What are the best fixed deposit interest rates currently offered in South Africa?
last updated 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 |  | 18 | R1m | 9.94% | 10.41% |
| 2 |  | 18 | R5k | 8.9% | 9.27% |
| 3 |  | 18 | R1 | 8.75% | 9.11% |
| 4 |  | 55 | R250k | 8.05% | 8.35% |
| 5 |  | 55 | R100k | 8.04% | 8.34% |
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 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1m | 9.94% | 10.41% |
| 2 | | 18 | R5k | 8.9% | 9.27% |
| 3 | | 55 | R250k | 8.05% | 8.35% |
| 4 | | 55 | R100k | 8.04% | 8.34% |
| 5 |  | 18 | R1k | 8% | 8.16% |
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 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1m | 8.19% | 8.5% |
| 2 |  | 18 | R0 | 7.6% | 7.87% |
| 3 | | 18 | R250k | 7.45% | 7.71% |
| 4 | | 18 | R1k | 7.5% | 7.64% |
| 5 |  | 18 | R1m | 7.05% | 7.28% |
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 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R250k | 7.96% | 8.26% |
| 2 | | 55 | R100k | 7.5% | 7.76% |
| 3 | | 18 | R0 | 7.5% | 7.76% |
| 4 | | 18 | R250k | 7.4% | 7.66% |
| 5 | | 18 | R1k | 7.25% | 7.38% |
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 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.75% | 9.11% |
| 2 | | 18 | R1m | 7.96% | 8.26% |
| 3 | | 55 | R100k | 7.95% | 8.25% |
| 4 |  | 18 | R10k | 7.53% | 7.8% |
| 5 | | 18 | R250k | 7.5% | 7.76% |
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 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.25% | 8.57% |
| 2 | | 18 | R1m | 7.73% | 8.01% |
| 3 | | 18 | R10k | 7.19% | 7.43% |
| 4 | | 55 | R100k | 7.17% | 7.41% |
| 5 | | 18 | R250k | 7.1% | 7.34% |
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 15th February 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 7.75% | 8.03% |
| 2 | | 18 | R1m | 7.26% | 7.51% |
| 3 | | 18 | R10k | 7.06% | 7.29% |
| 4 | | 18 | R1m | 6.86% | 7.08% |
| 5 | | 18 | R0 | 6.8% | 7.02% |
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