024 months8.318.850.54
R124 months7.47.930.53
R5,000,00018 months8.968.960
R1,000,00018 months8.968.960
R500,00018 months8.968.960
R100,00018 months8.968.960
R10,00018 months8.48.940.54
R118 months7.498.020.53
R5,000,00012 months8.988.980
R1,000,00012 months8.918.910
R500,00012 months8.868.860
R100,00012 months8.88.80
R10,00012 months8.348.880.54
R112 months7.437.970.54
R5,000,00011 months8.968.960
R1,000,00011 months8.898.890
R500,00011 months8.848.840
R100,00011 months8.798.790
R5,000,00010 months8.948.940
R1,000,00010 months8.878.870
R500,00010 months8.828.820
R100,00010 months8.778.770
R5,000,0009 months8.928.920
R1,000,0009 months8.858.850
R500,0009 months8.88.80
R100,0009 months8.758.750
R10,0009 months8.178.710.54
R19 months7.267.80.54
R5,000,0008 months8.98.90
R1,000,0008 months8.838.830
R500,0008 months8.788.780
R100,0008 months8.738.730
R5,000,0007 months8.888.880
R1,000,0007 months8.818.810
R500,0007 months8.768.760
R100,0007 months8.718.710
R5,000,0006 months8.868.860
R1,000,0006 months8.798.790
R500,0006 months8.748.740
R100,0006 months8.698.690
R10,0006 months8.178.710.54
R16 months7.267.80.54
R5,000,0005 months8.798.790
R1,000,0005 months8.728.720
R500,0005 months8.668.660
R100,0005 months8.618.610
R5,000,0004 months8.728.720
R1,000,0004 months8.648.640
R500,0004 months8.598.590
R100,0004 months8.548.540
R10,0004 months8.058.590.54
R14 months7.147.680.54
R5,000,0003 months8.678.670
R1,000,0003 months8.598.590
R500,0003 months8.548.540
R100,0003 months8.498.490
R10,0003 months8.058.590.54
R13 months7.147.680.54
R5,000,0002 months8.628.620
R1,000,0002 months8.548.540
R500,0002 months8.498.490
R100,0002 months8.448.440
R10,0002 months7.998.530.54
R12 months7.087.610.53

All these rates were last updated 2nd Februaryy and are shown as annual effecive rates.

FNB

Here are all of FNB's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at FNB. Senior means older than 55. FNB will give you an added "senior bonus rate" of up to 0.49 % .

Min DepositInvestment termNormal rate %Senior rate %Senior bonus %
R1,000,00060 months9.7110.090.38
R500,00060 months9.659.980.33
R250,00060 months9.69.920.32
R10,00060 months9.549.870.33
R1,000,00048 months9.389.760.38
R500,00048 months9.339.650.32
R250,00048 months9.279.60.33
R10,00048 months9.229.540.32
R1,000,00036 months9.279.710.44
R500,00036 months9.229.60.38
R250,00036 months9.169.540.38
R10,00036 months9.119.490.38
R1,000,00024 months9.169.650.49
R500,00024 months9.119.540.43
R250,00024 months9.069.490.43
R10,00024 months99.430.43
R1,000,00012 months9.069.540.48
R500,00012 months99.490.49
R250,00012 months8.959.430.48
R10,00012 months8.899.380.49
R1,000,0006 months8.468.890.43
R500,0006 months8.418.790.38
R250,0006 months8.358.730.38
R10,0006 months8.38.680.38
R1,000,0003 months8.38.680.38
R500,0003 months8.258.620.37
R250,0003 months8.198.570.38
R10,0003 months8.148.520.38

All these rates were last updated 2nd Februaryy and are shown as annual effecive rates.

Nedbank

Electronic OptimumPlus. An exclusively online Fixed Deposit for clients 55 years and older.

Here are all of Nedbank's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Nedbank. Senior means older than 55. Nedbank will give you an added "senior bonus rate" of up to 0.43 % .

Min DepositInvestment termNormal rate %Senior rate %Senior bonus %
R1,000,00060 months9.8210.250.43
R250,00060 months10.2510.14-0.11
R25,00060 months9.69.870.27
R1,00060 months9.389.760.38
R1,000,00036 months8.959.220.27
R250,00036 months9.229.11-0.11
R25,00036 months8.7990.21
R1,00036 months8.578.790.22
R1,000,00024 months8.899.110.22
R250,00024 months9.119-0.11
R25,00024 months8.738.890.16
R1,00024 months8.528.680.16
R1,000,00018 months99.270.27
R250,00018 months9.279.16-0.11
R25,00018 months8.849.060.22
R1,00018 months8.628.840.22
R1,000,00012 months9.389.710.33
R250,00012 months9.719.65-0.06
R25,00012 months9.229.220
R1,00012 months990
R1,000,0006 months8.8990.11
R250,0006 months98.89-0.11
R25,0006 months8.688.790.11
R1,0006 months8.468.570.11
R1,000,0003 months8.258.410.16
R250,0003 months8.088.30.22
R25,0003 months8.038.190.16
R1,0003 months7.827.980.16

All these rates were last updated 2nd Februaryy and are shown as annual effecive rates.

Absa

If you are over 55, you can qualify for bonus interest

Here are all of Absa's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Absa. Senior means older than 55. Absa will give you an added "senior bonus rate" of up to 0.33 % .

Min DepositInvestment termNormal rate %Senior rate %Senior bonus %
R1,000,00060 months9.549.540
R100,00060 months9.549.540
R1,00060 months9.389.430.05
R1,000,00048 months9.439.540.11
R100,00048 months9.439.490.06
R1,00048 months9.229.430.21
R1,000,00036 months9.229.270.05
R100,00036 months9.229.270.05
R1,00036 months9.229.270.05
R1,000,00024 months9.119.160.05
R100,00024 months9.119.160.05
R1,00024 months9.069.160.1
R1,000,00012 months9.439.710.28
R100,00012 months9.389.650.27
R1,00012 months9.389.540.16
R1,000,0006 months9.169.160
R100,0006 months8.959.060.11
R1,0006 months8.628.950.33
R1,000,0003 months8.418.730.32
R100,0003 months8.358.520.17
R1,0003 months8.148.410.27

All these rates were last updated 2nd Februaryy and are shown as annual effecive rates.

Investec

Here are all of Investec's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Investec. Senior means older than 55. Investec will give you an added "senior bonus rate" of up to 0.17 % .

Min DepositInvestment termNormal rate %Senior rate %Senior bonus %
R100,00060 months9.419.580.17
R100,00024 months8.798.950.16
R100,00012 months9.389.430.05
R100,0006 months8.8490.16

All these rates were last updated 2nd Februaryy and are shown as annual effecive rates.

Bidvest

Pensioners over 55 qualify for preferential rates on the 12-month fixed deposit.

Here are all of Bidvest's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Bidvest. Senior means older than 55. Bidvest will give you an added "senior bonus rate" of up to 0.05 % .

Min DepositInvestment termNormal rate %Senior rate %Senior bonus %
R10,00012 months9.59.550.05
R10,0006 months9.279.270
R10,0003 months8.888.880

All these rates were last updated 2nd Februaryy and are shown as annual effecive rates.