Best 12-month fixed deposit rates — July 2026
The best 12-month fixed deposit rate in South Africa right now is 8.42% per annum from GoTyme Bank, with a minimum deposit of Any amount. Below are the 12-month rates of all 11 banks we track, updated for July 2026.
| # | Bank & product | Rate (nominal) | Effective | Deposit for this rate |
|---|---|---|---|---|
| 1 |  GoTyme Bank GoTyme Bank Fixed Deposit | 8.42% | 8.75% | Any amount |
| 2 |  Investec Investec PrimeLinked Fixed Deposit | 8.03% | 8.33% | R100 000 |
| 3 |  Bidvest Bidvest Fixed Deposit | 7.72% | 8.00% | Any amount |
| 4 | Investec Investec Fixed Deposit Special | 7.50% | 7.76% | R100 000 |
| 5 |  African Bank African Bank Fixed Deposit | 7.49% | 7.75% | R1 000 000 |
| 6 |  Standard Bank Standard Bank Fixed Deposit | 7.46% | 7.72% | R5 000 000 |
| 7 | 7.45% | 7.71% | R100 000 | |
| 8 |  Discovery Discovery Fixed Deposit Account | 7.40% | 7.66% | R10 000 |
| 9 |  Nedbank Nedbank Platinum Fixed Deposit | 7.40% | 7.66% | R250 000 |
| 10 | Investec Investec Fixed Term Deposit | 7.39% | 7.65% | R100 000 |
| 11 |  Capitec Capitec Fixed-Term Savings | 7.30% | 7.55% | R1 000 000 |
| 12 | Nedbank Nedbank Electronic Fixed Deposit | 7.30% | 7.55% | R1 000 000 |
| 13 |  Access Bank Plc Access Bank Fixed Deposit | 7.25% | 7.50% | Any amount |
| 14 | 7.10% | 7.34% | R1 000 000 | |
| 15 | 7.05% | 7.28% | R1 000 000 |
Where a bank pays different rates per deposit size, the table shows each product's best rate and the deposit needed to earn it. Nominal = annual rate as quoted; effective = annualised rate with monthly compounding reinvested.
Better 12-month rates for over-55s
These banks pay seniors more than their standard 12-month rate:
-
FNB FNB Senior Preferential Fixed Deposit 7.40% - FNB FNB Senior Fixed Deposit 7.15%
Tax-free 12-month fixed deposits
Interest is tax-free, but contributions are capped at R36,000 per tax year (R500,000 lifetime), so these are ranked separately:
-
Absa Absa Tax Free Fixed Deposit 7.60% - Investec Investec Tax Free Fixed Deposit 7.59%
- Nedbank Nedbank Tax-free Fixed Deposit 7.30%
- African Bank African Bank Tax Free Investment (12 Months) 7.26%
Compare other terms
Not sure fixed is right for you? Compare against notice accounts and savings accounts, or use the rate finder to search everything at once.
Methodology & disclaimer
Rates are collected directly from each bank's published rate sheets and updated monthly (July 2026 shown). Rates are quoted per annum for interest paid at the bank's standard frequency and may change without notice — always confirm with the bank before investing. Ranking is by nominal rate; tax-free and seniors-only products are listed separately because they carry eligibility or contribution limits.