What is a Fixed Deposit Rate?
A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change.
It offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like a wedding or a holiday. GHS 500. Minimum investment.
Best Fixed Deposit Rates In South Africa
Best 5-year fixed deposit rates
Best 3-year fixed deposit rates
Best 2-year fixed deposit rates
Best 1-year fixed deposit rates
Best 6-month fixed deposit rates
Best 3-month fixed deposit rates
Which South African bank has the highest interest rate for fixed deposits?
Access Bank
The highest interest rate in South Africa for a fixed deposit account is the Access Bank 60 months fixed deposit account which offers an interest rate of 11.60% pa.
The account allows account holders to withdraw or recapitalize their interest. If capitalized, interest earned during the period is 15.62%.
Who has the best-fixed interest in South Africa?
The best interest rate is 12.24% offered by Access Bank Plc on a 5-year fixed deposit investment.
This is the highest interest rate you will be able to get in South Africa. This rate is fixed for 5 years.
Which account has a high interest rate in South Africa?
Here are the highest paying savings accounts for an R5 000 deposit in South Africa
| # 1 | Absa Cash Invest Tracker Min Deposit: R0 | 8.4% |
|---|---|---|
| # 2 | Absa Cash Invest Tracker Min Deposit: R0 | 8.4% |
| # 3 | Mercantile Call account Min Deposit: R1k | 6.75% |
| # 4 | FNB Savings Account Min Deposit: R1 | 6.55% |
| # 5 | TymeBank GoalSave Min Deposit: R1 | 6% |