These are the best Fixed Deposits in South Africa

all rates last updated 2nd November 2021

What are the best fixed deposit interest rates currently offered in South Africa?

NominalEffective
1 SA Retail Bonds 60m1k 9.50% 9.73%
2 FNB 60m1mP 8.55% 8.89%
3 Nedbank 60m1mP 8.54% 8.88%
4 Capitec 60m100k 8.50% 8.84%
5 Standard Bank 60m100k 8.50% 8.84%
P: only individuals older than 55 qualify
length of term. eg. 60m = 60 months
minimum deposit

The best rate is 9.73% offered by SA Retail Bonds on a 60-month fixed deposit. This is the highest interest rate you will be able to get in South Africa. This is the effective annual rate. You will need a minimum deposit of R 1k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

Rankings per investment period
click on any of the below to jump to the section

- Best 3 month fixed deposit rates
- Best 6 month fixed deposit rates
- Best 12 month fixed deposit rates
- Best 24 month fixed deposit rates
- Best 36 month fixed deposit rates
- Best 60 month fixed deposit rates

3m Best 3 month fixed deposit rates

NominalEffective
1 Bidvest 10k 4.46% 4.55%
2 African Bank 500 4.17% 4.25%
3 Grobank 5m 4.09% 4.17%
4 Sasfin 20k 3.95% 4.02%
5 Grobank 100k 3.84% 3.91%
View all 3-month rankings

The best rate for a 3-month fixed deposit is 4.55% offered by Bidvest. This is the effective annual rate. You will need a minimum deposit of R10k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

PS. banks may pay better rates for higher investment amounts and your age. That is why I also provide detailed rankings for different investment amounts and whether you are older or younger than 55. Check out the detailed 3-month rankings where you can see all the rankings for different amounts and ages.

6m Best 6 month fixed deposit rates

NominalEffective
1 Bidvest 10k 4.93% 5.04%
2 African Bank 500 4.65% 4.75%
3 Grobank 5m 4.46% 4.55%
4 FNB 1mP 4.40% 4.49%
5 Nedbank 1mP 4.34% 4.43%
View all 6-month rankings

The best rate for a 6-month fixed deposit is 5.04% offered by Bidvest. This is the effective annual rate. You will need a minimum deposit of R10k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

PS. banks may pay better rates for higher investment amounts and your age. That is why I also provide detailed rankings for different investment amounts and whether you are older or younger than 55. Check out the detailed 6-month rankings where you can see all the rankings for different amounts and ages.

12m Best 12 month fixed deposit rates

NominalEffective
1 Bidvest 10kP 5.70% 5.85%
2 Nedbank 1mP 5.70% 5.85%
3 African Bank 500 5.61% 5.76%
4 Sasfin 20k 5.60% 5.75%
5 Bidvest 10k 5.55% 5.69%
View all 12-month rankings

The best rate for a 12-month fixed deposit is 5.85% offered by Bidvest. This is the effective annual rate. You will need a minimum deposit of R10k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

PS. banks may pay better rates for higher investment amounts and your age. That is why I also provide detailed rankings for different investment amounts and whether you are older or younger than 55. Check out the detailed 12-month rankings where you can see all the rankings for different amounts and ages.

24m Best 24 month fixed deposit rates

NominalEffective
1 SA Retail Bonds 1k 7.25% 7.38%
2 African Bank 500 6.51% 6.71%
3 Discovery Bank 1k 6.45% 6.64%
4 FNB 500kP 6.40% 6.59%
5 Standard Bank 100k 6.35% 6.54%
View all 24-month rankings

The best rate for a 24-month fixed deposit is 7.38% offered by SA Retail Bonds. This is the effective annual rate. You will need a minimum deposit of R1k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

PS. banks may pay better rates for higher investment amounts and your age. That is why I also provide detailed rankings for different investment amounts and whether you are older or younger than 55. Check out the detailed 24-month rankings where you can see all the rankings for different amounts and ages.

36m Best 36 month fixed deposit rates

NominalEffective
1 SA Retail Bonds 1k 8.00% 8.16%
2 African Bank 500 6.93% 7.15%
3 Discovery Bank 1k 6.55% 6.75%
4 FNB 250kP 6.50% 6.7%
5 Standard Bank 100k 6.45% 6.64%
View all 36-month rankings

The best rate for a 36-month fixed deposit is 8.16% offered by SA Retail Bonds. This is the effective annual rate. You will need a minimum deposit of R1k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

PS. banks may pay better rates for higher investment amounts and your age. That is why I also provide detailed rankings for different investment amounts and whether you are older or younger than 55. Check out the detailed 36-month rankings where you can see all the rankings for different amounts and ages.

60m Best 60 month fixed deposit rates

NominalEffective
1 SA Retail Bonds 1k 9.50% 9.73%
2 FNB 1mP 8.55% 8.89%
3 Nedbank 1mP 8.54% 8.88%
4 Capitec 100k 8.50% 8.84%
5 Standard Bank 100k 8.50% 8.84%
View all 60-month rankings

The best rate for a 60-month fixed deposit is 9.73% offered by SA Retail Bonds. This is the effective annual rate. You will need a minimum deposit of R1k to get that interest rate. Check out the calculator to see how much interest you will earn for your investment amount.

PS. banks may pay better rates for higher investment amounts and your age. That is why I also provide detailed rankings for different investment amounts and whether you are older or younger than 55. Check out the detailed 60-month rankings where you can see all the rankings for different amounts and ages.


Every basis point matters