What are the best fixed deposit interest rates currently offered in South Africa?
last updated 2nd September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R500 | 10.45% | 10.97% | |
| 2 | 18 | R20k | 10.25% | 10.75% | |
| 3 | 18 | R500 | 10.1% | 10.58% | |
| 4 | 18 | R20k | 10% | 10.47% | |
| 5 | 18 | R500 | 9.94% | 10.41% |
The best interest rate is 10.97% offered by Access Bank Plc 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 R500 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
- 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 September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R500 | 10.45% | 10.97% | |
| 2 | 18 | R20k | 10.25% | 10.75% | |
| 3 | 18 | R500 | 9.94% | 10.41% | |
| 4 | 18 | R250k | 9.81% | 10.26% | |
| 5 | 18 | R5k | 9.8% | 10.25% |
The best 5 year fixed deposit interest rate is 10.97% offered by Access Bank Plc. 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?
- Here are the best 5 year fixed deposit rates for R10'000
- Here are the best 5 year fixed deposit rates for R100'000
- Here are the best 5 year fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount
Who offers better interest rates?
Who offers better interest rates?
updated 2nd September 2024
Who offers better interest rates?
updated 2nd September 2024
Who offers better interest rates?
updated 2nd September 2024
Best 3 year fixed deposit rates
last updated 2nd September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R20k | 10% | 10.47% | |
| 2 | 18 | R500 | 9.8% | 10.25% | |
| 3 | 18 | R500 | 9.44% | 9.86% | |
| 4 | 55 | R1m | 9.25% | 9.65% | |
| 5 | 55 | R500k | 9.15% | 9.54% |
The best 3 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?
- Here are the best 3 year fixed deposit rates for R10'000
- Here are the best 3 year fixed deposit rates for R100'000
- Here are the best 3 year 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 September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R500 | 9.55% | 9.98% | |
| 2 | 18 | R500 | 9.34% | 9.75% | |
| 3 | 55 | R1m | 9.2% | 9.6% | |
| 4 | 55 | R500k | 9.1% | 9.49% | |
| 5 | 55 | R250k | 9.05% | 9.43% |
The best 2 year fixed deposit interest rate is 9.98% offered by Access Bank Plc. 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?
- Here are the best 2 year fixed deposit rates for R10'000
- Here are the best 2 year fixed deposit rates for R100'000
- Here are the best 2 year 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 September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R1 | 9.57% | 10% | |
| 2 | 18 | R20k | 9.5% | 9.92% | |
| 3 | 18 | R500 | 9.5% | 9.92% | |
| 4 | 55 | R1k | 9.2% | 9.6% | |
| 5 | 55 | R10k | 9.16% | 9.55% |
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?
- Here are the best 1 year fixed deposit rates for R10'000
- Here are the best 1 year fixed deposit rates for R100'000
- Here are the best 1 year 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 September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R5m | 9% | 9.38% | |
| 2 | 18 | R10k | 8.9% | 9.27% | |
| 3 | 18 | R1 | 8.83% | 9.2% | |
| 4 | 18 | R1m | 8.75% | 9.11% | |
| 5 | 18 | R20k | 8.66% | 9.01% |
The best 6 month fixed deposit interest rate is 9.38% offered by Access Bank Plc. This is the effective annualised rate. You will need a minimum investment of R5,000,000 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?
- Here are the best 6 month fixed deposit rates for R10'000
- Here are the best 6 month fixed deposit rates for R100'000
- Here are the best 6 month 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 September 2024 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective |
|---|---|---|---|---|---|
| 1 | 18 | R5m | 8.6% | 8.95% | |
| 2 | 18 | R10k | 8.54% | 8.88% | |
| 3 | 18 | R1m | 8.49% | 8.83% | |
| 4 | 18 | R500 | 8.42% | 8.75% | |
| 5 | 18 | R250k | 8.4% | 8.73% |
The best 3 month fixed deposit interest rate is 8.95% offered by Access Bank Plc. This is the effective annualised rate. You will need a minimum investment of R5,000,000 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?
- Here are the best 3 month fixed deposit rates for R10'000
- Here are the best 3 month fixed deposit rates for R100'000
- Here are the best 3 month fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount