What are the best fixed deposit interest rates currently offered in South Africa?

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Sasfinlogo18 R20k10% 10.47%
2African Banklogo18 R5009.94% 10.41%
3Sasfinlogo18 R20k9.7% 10.14%
4Access Bank Plclogo18 R5009.67% 10.11%
5TymeBanklogo18 R19.57% 10%
The best interest rate is 10.47% offered by Sasfin on a 5 year fixed deposit investment. This is the highest interest rate you will be able to get in South Africa. This rate is fixed throughout 5 year. It is the effective annual rate. You will need a minimum investment of R20,000 to get that interest rate. Check out my fixed deposit calculator to see how much interest you will earn for your investment amount.
Table of contents

Best 5 year fixed deposit rates

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Sasfinlogo18 R20k10% 10.47%
2African Banklogo18 R5009.94% 10.41%
3Access Bank Plclogo18 R5009.67% 10.11%
4Capiteclogo18 R1m9.5% 9.92%
5Capiteclogo18 R250k9.45% 9.87%
The best 5 year fixed deposit interest rate is 10.47% offered by Sasfin. This is the effective annualised rate. You will need a minimum investment of R20,000 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.
Looking for the best interest rates for a specific investment amount?
Who offers better interest rates?
Who offers better interest rates?
updated 2nd October 2024
Who offers better interest rates?
updated 2nd October 2024
Who offers better interest rates?
updated 2nd October 2024

Best 3 year fixed deposit rates

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Sasfinlogo18 R20k9.7% 10.14%
2African Banklogo18 R5009.44% 9.86%
3Access Bank Plclogo18 R5009.26% 9.66%
4Capiteclogo18 R1m9.05% 9.43%
5Capiteclogo18 R250k8.95% 9.33%
The best 3 year fixed deposit interest rate is 10.14% offered by Sasfin. This is the effective annualised rate. You will need a minimum investment of R20,000 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.
Looking for the best interest rates for a specific investment amount?

Best 2 year fixed deposit rates

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1African Banklogo18 R5009.34% 9.75%
2Access Bank Plclogo18 R5009.12% 9.51%
3Capiteclogo18 R1m8.9% 9.27%
4Capiteclogo18 R250k8.85% 9.22%
5Capiteclogo18 R50k8.75% 9.11%
The best 2 year fixed deposit interest rate is 9.75% offered by African Bank. This is the effective annualised rate. You will need a minimum investment of R500 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.
Looking for the best interest rates for a specific investment amount?

Best 1 year fixed deposit rates

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1TymeBanklogo18 R19.57% 10%
2Absalogo55 R1k9.2% 9.6%
3African Banklogo18 R5009.11% 9.5%
4Sasfinlogo18 R20k9.06% 9.45%
5Access Bank Plclogo18 R5008.98% 9.36%
The best 1 year fixed deposit interest rate is 10% offered by TymeBank. This is the effective annualised rate. You will need a minimum investment of R1 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.
Looking for the best interest rates for a specific investment amount?

Best 6 month fixed deposit rates

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1TymeBanklogo18 R18.83% 9.2%
2Bidvestlogo18 R10k8.69% 9.04%
3African Banklogo18 R5008.65% 9%
4Nedbanklogo18 R250k8.6% 8.95%
5Access Bank Plclogo18 R5008.54% 8.88%
The best 6 month fixed deposit interest rate is 9.2% offered by TymeBank. This is the effective annualised rate. You will need a minimum investment of R1 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.
Looking for the best interest rates for a specific investment amount?

Best 3 month fixed deposit rates

last updated 2nd October 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Bidvestlogo18 R10k8.49% 8.83%
2African Banklogo18 R5008.42% 8.75%
3Nedbanklogo18 R250k8.4% 8.73%
4Nedbanklogo18 R100k8.3% 8.62%
5Access Bank Plclogo18 R5008.21% 8.53%
The best 3 month fixed deposit interest rate is 8.83% offered by Bidvest. This is the effective annualised rate. You will need a minimum investment of R10,000 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.
Looking for the best interest rates for a specific investment amount?