Our term deposits are part of the Government Deposit Guarantee (Financial Claims Scheme). For larger amounts please contact us to discuss your options. If the same term is no longer available, then the re-investment will be for the standard term closest to the original term.Īll term deposit rates are for amounts up to $1 million. Check out the best CD rates you can find at top online banks and credit. Unless advised otherwise, the interest earned on your term deposit will be re-invested with your principal deposit. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity. Where terms exceed 12 months, interest is capitalised annually.

Interest is paid on the date of maturity. For term deposit of 1m and over, rates are by negotiation and subject to acceptance. Interest is calculated on a per annum basis. Interest is calculated on the daily balance. Term deposit with interest paid fortnightly or monthly is optionally available for terms of 3 months or longer at a rate of 0.10 pa below the published rate. Gross rate of interest before deduction of government earnings tax. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.

You will need a minimum investment of R1,000 to get that interest rate. Interest rates and terms on offer may change at any time without notice. The best 5 year fixed deposit interest rate is 11.57 offered by SA Retail Bonds. Defence Bank offers standard (available at all times) and premium (an occasionally offered special rate on non-standard period) terms.

Banks term deposit interest rates