South Africa
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Fixed Deposit Interest Rates
| Provider | Rate | |||
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African Bank 5 Year Term Deposit Rate indicated is quoted on a per annum basis and is the interest payout on expiry. +Follow |
12.95% 5 year | Apply May 2018 |
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Mercantile Bank South Africa 2 Year Term Deposit Rate indicated requires minimum initial investment of R1,000. +Follow |
8.25% 2 year | Apply May 2018 |
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Capitec Bank 1 Year Fixed Term Deposit The following Interest Rate for fixed term account is applicable for a term ranging from 7 to 12 months with rates varying by deposit amounts. Product is 'Fixed Term Savings Plan / Single deposit Option' above R100,000 +Follow |
7.92% 1 year | Apply Aug 2019 |
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7.90% 1 year | Apply Aug 2019 |
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Investec 1 Year Fixed Deposit The rate for the 'fixed term deposit' product is period effective and for a 1 year or 12 month term. It requires a minimum deposit balance of Over R1 000 000 to open up this type of account. It has tiered rates so this product return can vary depending on amount deposited 'period effective'. +Follow |
7.82% 1 year | Apply May 2018 |
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FNB 5 Year Fixed Deposit The rate indicated for this product is interest effective and for a medium term period of 5 years or 60 months which is longest maturity option for fixed deposit products available from FNB. +Follow |
7.80% 5 year | Apply Aug 2019 |
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7.80% 5 Year | Apply Aug 2019 |
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Nedbank 1 Year Fixed Deposit The interest rates is applicable for clients younger then 55 years of age and interest options include Monthly/ Quarterly/ Half yearly of the deposit. The balance required is R1000 minimum. Paid Per annum basis. +Follow |
7.44% 1 year | Apply May 2018 |
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Standard Bank 1 Year Fixed Deposit - Rate is 'Ordinary Fixed Deposits' for 12 months and for balances from R10 000 to R99 999 with interest at maturity |
6.70% 1 year | Apply May 2018 |
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Postbank South Africa 1 Year Term Deposit Rate indicated is based on the 'Term Save' product for deposits of R 10,000 +. +Follow |
6.25% 1 year | Apply May 2018 |
What is a Fixed Deposit?
In South Africa, a fixed deposit is a type of investment offered by banks where a customer can deposit for a fixed term of their choosing that can range from approximately 30 days to 5 years. Note these term offerings can differ between each bank. The interest rate return offered by the banks is fixed for the term although it can be different depending on which maturity chosen for deposit.