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

last updated 2nd February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1TymeBanklogo18 R110.48% 11%
2Access Bank Plclogo18 R50010.45% 10.97%
3Sasfinlogo18 R20k10.25% 10.75%
4Access Bank Plclogo18 R50010.1% 10.58%
5SA Retail Bondslogo18 R1k10.25% 10.51%
The best interest rate is 11% offered by TymeBank on a 1 year fixed deposit investment. This is the highest interest rate you will be able to get in South Africa. This rate is fixed throughout 1 year. It is the effective annual rate. You will need a minimum investment of R1 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 February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Access Bank Plclogo18 R50010.45% 10.97%
2Sasfinlogo18 R20k10.25% 10.75%
3SA Retail Bondslogo18 R1k10.25% 10.51%
4African Banklogo18 R5009.94% 10.41%
5Nedbanklogo18 R250k9.8% 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?
Who offers better interest rates?
Who offers better interest rates?
updated 2nd Februaryy 2024
Who offers better interest rates?
updated 2nd Februaryy 2024
Who offers better interest rates?
updated 2nd Februaryy 2024

Best 3 year fixed deposit rates

last updated 2nd February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Sasfinlogo18 R20k10% 10.47%
2Access Bank Plclogo18 R5009.8% 10.25%
3African Banklogo18 R5009.44% 9.86%
4FNBlogo55 R1m9.3% 9.71%
5FNBlogo55 R500k9.2% 9.6%
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?

Best 2 year fixed deposit rates

last updated 2nd February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1Access Bank Plclogo18 R5009.55% 9.98%
2African Banklogo18 R5009.34% 9.75%
3FNBlogo55 R1m9.25% 9.65%
4FNBlogo55 R500k9.15% 9.54%
5FNBlogo55 R250k9.1% 9.49%
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?

Best 1 year fixed deposit rates

last updated 2nd February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1TymeBanklogo18 R110.48% 11%
2Sasfinlogo18 R20k9.5% 9.92%
3Access Bank Plclogo18 R5009.5% 9.92%
4Nedbanklogo18 R250k9.3% 9.71%
5Absalogo55 R1m9.3% 9.71%
The best 1 year fixed deposit interest rate is 11% 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 February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1TymeBanklogo18 R19.8% 10.25%
2Access Bank Plclogo18 R5m9% 9.38%
3Bidvestlogo18 R10k8.9% 9.27%
4Absalogo18 R1m8.8% 9.16%
5Access Bank Plclogo18 R1m8.75% 9.11%
The best 6 month fixed deposit interest rate is 10.25% 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 February 2024 by Walter

# Bank Min Age Min Deposit Nominal Effective
1TymeBanklogo18 R18.93% 9.31%
2Access Bank Plclogo18 R5m8.6% 8.95%
3Bidvestlogo18 R10k8.54% 8.88%
4Access Bank Plclogo18 R1m8.49% 8.83%
5African Banklogo18 R5008.42% 8.75%
The best 3 month fixed deposit interest rate is 9.31% 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?
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