{"id":7162,"date":"2026-02-06T12:46:18","date_gmt":"2026-02-06T12:46:18","guid":{"rendered":"https:\/\/we-search.co.za\/articles\/?p=7162"},"modified":"2026-02-06T12:46:29","modified_gmt":"2026-02-06T12:46:29","slug":"best-fixed-deposit-rates-in-south-africa-70722","status":"publish","type":"post","link":"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/","title":{"rendered":"Best Fixed Deposit Rates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Best_Fixed_Deposit_Rates_in_South_Africa_in_May_2026\" title=\"Best Fixed Deposit Rates in South Africa in May 2026\">Best Fixed Deposit Rates in South Africa in May 2026<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Fixed_Deposits_Rates_for_May_2026_in_South_Africa_%E2%80%93_Overall\" title=\"Fixed Deposits Rates for May 2026 in South Africa &#8211; Overall\">Fixed Deposits Rates for May 2026 in South Africa &#8211; Overall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#6_Months_Fixed_Deposit_Rates_in_May_2026\" title=\"6 Months Fixed Deposit Rates in May 2026\">6 Months Fixed Deposit Rates in May 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#African_Bank\" title=\"African Bank\">African Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Standard_Bank\" title=\"Standard Bank\">Standard Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Sasfin_Bank\" title=\"Sasfin Bank\">Sasfin Bank<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#12_Months_Fixed_Deposit_Rates_in_May_2026\" title=\"12 Months Fixed Deposit Rates in May 2026\">12 Months Fixed Deposit Rates in May 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Discovery_Bank\" title=\"Discovery Bank\">Discovery Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Standard_Bank-2\" title=\"Standard Bank\">Standard Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#African_Bank-2\" title=\"African Bank\">African Bank<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#24_Months_Fixed_Deposit_Rates_in_May_2026\" title=\"24 Months Fixed Deposit Rates in May 2026\">24 Months Fixed Deposit Rates in May 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#African_Bank-3\" title=\"African Bank\">African Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Discovery_Bank-2\" title=\"Discovery Bank\">Discovery Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#SA_Retail_Bonds\" title=\"SA Retail Bonds\">SA Retail Bonds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#36_Months_Fixed_Deposit_Rates_in_May_2026\" title=\"36 Months Fixed Deposit Rates in May 2026\">36 Months Fixed Deposit Rates in May 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Capitec_Bank\" title=\"Capitec Bank\">Capitec Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Discovery_Bank-3\" title=\"Discovery Bank\">Discovery Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#SA_Retail_Bonds-2\" title=\"SA Retail Bonds\">SA Retail Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#African_Bank-4\" title=\"African Bank\">African Bank<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#48_Months_Fixed_Deposit_Rates_in_May_2026\" title=\"48 Months Fixed Deposit Rates in May 2026\">48 Months Fixed Deposit Rates in May 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Capitec_Bank-2\" title=\"Capitec Bank\">Capitec Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Standard_Bank-3\" title=\"Standard Bank\">Standard Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#First_National_Bank\" title=\"First National Bank\">First National Bank<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#60_Months_Fixed_Deposit_Rates_May_2026\" title=\"60 Months Fixed Deposit Rates May 2026\">60 Months Fixed Deposit Rates May 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Capitec_Bank-3\" title=\"Capitec Bank\">Capitec Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Standard_Bank-4\" title=\"Standard Bank\">Standard Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#First_National_Bank-2\" title=\"First National Bank\">First National Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#African_Bank-5\" title=\"African Bank\">African Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Nedbank\" title=\"Nedbank\">Nedbank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#SA_Retail_Bonds-3\" title=\"SA Retail Bonds\">SA Retail Bonds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/we-search.co.za\/articles\/money\/best-fixed-deposit-rates-in-south-africa-70722\/#Takeaway\" title=\"Takeaway\">Takeaway<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Best_Fixed_Deposit_Rates_in_South_Africa_in_May_2026\"><\/span>Best Fixed Deposit Rates in South Africa in May 2026<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>If you find yourself in this post, you\u2019re probably looking for best fixed deposit rates in South Africa as of May 2026.<\/p>\n<p>We will take you through each of the South African bank offering that include but not limited to <a href=\"https:\/\/we-search.co.za\/articles\/banking\/fnb-universal-branch-codes-250655\/\">First National Bank<\/a> (FNB), African Bank, <a href=\"https:\/\/we-search.co.za\/articles\/banking\/nedbank-universal-branch-codes-198765\/\" target=\"_blank\" rel=\"noopener\">Nedbank<\/a>, <a href=\"https:\/\/we-search.co.za\/articles\/banking\/capitec-universal-branch-codes-470-010\/\" target=\"_blank\" rel=\"noopener\">Capitec Bank<\/a>, <a href=\"https:\/\/www.standardbank.co.za\/\" target=\"_blank\" rel=\"noopener\">Standard Bank<\/a>, and other banking institutions.<\/p>\n<p>In a fixed deposit account, which is a form of savings account, the invested principle generates interest when a financial institution agrees to keep the funds on deposit for a certain amount of time.<\/p>\n<p>At the conclusion of the predetermined set period (term), during which the investment would have earned interest, the principle is withheld.<\/p>\n<p>Interest may be withdrawn at any moment, whether it is monthly, quarterly, biannually, or yearly.<\/p>\n<p>Non-withdrawable interest is capitalized on a monthly basis.<\/p>\n<p>In South Africa, there are several fixed deposit account types available.<\/p>\n<p>Before putting money into a fixed deposit account, have certain goals.<\/p>\n<p>Following that, you will be able to choose the best fixed deposit account for your investing objectives.<\/p>\n<p>You should consider how long you want to invest your money and the interest rate range you wish to obtain before creating a fixed deposit account.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fixed_Deposits_Rates_for_May_2026_in_South_Africa_%E2%80%93_Overall\"><\/span>Fixed Deposits Rates for May 2026 in South Africa &#8211; Overall<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>&#8211;<\/strong><\/td>\n<td><strong>Entity<\/strong><\/td>\n<td><strong>Interest Rate%<\/strong><\/td>\n<td><strong>Effective<\/strong><br \/>\n<strong>Rate%<\/strong>\n<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Nedbank<\/td>\n<td>9.7%<\/td>\n<td>11.77%<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>FNB<\/td>\n<td>9.5%<\/td>\n<td>11.48%<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>SA Retail Bonds<\/td>\n<td>11%<\/td>\n<td>13.7%<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>African Bank<\/td>\n<td>10.19%<\/td>\n<td>12.50%<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Capitec Bank<\/td>\n<td>9.15%<\/td>\n<td>10.98%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"6_Months_Fixed_Deposit_Rates_in_May_2026\"><\/span>6 Months Fixed Deposit Rates in May 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"African_Bank\"><\/span>African Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The highest interest rate is offered by Bidvest Bank for a 6-month fixed deposit account.<\/p>\n<p>The 6 months fixed deposit account offers the greatest interest rate, but you must deposit at least R500 to take advantage of it.<\/p>\n<p>The maximum interest rate that will be offered at maturity is 7%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Standard_Bank\"><\/span>Standard Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although the account has a nominal interest rate of 6.46%, it needs a minimum initial deposit of R5,000,000.00.<\/p>\n<p>The actual interest rate on the account is 6.46%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sasfin_Bank\"><\/span>Sasfin Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum deposit for Sasfin Bank&#8217;s six-month fixed deposit account is R10,000.00.<\/p>\n<p>The account&#8217;s nominal interest rate is 6.41%, but the actual interest rate is 6.55%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"12_Months_Fixed_Deposit_Rates_in_May_2026\"><\/span>12 Months Fixed Deposit Rates in May 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Discovery_Bank\"><\/span>Discovery Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite the wave of rate reductions this year, Discovery Bank has kept its rates among its rivals quite competitive.<\/p>\n<p>With a deposit of at least R10,000.00, you may earn an eye-catching interest rate of 7.5% annually.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Standard_Bank-2\"><\/span>Standard Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On a 12-month fixed deposit account, Standard Bank is providing rates that are quite competitive.<\/p>\n<p>A minimum investment of R10,000.00 is required for the 12-month fixed deposit account, which pays a nominal interest rate of 7.4%.<\/p>\n<p>The 12-month fixed deposit account with Bidvest Bank carries an effective interest rate of 7.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"African_Bank-2\"><\/span>African Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The best interest rate for a 12-month fixed deposit account is provided by African Bank.<\/p>\n<p>The account has an annual compounding nominal interest rate of 8.16%.<\/p>\n<p>The account offers an achievable effective interest rate of 8.16% for the time and needs a minimum deposit of R500+.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"24_Months_Fixed_Deposit_Rates_in_May_2026\"><\/span>24 Months Fixed Deposit Rates in May 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"African_Bank-3\"><\/span>African Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For their 24 months fixed deposit account, African Bank provides up to a 9% nominal interest rate on deposits of as least R500.00.<\/p>\n<p>The account&#8217;s effective interest rate is 9.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Discovery_Bank-2\"><\/span>Discovery Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Discovery Bank, which gives a nominal interest rate of 8.15% and is among the most alluring rates in South Africa in this category, rounds up our list of the top 3 best fixed deposit rates for the next 24 months.<\/p>\n<p>The account has an effective interest rate of 8.95%, and as an investor, you must invest a minimum of R10,000.00 to attain this interest rate achievement.<\/p>\n<p>In South Africa, the use of digital banking has grown over the past several years, increasing demand for new financial products.<\/p>\n<p>The way we bank in South Africa is about to undergo a change because to the emergence of new banks.<\/p>\n<p>One bank that takes internet banking seriously is Discovery Bank, which has implemented behavioural banking to promote responsible financial behavior.<\/p>\n<p>Discovery Bank, a new institution, offers some of South Africa&#8217;s top fixed deposit accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"SA_Retail_Bonds\"><\/span>SA Retail Bonds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In order to entice high-quality investors, banks are increasing the rates on fixed deposits; this trend results in competitive rates in the market, which is advantageous to you as an investor.<\/p>\n<p>For a minimum investment of R1,000.00, SA Retail Bonds&#8217; 24 months fixed deposit account provides a nominal interest rate of 9.25%.<\/p>\n<p>Your interest payments can be made monthly, every six months, or once every twelve months, but the principle amount can only be accessible at maturity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"36_Months_Fixed_Deposit_Rates_in_May_2026\"><\/span>36 Months Fixed Deposit Rates in May 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Capitec_Bank\"><\/span>Capitec Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With a nominal interest rate of 8.50%, Capitec Bank has the second-best 36-month fixed deposit account.<\/p>\n<p>A 8.84% effective interest rate is applied to the account.<\/p>\n<p>R100,001 is the required minimum deposit for this account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Discovery_Bank-3\"><\/span>Discovery Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With a nominal interest rate of 8.5% for its 36 months fixed deposit account, Discovery Bank is tied for third place with Capitec Bank.<\/p>\n<p>The account&#8217;s effective interest rate is greater, at 9.64%.<\/p>\n<p>A R10,000.00 minimum investment is needed to open the account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"SA_Retail_Bonds-2\"><\/span>SA Retail Bonds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The best interest rate for a 36-month fixed deposit investment is provided by SA Retail Bonds.<\/p>\n<p>The institution needs an R1,000.00 minimum commitment and gives a nominal interest rate of 9.75%. To receive the greatest interest rate possible, the investment must be held for 36 months.<\/p>\n<p>The account&#8217;s effective interest rate is 10.73%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"African_Bank-4\"><\/span>African Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The second-best interest rate for a 36-month fixed deposit account is offered by Africa Bank.<\/p>\n<p>The account has an R500.00 minimum investment.<\/p>\n<p>A nominal interest rate of up to 9.45% is offered to clients.<\/p>\n<p>For such an investment, the effective interest rate is 10.37%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"48_Months_Fixed_Deposit_Rates_in_May_2026\"><\/span>48 Months Fixed Deposit Rates in May 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Capitec_Bank-2\"><\/span>Capitec Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For 48 months, Capitec Bank will pay a nominal interest rate of up to 8.75%.<\/p>\n<p>The amount of money that a client wishes to deposit largely determines the rate of interest that Capitec Back provides.<\/p>\n<p>A 48-month fixed deposit account requires a minimum deposit of R100,001.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Standard_Bank-3\"><\/span>Standard Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The second-best 48-month fixed deposit rate, offered by Standard Bank, is 10.19% effective interest rate.<\/p>\n<p>The 48-month fixed deposit account&#8217;s nominal interest rate is 8.66%.<\/p>\n<p>Investors are eligible for the account if they put R5.000,001.00 or more into their fixed deposit account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"First_National_Bank\"><\/span>First National Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For a 48-month fixed deposit, First National Bank gives an effective interest rate of 8.96%.<\/p>\n<p>The 48-month fixed deposit account&#8217;s nominal interest rate is 8.6%.<\/p>\n<p>The minimum investment for clients to be eligible for the nominal rate of 8.6% is R1,000,000.00.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"60_Months_Fixed_Deposit_Rates_May_2026\"><\/span>60 Months Fixed Deposit Rates May 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Capitec_Bank-3\"><\/span>Capitec Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For 48 months, Capitec Bank will pay a nominal interest rate of up to 8.75%.<\/p>\n<p>The amount of money that a client wishes to deposit largely determines the rate of interest that Capitec Back provides.<\/p>\n<p>A 48-month fixed deposit account requires a minimum deposit of R100,001.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Standard_Bank-4\"><\/span>Standard Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The second-best 48-month fixed deposit rate, offered by Standard Bank, is 10.19% effective interest rate.<\/p>\n<p>The 48-month fixed deposit account&#8217;s nominal interest rate is 8.66%.<\/p>\n<p>Investors are eligible for the account if they put R5.000,001.00 or more into their fixed deposit account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"First_National_Bank-2\"><\/span>First National Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 48-month fixed deposit account from First National Bank has an effective interest rate of 8.96%.<\/p>\n<p>The account&#8217;s nominal interest rate for a 48-month fixed deposit is 8.6%.<\/p>\n<p>Clients must invest a minimum of R1,000,000.00 to be eligible for the nominal rate of 8.6%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"African_Bank-5\"><\/span>African Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>African Bank&#8217;s 10.19% nominal interest rate for a 60-month fixed deposit account is the second-best rate available.<\/p>\n<p>The account has the lowest minimum investment requirement of the top 3 in the 60-month category, calling just for R500.00.<\/p>\n<p>The account&#8217;s effective interest rate is 12.5%.<\/p>\n<p>Account holders might choose to monthly withdraw their interest earnings or capitalize them.<\/p>\n<p>At maturity, the investor has access to their principal investment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nedbank\"><\/span>Nedbank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Individuals in South Africa can open a variety of fixed deposit accounts with Nedbank, all of which provide excellent interest rates. Seniors over the age of 55 also qualify for special interest rates.<\/p>\n<p>For people above the age of 55, a fixed deposit account with the highest nominal interest rate is 9.7%.<\/p>\n<p>For a 60-month fixed deposit account with a nominal interest rate of 9.7%, the bank&#8217;s Fixed Deposit Investment Account requires a minimum deposit of R1,000,000.00.<\/p>\n<p>In the 60-month fixed deposit account, investors receive an effective interest rate of 11.77% on their initial investment.<\/p>\n<p>There is no offline access to this account.<\/p>\n<p>When opening a fixed deposit account with Nedbank, anyone under the age of 55 can take advantage of competitive rates.<\/p>\n<p>9.35% nominal interest rate is the interest offer for those under the age of 55.<\/p>\n<p>The minimum opening balance is R1,000,000.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"SA_Retail_Bonds-3\"><\/span>SA Retail Bonds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The top spot belongs to SA Retail Bonds, which provides a nominal interest rate of 11% on a fixed deposit for 60 months.<\/p>\n<p>The actual interest rate that is accrued on the account is 13.7%.<\/p>\n<p>The specified 11% nominal interest rate on an investment must be held for 60 months in order to be paid.<\/p>\n<p>To obtain a return of 11% nominal interest, an investment of at least R1,000.00 is necessary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Takeaway\"><\/span>Takeaway<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Capital protection and consistent income flow are guaranteed by fixed deposits.<\/p>\n<p>You might have to give them some serious thought if you are risk cautious and do not want equity exposure.<\/p>\n<p>It is very important that you carefully compare and make sure that you get value for money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Best Fixed Deposit Rates in South Africa in If you find yourself in this post, you\u2019re probably looking for best fixed deposit rates in South&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v20.2.1) - 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