Best Fixed Deposit Rates in South Africa

all rates last updated 6th January 2022


These are the best 12 month rates for individuals older than 55 for a R 250,000 deposit.
* these rates were last updated 6th January 2022

#BankNominalEffective
1

Bidvest

view all their rates here

5.93%

.

6.09 %

R 15 225*

2

African Bank

view all their rates here

5.85%

.

6.01 %

R 15 025*

3

Sasfin

view all their rates here

5.70%

.

5.85 %

R 14 625*

4

FNB

view all their rates here

5.50%

.

5.64 %

R 14 100*

5

Absa

view all their rates here

5.45%

.

5.59 %

R 13 975*

6

Discovery Bank

view all their rates here

5.45%

.

5.59 %

R 13 975*

7

Standard Bank

view all their rates here

5.40%

.

5.54 %

R 13 850*

8

Capitec

view all their rates here

5.40%

.

5.54 %

R 13 850*

9

Investec

view all their rates here

5.36%

.

5.49 %

R 13 725*

10

Grobank

view all their rates here

4.94%

.

5.05 %

R 12 625*

(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity