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Qualifying criteria

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

Published at 2023-09-11

Period R10 000 -
R249 999.99
R250 000 -
R499 999.99
R500 000 -
R999 999.99
R1 000 000 +
1 month 7.60% 7.65% 7.70% 7.80%
3 month 7.85% 7.90% 7.95% 8.00%
6 month 8.00% 8.05% 8.10% 8.15%
9 month 8.15% 8.20% 8.25% 8.30%
12 month 8.55% 8.60% 8.65% 8.70%
24 month 8.65% 8.70% 8.75% 8.80%
36 month 8.75% 8.80% 8.85% 8.90%
48 month 8.85% 8.90% 8.95% 9.00%
60 month 9.15% 9.20% 9.25% 9.30%

Fixed Deposit: Annual Effective Rates

Published at 2023-09-11

Period R10 000 -
R249 999.99
R250 000 -
R499 999.99
R500 000 -
R999 999.99
R1 000 000 +
1 month 7.87% 7.92% 7.98% 8.08%
3 month 8.14% 8.19% 8.25% 8.30%
6 month 8.30% 8.35% 8.41% 8.46%
9 month 8.46% 8.52% 8.57% 8.62%
12 month 8.89% 8.95% 9.00% 9.06%
24 month 9.00% 9.06% 9.11% 9.16%
36 month 9.11% 9.16% 9.22% 9.27%
48 month 9.22% 9.27% 9.33% 9.38%
60 month 9.54% 9.60% 9.65% 9.71%
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Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.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

$SET_rate}

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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