What are the best fixed deposit interest rates currently offered in South Africa?
last updated 2nd October 2026 by Walter
| # | Bank | Term | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|---|
| 1 |  | 60 months | 18 | R1k | 9% | 9.2% |
| 2 |  | 60 months | 18 | R5k | 8.65% | 9% |
| 3 |  | 60 months | 55 | R100k | 8.62% | 8.97% |
| 4 |  | 36 months | 18 | R1 | 8.58% | 8.93% |
| 5 | | 24 months | 18 | R1 | 8.52% | 8.86% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Best 5 year fixed deposit rates
- Best 3 year fixed deposit rates
- Best 2 year fixed deposit rates
- Best 1 year fixed deposit rates
- Best 6 month fixed deposit rates
- Best 3 month fixed deposit rates
Best 5 year fixed deposit rates
last updated 2nd October 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1k | 9% | 9.2% |
| 2 | | 18 | R5k | 8.65% | 9% |
| 3 | | 55 | R100k | 8.62% | 8.97% |
| 4 |  | 18 | R1m | 8.47% | 8.81% |
| 5 |  | 18 | R1m | 8.4% | 8.73% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 60 fixed deposit rates for R10'000
- Here are the best 60 fixed deposit rates for R100'000
- Here are the best 60 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount
Best 3 year fixed deposit rates
last updated 2nd October 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.58% | 8.93% |
| 2 | | 18 | R1k | 8.5% | 8.68% |
| 3 |  | 18 | R100k | 7.99% | 8.29% |
| 4 |  | 18 | R10k | 7.9% | 8.19% |
| 5 |  | 55 | R1m | 7.9% | 8.19% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 36 fixed deposit rates for R10'000
- Here are the best 36 fixed deposit rates for R100'000
- Here are the best 36 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount
Best 2 year fixed deposit rates
last updated 2nd October 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.52% | 8.86% |
| 2 | | 55 | R100k | 8.16% | 8.47% |
| 3 | | 18 | R1k | 8.25% | 8.42% |
| 4 | | 18 | R100k | 7.84% | 8.13% |
| 5 | | 18 | R10k | 7.75% | 8.03% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 24 fixed deposit rates for R10'000
- Here are the best 24 fixed deposit rates for R100'000
- Here are the best 24 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount
Best 1 year fixed deposit rates
last updated 2nd October 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.42% | 8.75% |
| 2 | | 18 | R100k | 8.28% | 8.6% |
| 3 |  | 18 | R1 | 7.67% | 7.95% |
| 4 | | 55 | R1m | 7.65% | 7.92% |
| 5 |  | 18 | R250k | 7.65% | 7.92% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 12 fixed deposit rates for R10'000
- Here are the best 12 fixed deposit rates for R100'000
- Here are the best 12 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount
Best 6 month fixed deposit rates
last updated 2nd October 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.11% | 8.42% |
| 2 | | 18 | R25m | 7.76% | 8.04% |
| 3 | | 18 | R1 | 7.39% | 7.65% |
| 4 | | 18 | R1m | 7.17% | 7.41% |
| 5 | | 18 | R1m | 7.15% | 7.39% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 6 fixed deposit rates for R10'000
- Here are the best 6 fixed deposit rates for R100'000
- Here are the best 6 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount
Best 3 month fixed deposit rates
last updated 2nd October 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 7.7% | 7.98% |
| 2 | | 18 | R25m | 7.5% | 7.76% |
| 3 | | 18 | R1 | 7.11% | 7.35% |
| 4 | | 18 | R5m | 6.98% | 7.21% |
| 5 | | 18 | R10k | 6.85% | 7.07% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 3 fixed deposit rates for R10'000
- Here are the best 3 fixed deposit rates for R100'000
- Here are the best 3 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount