Which bank pays the highest senior bonus interest rates
It pays to be a senior in some cases :). This article lists which banks give better interest rates for senior South African citizens.
Top Bonus rates paid by banks
- Investec pays up to 0.91% in senior bonus rates
- Standard Bank pays up to 0.51% in senior bonus rates
- Absa pays up to 0.22% in senior bonus rates
- Nedbank pays up to 0.16% in senior bonus rates
- Bidvest pays up to 0.05% in senior bonus rates
* interest rates last sourced and converted to effective annual rates 4th August 2025
Investec
Here are all of Investec's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Investec. Senior means older than 55. Investec will give you an added "senior bonus rate" of up to 0.91 % .
| Min Deposit | Investment term | Normal rate % | Senior rate % | Senior bonus % |
|---|---|---|---|---|
| R100,000 | 60 months | 8.18 | 8.34 | 0.16 |
| R100,000 | 24 months | 7.6 | 7.76 | 0.16 |
| R100,000 | 12 months | 7.34 | 8.25 | 0.91 |
| R100,000 | 6 months | 6.67 | 7.41 | 0.74 |
All these rates were last updated 3rd Augustare shown as annual effecive rates.
Standard Bank
Here are all of Standard Bank's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Standard Bank. Senior means older than 55. Standard Bank will give you an added "senior bonus rate" of up to 0.51 % .
| Min Deposit | Investment term | Normal rate % | Senior rate % | Senior bonus % |
|---|---|---|---|---|
| R5,000,000 | 60 months | 8.32 | 8.32 | 0 |
| R1,000,000 | 60 months | 8.32 | 8.32 | 0 |
| R500,000 | 60 months | 8.32 | 8.43 | 0.11 |
| R100,000 | 60 months | 8.32 | 8.43 | 0.11 |
| R10,000 | 60 months | 7.93 | 8.43 | 0.5 |
| R1 | 60 months | 7.83 | 8.32 | 0.49 |
| R5,000,000 | 48 months | 8.01 | 8.12 | 0.11 |
| R1,000,000 | 48 months | 8.01 | 8.12 | 0.11 |
| R500,000 | 48 months | 8.01 | 8.12 | 0.11 |
| R100,000 | 48 months | 8.01 | 8.12 | 0.11 |
| R10,000 | 48 months | 7.62 | 8.05 | 0.43 |
| R1 | 48 months | 7.52 | 7.95 | 0.43 |
| R5,000,000 | 36 months | 7.82 | 7.92 | 0.1 |
| R1,000,000 | 36 months | 7.82 | 7.92 | 0.1 |
| R500,000 | 36 months | 7.82 | 7.92 | 0.1 |
| R100,000 | 36 months | 7.82 | 7.92 | 0.1 |
| R10,000 | 36 months | 7.39 | 7.86 | 0.47 |
| R1 | 36 months | 7.28 | 7.75 | 0.47 |
| R5,000,000 | 24 months | 7.73 | 7.82 | 0.09 |
| R1,000,000 | 24 months | 7.73 | 7.82 | 0.09 |
| R500,000 | 24 months | 7.73 | 7.82 | 0.09 |
| R100,000 | 24 months | 7.73 | 7.82 | 0.09 |
| R10,000 | 24 months | 7.29 | 7.76 | 0.47 |
| R1 | 24 months | 7.19 | 7.66 | 0.47 |
| R5,000,000 | 18 months | 7.68 | 7.76 | 0.08 |
| R1,000,000 | 18 months | 7.68 | 7.76 | 0.08 |
| R500,000 | 18 months | 7.68 | 7.76 | 0.08 |
| R100,000 | 18 months | 7.68 | 7.76 | 0.08 |
| R10,000 | 18 months | 7.23 | 7.71 | 0.48 |
| R1 | 18 months | 7.12 | 7.6 | 0.48 |
| R5,000,000 | 12 months | 7.5 | 7.63 | 0.13 |
| R1,000,000 | 12 months | 7.43 | 7.55 | 0.12 |
| R500,000 | 12 months | 7.37 | 7.5 | 0.13 |
| R100,000 | 12 months | 7.32 | 7.44 | 0.12 |
| R10,000 | 12 months | 6.86 | 7.36 | 0.5 |
| R1 | 12 months | 6.75 | 7.25 | 0.5 |
| R5,000,000 | 11 months | 7.45 | 7.57 | 0.12 |
| R1,000,000 | 11 months | 7.37 | 7.5 | 0.13 |
| R500,000 | 11 months | 7.32 | 7.45 | 0.13 |
| R100,000 | 11 months | 7.27 | 7.39 | 0.12 |
| R5,000,000 | 10 months | 7.42 | 7.55 | 0.13 |
| R1,000,000 | 10 months | 7.35 | 7.47 | 0.12 |
| R500,000 | 10 months | 7.29 | 7.42 | 0.13 |
| R100,000 | 10 months | 7.24 | 7.36 | 0.12 |
| R5,000,000 | 9 months | 7.37 | 7.49 | 0.12 |
| R1,000,000 | 9 months | 7.29 | 7.42 | 0.13 |
| R500,000 | 9 months | 7.24 | 7.37 | 0.13 |
| R100,000 | 9 months | 7.19 | 7.31 | 0.12 |
| R10,000 | 9 months | 6.69 | 7.2 | 0.51 |
| R1 | 9 months | 6.58 | 7.09 | 0.51 |
| R5,000,000 | 8 months | 7.34 | 7.49 | 0.15 |
| R1,000,000 | 8 months | 7.26 | 7.42 | 0.16 |
| R500,000 | 8 months | 7.21 | 7.36 | 0.15 |
| R100,000 | 8 months | 7.16 | 7.31 | 0.15 |
| R5,000,000 | 7 months | 7.31 | 7.46 | 0.15 |
| R1,000,000 | 7 months | 7.23 | 7.39 | 0.16 |
| R500,000 | 7 months | 7.18 | 7.33 | 0.15 |
| R100,000 | 7 months | 7.13 | 7.28 | 0.15 |
| R5,000,000 | 6 months | 7.28 | 7.46 | 0.18 |
| R1,000,000 | 6 months | 7.2 | 7.38 | 0.18 |
| R500,000 | 6 months | 7.15 | 7.33 | 0.18 |
| R100,000 | 6 months | 7.09 | 7.28 | 0.19 |
| R10,000 | 6 months | 6.69 | 7.2 | 0.51 |
| R1 | 6 months | 6.58 | 7.09 | 0.51 |
| R5,000,000 | 5 months | 7.25 | 7.46 | 0.21 |
| R1,000,000 | 5 months | 7.17 | 7.38 | 0.21 |
| R500,000 | 5 months | 7.12 | 7.33 | 0.21 |
| R100,000 | 5 months | 7.07 | 7.27 | 0.2 |
| R5,000,000 | 4 months | 7.24 | 7.45 | 0.21 |
| R1,000,000 | 4 months | 7.17 | 7.38 | 0.21 |
| R500,000 | 4 months | 7.11 | 7.32 | 0.21 |
| R100,000 | 4 months | 7.06 | 7.27 | 0.21 |
| R10,000 | 4 months | 6.69 | 7.17 | 0.48 |
| R1 | 4 months | 6.58 | 7.06 | 0.48 |
| R5,000,000 | 3 months | 7.21 | 7.45 | 0.24 |
| R1,000,000 | 3 months | 7.14 | 7.37 | 0.23 |
| R500,000 | 3 months | 7.08 | 7.32 | 0.24 |
| R100,000 | 3 months | 7.03 | 7.27 | 0.24 |
| R10,000 | 3 months | 6.69 | 7.17 | 0.48 |
| R1 | 3 months | 6.58 | 7.06 | 0.48 |
| R5,000,000 | 2 months | 7.21 | 7.42 | 0.21 |
| R1,000,000 | 2 months | 7.13 | 7.34 | 0.21 |
| R500,000 | 2 months | 7.08 | 7.29 | 0.21 |
| R100,000 | 2 months | 7.03 | 7.24 | 0.21 |
| R10,000 | 2 months | 6.62 | 7.08 | 0.46 |
| R1 | 2 months | 6.52 | 6.97 | 0.45 |
All these rates were last updated 3rd Augustare shown as annual effecive rates.
Absa
Here are all of Absa's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Absa. Senior means older than 55. Absa will give you an added "senior bonus rate" of up to 0.22 % .
| Min Deposit | Investment term | Normal rate % | Senior rate % | Senior bonus % |
|---|---|---|---|---|
| R1,000,000 | 60 months | 8.57 | 8.62 | 0.05 |
| R100,000 | 60 months | 8.57 | 8.62 | 0.05 |
| R1,000 | 60 months | 8.57 | 8.62 | 0.05 |
| R1,000,000 | 48 months | 8.19 | 8.25 | 0.06 |
| R100,000 | 48 months | 8.19 | 8.25 | 0.06 |
| R1,000 | 48 months | 8.19 | 8.25 | 0.06 |
| R1,000,000 | 36 months | 8.03 | 8.25 | 0.22 |
| R100,000 | 36 months | 8.03 | 8.25 | 0.22 |
| R1,000 | 36 months | 8.03 | 8.25 | 0.22 |
| R1,000,000 | 24 months | 7.82 | 7.87 | 0.05 |
| R100,000 | 24 months | 7.82 | 7.87 | 0.05 |
| R1,000 | 24 months | 7.82 | 7.87 | 0.05 |
| R1,000,000 | 12 months | 7.82 | 7.87 | 0.05 |
| R100,000 | 12 months | 7.82 | 7.87 | 0.05 |
| R1,000 | 12 months | 7.82 | 7.87 | 0.05 |
| R1,000,000 | 6 months | 7.92 | 7.98 | 0.06 |
| R100,000 | 6 months | 7.92 | 7.98 | 0.06 |
| R1,000 | 6 months | 7.92 | 7.98 | 0.06 |
| R1,000,000 | 3 months | 7.55 | 7.71 | 0.16 |
| R100,000 | 3 months | 7.55 | 7.71 | 0.16 |
| R1,000 | 3 months | 7.55 | 7.71 | 0.16 |
All these rates were last updated 3rd Augustare shown as annual effecive rates.
Nedbank
Here are all of Nedbank's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Nedbank. Senior means older than 55. Nedbank will give you an added "senior bonus rate" of up to 0.16 % .
| Min Deposit | Investment term | Normal rate % | Senior rate % | Senior bonus % |
|---|---|---|---|---|
| R1,000,000 | 60 months | 8.95 | 9 | 0.05 |
| R250,000 | 60 months | 8.84 | 9 | 0.16 |
| R100,000 | 60 months | 8.84 | 8.84 | 0 |
| R25,000 | 60 months | 8.79 | 8.79 | 0 |
| R1,000 | 60 months | 8.68 | 8.68 | 0 |
| R1,000,000 | 36 months | 8.14 | 8.25 | 0.11 |
| R250,000 | 36 months | 8.3 | 8.3 | 0 |
| R100,000 | 36 months | 8.19 | 8.19 | 0 |
| R25,000 | 36 months | 8.08 | 8.08 | 0 |
| R1,000 | 36 months | 7.87 | 7.87 | 0 |
| R1,000,000 | 24 months | 8.08 | 8.19 | 0.11 |
| R250,000 | 24 months | 8.25 | 8.25 | 0 |
| R100,000 | 24 months | 8.14 | 8.14 | 0 |
| R25,000 | 24 months | 8.03 | 8.03 | 0 |
| R1,000 | 24 months | 7.82 | 7.82 | 0 |
| R1,000,000 | 18 months | 8.03 | 8.14 | 0.11 |
| R250,000 | 18 months | 8.19 | 8.08 | -0.11 |
| R25,000 | 18 months | 7.98 | 7.98 | 0 |
| R1,000 | 18 months | 7.76 | 7.76 | 0 |
| R1,000,000 | 12 months | 8.19 | 8.3 | 0.11 |
| R250,000 | 12 months | 8.35 | 8.35 | 0 |
| R100,000 | 12 months | 8.25 | 8.25 | 0 |
| R25,000 | 12 months | 8.03 | 8.03 | 0 |
| R1,000 | 12 months | 7.82 | 7.82 | 0 |
| R1,000,000 | 6 months | 7.92 | 8.03 | 0.11 |
| R250,000 | 6 months | 8.08 | 8.08 | 0 |
| R100,000 | 6 months | 7.98 | 7.98 | 0 |
| R25,000 | 6 months | 7.87 | 7.87 | 0 |
| R1,000 | 6 months | 7.66 | 7.66 | 0 |
| R1,000,000 | 3 months | 7.76 | 7.87 | 0.11 |
| R250,000 | 3 months | 7.87 | 7.87 | 0 |
| R100,000 | 3 months | 7.76 | 7.76 | 0 |
| R25,000 | 3 months | 7.66 | 7.66 | 0 |
| R1,000 | 3 months | 7.44 | 7.44 | 0 |
All these rates were last updated 3rd Augustare shown as annual effecive rates.
Bidvest
Here are all of Bidvest's fixed deposit rates. I have included an additional "bonus rate" column. This is the additional amount of interest you are able to achieve because you are a senior at Bidvest. Senior means older than 55. Bidvest will give you an added "senior bonus rate" of up to 0.05 % .
| Min Deposit | Investment term | Normal rate % | Senior rate % | Senior bonus % |
|---|---|---|---|---|
| R10,000 | 12 months | 8.35 | 8.4 | 0.05 |
| R10,000 | 11 months | 8.18 | 8.18 | 0 |
| R10,000 | 10 months | 8.11 | 8.11 | 0 |
| R10,000 | 9 months | 8.08 | 8.08 | 0 |
| R10,000 | 8 months | 8.05 | 8.05 | 0 |
| R10,000 | 7 months | 8.03 | 8.03 | 0 |
| R10,000 | 6 months | 7.96 | 7.96 | 0 |
| R10,000 | 5 months | 7.87 | 7.87 | 0 |
| R10,000 | 4 months | 7.8 | 7.8 | 0 |
| R10,000 | 3 months | 7.76 | 7.76 | 0 |
| R10,000 | 2 months | 7.69 | 7.69 | 0 |
All these rates were last updated 3rd Augustare shown as annual effecive rates.