SA Retail Bonds Fixed Deposit Review for April 2024

Last updated 2nd April 2024 by Walter

Introduction

This page summarises all the fixed deposits offered by SA Retail Bonds. All the rates shown are sourced from the SA Retail Bonds website - secure.rsaretailbonds.gov.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The SA Retail Bonds fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

SA Retail Bonds fixed deposits highlights

last updated 2nd April 2024 by Walter

R1,000
min deposit
11.25%
best rate

Here are SA Retail Bonds's best fixed deposit rates

The best interest rate you can get at SA Retail Bonds is 11.25% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 .

Here are SA Retail Bonds's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R1,000 60 months 11.25%
2 R1,000 36 months 10.00%
3 R1,000 24 months 9.50%
P
only individuals older than 55 qualify

SA Retail Bonds 2 year fixed deposit

This table shows SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.50% 8.75%
+
135
R10,000 for 55+9.50% 8.89%
+
102
R100,000 for 18+9.50% 8.88%
+
1,061
R100,000 for 55+9.50% 8.97%
+
832
R250,000 for 18+9.50% 8.92%
+
2,380
R250,000 for 55+9.50% 9.00%
+
1,909
R1,000,000 for 18+9.50% 8.94%
+
9,082
R1,000,000 for 55+9.50% 9.03%
+
6,858
R5,000,000 for 18+9.50% 8.97%
+
41,583
How to read this table?

You get a 9.5% interest rate at SA Retail Bonds for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.75%. Over 2 years you will earn R135 more in interest at SA Retail Bonds compared to the average bank.

SA Retail Bonds 3 year fixed deposit

This table shows SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+10.00% 8.86%
+
367
R10,000 for 55+10.00% 8.99%
+
317
R100,000 for 18+10.00% 9.09%
+
2,780
R100,000 for 55+10.00% 9.18%
+
2,417
R250,000 for 18+10.00% 9.14%
+
6,512
R250,000 for 55+10.00% 9.21%
+
5,774
R1,000,000 for 18+10.00% 9.16%
+
25,117
R1,000,000 for 55+10.00% 9.25%
+
21,578
R5,000,000 for 18+10.00% 9.21%
+
116,682
How to read this table?

You get a 10% interest rate at SA Retail Bonds for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.86%. Over 3 years you will earn R367 more in interest at SA Retail Bonds compared to the average bank.

SA Retail Bonds 5 year fixed deposit

This table shows SA Retail Bonds's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+11.25% 9.39%
+
1,315
R10,000 for 55+11.25% 9.53%
+
1,210
R100,000 for 18+11.25% 9.61%
+
11,436
R100,000 for 55+11.25% 9.67%
+
10,959
R250,000 for 18+11.25% 9.65%
+
27,816
R250,000 for 55+11.25% 9.72%
+
26,502
R1,000,000 for 18+11.25% 9.67%
+
109,633
R1,000,000 for 55+11.25% 9.75%
+
103,739
R5,000,000 for 18+11.25% 9.72%
+
530,365
How to read this table?

You get a 11.25% interest rate at SA Retail Bonds for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 9.39%. Over 5 years you will earn R1,315 more in interest at SA Retail Bonds compared to the average bank.

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