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Qualifying criteria

Minimum opening deposit of R10,000 is required.
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Fixed Deposit: Nominal Rates

Published at 2024-08-20

Period R10 000 -
R249 999.99
R250 000 -
R499 999.99
R500 000 -
R999 999.99
R1 000 000 +
1 month 7.10% 7.20% 7.30% 7.45%
3 month 7.30% 7.40% 7.50% 7.60%
6 month 7.45% 7.55% 7.65% 7.75%
9 month 7.55% 7.65% 7.75% 7.85%
12 month 7.95% 8.05% 8.15% 8.20%
24 month 7.90% 8.00% 8.10% 8.20%
36 month 7.90% 8.30% 8.35% 8.40%
48 month 7.95% 8.00% 8.10% 8.20%
60 month 8.30% 8.40% 8.50% 8.60%

Fixed Deposit: Annual Effective Rates

Published at 2024-08-20

Period R10 000 -
R249 999.99
R250 000 -
R499 999.99
R500 000 -
R999 999.99
R1 000 000 +
1 month 7.34% 7.44% 7.55% 7.71%
3 month 7.55% 7.66% 7.76% 7.87%
6 month 7.71% 7.82% 7.92% 8.03%
9 month 7.82% 7.92% 8.03% 8.14%
12 month 8.25% 8.35% 8.46% 8.57%
24 month 8.19% 8.30% 8.41% 8.52%
36 month 8.19% 8.30% 8.31% 8.52%
48 month 8.25% 8.35% 8.46% 8.57%
60 month 8.62% 8.73% 8.84% 8.95%
Nominal rate per annum (NACM): This is the annualised interest rate that you will earn daily and is capitalised monthly. This rate does not take into account the compounding interest effect.
Annual Effective Interest rate: Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.

FIXED DEPOSIT


Maximum nominal interest rate over 60 months

8.60%

Minimum opening deposit of R10 000.

An investment account with a fixed term, typically giving you a higher interest rate than investments available overnight or with notice.

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INTEREST RATES

Interest rates are tiered and fixed for the period of your investment

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