What are the best fixed deposit interest rates currently offered in South Africa?
last updated 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R1m | 9.94% | 10.41% | |
| 2 | 18 | R250k | 9.57% | 10% | |
| 3 | 18 | R50k | 9.34% | 9.75% | |
| 4 | 18 | R0 | 9.2% | 9.6% | |
| 5 | 18 | R0 | 9.11% | 9.5% |
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 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R1m | 9.94% | 10.41% | |
| 2 | 18 | R250k | 9.57% | 10% | |
| 3 | 18 | R50k | 9.34% | 9.75% | |
| 4 | 18 | R0 | 9.2% | 9.6% | |
| 5 | 18 | R0 | 9.11% | 9.5% |
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 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
Best 3 year fixed deposit rates
last updated 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R250k | 8.75% | 9.11% | |
| 2 | 18 | R0 | 8.65% | 9% | |
| 3 | 18 | R50k | 8.61% | 8.96% | |
| 4 | 18 | R0 | 8.42% | 8.75% | |
| 5 | 18 | R1k | 8.5% | 8.68% |
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 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 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R1m | 8.65% | 9% | |
| 2 | 18 | R0 | 8.55% | 8.89% | |
| 3 | 18 | R250k | 8.47% | 8.81% | |
| 4 | 18 | R50k | 8.33% | 8.66% | |
| 5 | 18 | R0 | 8.14% | 8.45% |
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 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 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R1 | 8.65% | 9% | |
| 2 | 18 | R1m | 8.38% | 8.71% | |
| 3 | 18 | R0 | 8.35% | 8.68% | |
| 4 | 18 | R250k | 8.28% | 8.6% | |
| 5 | 18 | R50k | 8.19% | 8.5% |
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 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 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R250k | 7.91% | 8.2% | |
| 2 | 18 | R0 | 7.9% | 8.19% | |
| 3 | 18 | R1 | 7.87% | 8.16% | |
| 4 | 18 | R50k | 7.82% | 8.11% | |
| 5 | 18 | R250k | 7.8% | 8.08% |
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 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 3rd August 2025 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | 18 | R1m | 7.73% | 8.01% | |
| 2 | 18 | R250k | 7.6% | 7.87% | |
| 3 | 18 | R0 | 7.6% | 7.87% | |
| 4 | 18 | R250k | 7.54% | 7.81% | |
| 5 | 18 | R100k | 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 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