Best Fixed Deposit Rates in SA (2024)

last updated 2nd April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	SA Retail Bonds	18	R1k	11.25%	11.57%
2	TymeBank	18	R1	10.48%	11%
3	Access Bank Plc	18	R500	10.45%	10.97%
4	Sasfin	18	R20k	10.25%	10.75%
5	Access Bank Plc	18	R500	10.1%	10.58%

The best interest rate is 11.57% offered by SA Retail Bonds 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 R1,000 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 April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	SA Retail Bonds	18	R1k	11.25%	11.57%
2	Access Bank Plc	18	R500	10.45%	10.97%
3	Sasfin	18	R20k	10.25%	10.75%
4	African Bank	18	R500	9.94%	10.41%
5	Fedgroup	18	R5k	9.9%	10.36%

The best 5 year fixed deposit interest rate is 11.57% offered by SA Retail Bonds. This is the effective annualised rate. You will need a minimum investment of R1,000 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 3 year fixed deposit rates

last updated 2nd April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	Sasfin	18	R20k	10%	10.47%
2	SA Retail Bonds	18	R1k	10%	10.25%
3	Access Bank Plc	18	R500	9.8%	10.25%
4	African Bank	18	R500	9.44%	9.86%
5	FNB	55	R1m	9.3%	9.71%

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 April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	Access Bank Plc	18	R500	9.55%	9.98%
2	African Bank	18	R500	9.34%	9.75%
3	SA Retail Bonds	18	R1k	9.5%	9.73%
4	FNB	55	R1m	9.25%	9.65%
5	FNB	55	R500k	9.15%	9.54%

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 April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	TymeBank	18	R1	10.48%	11%
2	Sasfin	18	R20k	9.5%	9.92%
3	Access Bank Plc	18	R500	9.5%	9.92%
4	Nedbank	18	R250k	9.3%	9.71%
5	Absa	55	R1m	9.3%	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?

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 April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	TymeBank	18	R1	9.8%	10.25%
2	Access Bank Plc	18	R5m	9%	9.38%
3	Bidvest	18	R10k	8.9%	9.27%
4	Absa	18	R1m	8.8%	9.16%
5	Access Bank Plc	18	R1m	8.75%	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?

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 April 2024 by Walter

#	Bank	Min Age	Min Deposit	Nominal	Effective
1	TymeBank	18	R1	8.93%	9.31%
2	Access Bank Plc	18	R5m	8.6%	8.95%
3	Bidvest	18	R10k	8.54%	8.88%
4	Access Bank Plc	18	R1m	8.49%	8.83%
5	African Bank	18	R500	8.42%	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?

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

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