all

South Africa Interest Rates

South Africa Bank Photos

South Africa Bank interest Rates

Provider Branch Founded Ownership
ABSA Bank ABSA Bank 800 1991 Foreign
FNB FNB 775 1838 Local
Standard Bank ZA Standard Bank ZA 700 1862 Local
African Bank African Bank 637 1993 Local
Capitec Bank Capitec Bank 589 2001 Local
Nedbank Nedbank 536 1988 Local
Old Mutual South Africa Old Mutual South Africa 258 1845 Foreign
PSG Konsult PSG Konsult 181 1996 Local
Bidvest Bank Bidvest Bank 100 2000 Local
Mercantile Bank South Africa Mercantile Bank South Africa 13 1987 Foreign
The retail banking landscape in South Africa is dominated by large national banks. 

Largest banks in South Africa 
With both large number of both ATMs and branches as well as being historically established, the Barclays Africa Group (ABSA), FirstRand (FNB), Nedbank and Standard Bank were considered the big 4 banks in the country, with more recently Capitec now included due to its gain in market share.

Local and Specialist banks
Postbank began in recent times to provide banking services to the 6m underbanked South Africans, leveraging on its Post Office network across the country. Investec is specialist niche bank that provides banking/financial products and services to its niche client base.

Foreign Banks
While Citibank and HSBC are located in South Africa, they do not offer retail banking products, the State Bank of India for example provides retail deposit and loan products in the country.

Regulations
In South Africa, the Reserve Bank of South Africa (resbank.co.za) supervises and regulates for banks that take deposits through its 'Bank Supervision Department (BSD)'. For suspicious transactions and anti Money Laundering,  the  Financial Intelligence Centre (fic.gov.au) has a regulatory regime from the FIC Act to 'know your client', record-keeping, reporting and compliance of these obligations on financial institutions. 

South Africa Discussion Activity

  • Capitec Bank
    Q: How to open business accounts

    Reply Dumile from Durban, South Africa
  • Nedbank - Savings - Nedbank Money Market Account
    Q: What is the money market requirements and interest rate at the moment

    Reply Steven from South Africa
  • Capitec Bank - Deposits - Capitec Bank 6 Month Fixed Term Deposit
    Q: how much will 500 be after 6 months fixed term savings at capitec

    Reply katleho from Bryanston, South Africa
  • Citibank South Africa
    Q: I have received email from Citi Bank London for a compensation fund they have. Maybe its easier to work with Citi Bank SA?

    Reply Tersia from South Africa
  • FNB
    Q: What is FNB's interest rate on R300000 (three hundred thousand Rand) deposit for 24 months?

    Reply Elizabeth from Johannesburg, South Africa
  • Deposits
    Q: Money deposit 1 year fixed highest percentage South Africa ?

    Reply Cornelis from Venlo, Netherlands
  • Deposits
    Q: How safe is it too invest R300,000 fixed deposit with African bank

    Reply Edgar from South Africa
  • FNB
    Q: HOW MUCH INTEREST DO I COLLECT PER YEAR IF I HAVE TO PUT IN R100 000 FIXED FOR 5 YEARS

    Reply ASHNEE from South Africa
  • ABSA Bank
    Q: i AM REQUESTING TO BE ASSIGNED PRIVATE BANKER. THANK YOU.

    Reply APOLLO from East London, South Africa
  • FNB - Deposits
    Q: If I invest money with a fixed deposit account, can I add money at any time?

    Reply Yolandi from Pretoria, South Africa