Welcome to the +95 new subscribers who joined during February. Glad to have you part of my newsletter :)

Best Fixed Deposit Rates for February 2026

Bank Term Min Deposit Effective Annual Rate
SA Retail Bonds 60 R1k 9.2%
Fedgroup 60 R5k 9.0%
Investec 60 R100k 9.0%
GoTyme Bank 36 R1 8.9%
African Bank 60 R1m 8.8%

What are the biggest changes to fixed deposit interest rate offers since last month?

Name Average Change % Max Change %
SA Retail Bonds 0.43 1
Investec 0.26 0.84
Standard Bank 0.23 0.58
Capitec 0.17 0.6
Discovery 0.14 0.25
Best Notice Deposit Interest Rates

After some requests from readers like you, I have added notice account rates to ratecompare.co.za and to this newsletter. In addition to sourcing fixed deposit rates, I now also source notice deposit account rates from all banks.

Here are the best 7-day and 32-day interest rates in South Africa for .

Best 7-day interest rates

Bank Min Deposit Interest Rate
1 Investec R1k 7.25%
2 Absa R10m 7.1%
3 Absa R1m 7.08%
4 African Bank R1m 7.02%
5 Absa R250k 7%
6 African Bank R250k 6.98%
7 African Bank R100k 6.93%
8 Absa R50k 6.9%
9 Bank Zero R1m 6.85%
10 Absa R25k 6.82%
11 African Bank R25k 6.79%
12 Bank Zero R500k 6.78%
13 Capitec R1m 6.7%
14 Bank Zero R100k 6.68%
15 Bank Zero R50k 6.63%
16 Capitec R250k 6.6%
17 Fnb R100k 6.55%
18 Fnb R250k 6.55%
19 Fnb R500k 6.55%
20 Fnb R1m 6.55%
21 Fnb R5m 6.55%
22 Fnb R10m 6.55%
23 Fnb R50m 6.55%
24 Capitec R100k 6.5%
25 Capitec R25k 6.4%
26 Fnb R50k 6.3%
27 Bank Zero R25k 6.2%
28 Absa R1k 6.1%
29 Fnb R20k 6.05%
30 Standard Bank R1m 5.77%
31 Bank Zero R1k 5.65%
32 African Bank R0 5.61%
33 Standard Bank R100k 5.48%
34 Bank Zero R1 4.5%
35 Standard Bank R20k 4.32%
36 Capitec R1 4%
37 Standard Bank R5k 3.2%
38 Standard Bank R250 3.09%
39 Absa R0 0.35%
40 Fnb R1 0%
41 Fnb R5k 0%
42 Fnb R10k 0%
Best 32-day interest rates
Bank Min Deposit Interest Rate
1 Nedbank R500k 7.8%
2 Investec R100k 7.75%
3 Nedbank R250k 7.75%
4 Capitec R1m 7.6%
5 Bidvest R1m 7.5%
6 Capitec R250k 7.5%
7 Absa R10m 7.45%
8 Bidvest R5k 7.45%
9 Discovery R1 7.45%
10 Fnb R1m 7.45%
11 Fnb R5m 7.45%
12 Fnb R10m 7.45%
13 Fnb R50m 7.45%
14 Nedbank R100k 7.45%
15 Absa R1m 7.4%
16 Bank Zero R1m 7.4%
17 Absa R250k 7.35%
18 Standard Bank R1m 7.22%
19 Absa R50k 7.18%
20 African Bank R1m 7.17%
21 African Bank R250k 7.12%
22 Absa R25k 7.08%
23 African Bank R100k 7.07%
24 Fnb R100k 7.05%
25 Fnb R250k 7.05%
26 Fnb R500k 7.05%
27 Bank Zero R500k 7.04%
28 African Bank R25k 7.02%
29 Fnb R50k 7%
30 Bank Zero R100k 6.99%
31 Capitec R100k 6.9%
32 Capitec R25k 6.8%
33 Nedbank R50k 6.8%
34 Nedbank R25k 6.7%
35 Fnb R20k 6.6%
36 Bank Zero R50k 6.54%
37 Standard Bank R100k 6.53%
38 Bank Zero R25k 6.45%
39 Capitec R1 6.45%
40 Nedbank R3k 6.45%
41 Absa R1k 6.4%
42 African Bank R0 6.32%
43 Fnb R5k 6.25%
44 Fnb R10k 6.25%
45 Access Bank Plc R0 5.95%
46 Access Bank Plc R25k 5.95%
47 Access Bank Plc R1m 5.95%
48 Access Bank Plc R5m 5.95%
49 Bank Zero R1k 5.95%
50 Nedbank R0 5.95%
51 Standard Bank R20k 5.32%
52 Bank Zero R1 4.8%
53 Standard Bank R5k 4.8%
54 Standard Bank R250 4.29%
55 Absa R0 0.35%
56 Fnb R1 0%

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Have a great weekend.
Walter