What are the best fixed deposit interest rates currently offered in South Africa?
last updated 1st May 2026 by Walter
| # | Bank | Term | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|---|
| 1 |  | 60 months | 18 | R1 | 9.25% | 9.46% |
| 2 |  | 60 months | 18 | R1 | 8.65% | 9% |
| 3 | | 36 months | 18 | R1 | 8.75% | 8.94% |
| 4 |  | 60 months | 18 | R1m | 8.47% | 8.81% |
| 5 |  | 60 months | 55 | R100k | 8.46% | 8.8% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- 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 1st May 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 9.25% | 9.46% |
| 2 | | 18 | R1 | 8.65% | 9% |
| 3 | | 18 | R1m | 8.47% | 8.81% |
| 4 | | 55 | R100k | 8.46% | 8.8% |
| 5 |  | 55 | R1m | 8.15% | 8.46% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 60 fixed deposit rates for R10'000
- Here are the best 60 fixed deposit rates for R100'000
- Here are the best 60 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 year fixed deposit rates
last updated 1st May 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.75% | 8.94% |
| 2 | | 55 | R1m | 7.85% | 8.14% |
| 3 | | 18 | R1m | 7.73% | 8.01% |
| 4 |  | 18 | R100k | 7.72% | 8% |
| 5 |  | 18 | R0 | 7.6% | 7.87% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 36 fixed deposit rates for R10'000
- Here are the best 36 fixed deposit rates for R100'000
- Here are the best 36 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 2 year fixed deposit rates
last updated 1st May 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 8.25% | 8.42% |
| 2 | | 55 | R100k | 8.04% | 8.34% |
| 3 | | 55 | R1m | 7.65% | 7.92% |
| 4 | | 18 | R100k | 7.61% | 7.88% |
| 5 | | 18 | R0 | 7.5% | 7.76% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 24 fixed deposit rates for R10'000
- Here are the best 24 fixed deposit rates for R100'000
- Here are the best 24 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 1st May 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 |  | 18 | R1 | 8.25% | 8.57% |
| 2 |  | 18 | R1 | 7.81% | 8.1% |
| 3 | | 18 | R100k | 7.78% | 8.06% |
| 4 | | 18 | R5m | 7.44% | 7.7% |
| 5 | | 55 | R100k | 7.35% | 7.6% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 12 fixed deposit rates for R10'000
- Here are the best 12 fixed deposit rates for R100'000
- Here are the best 12 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 1st May 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 7.75% | 8.03% |
| 2 | | 18 | R1 | 7.39% | 7.65% |
| 3 | | 18 | R100k | 7.26% | 7.51% |
| 4 | | 18 | R1m | 7.17% | 7.41% |
| 5 | | 18 | R100k | 7.1% | 7.34% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 6 fixed deposit rates for R10'000
- Here are the best 6 fixed deposit rates for R100'000
- Here are the best 6 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 1st May 2026 by Walter
| # | Bank | Min Age | Min Deposit | Nominal | Effective ↓ |
|---|---|---|---|---|---|
| 1 | | 18 | R1 | 7.06% | 7.29% |
| 2 | | 18 | R100k | 7% | 7.23% |
| 3 | | 18 | R0 | 6.8% | 7.02% |
| 4 | | 18 | R1m | 6.79% | 7.01% |
| 5 |  | 18 | R250k | 6.75% | 6.96% |
Understanding interest rates:
Nominal rate: The basic interest rate before considering any compounding effects. If you were to withdraw your interest monthly instead of letting it compound, this is the rate you'd earn.
Effective rate: The actual annual return you'll receive when interest is reinvested monthly. This higher rate shows your true return because it includes compound interest (earning interest on your interest).
- Here are the best 3 fixed deposit rates for R10'000
- Here are the best 3 fixed deposit rates for R100'000
- Here are the best 3 fixed deposit rates for R1'000'000
- Check out the fixed deposit calculator to find the best interest rate for your custom investment amount