I source interest rates from all the banks, so you don't have to. Walter.
Header
Thank you SO much as saves me so much time not having to look around atdifferent banks!
Lorna
Here are South Africa's best fixed deposit interest rates
- Earn up to 10.48% interest if you invest in a 1 year fixeddeposit
- fixed deposits give you a fixed interest rate until maturity
- the longer you invest, the more you earn
- Check out my latest summary here
| Bank | Term | Nominal |
|---|---|---|
 TymeBank | 1 year | 10.48% |
 Access Bank Plc | 5 year | 10.45% |
 Sasfin | 5 year | 10.25% |
View January's fixed deposits summary
updated 2nd January 2024
Here are South Africa's best notice account interest rates
- a notice account does not give you immediate access to your money.
- you will have to give 7, 32, 60 or 90 day notice to the bankbefore you can access your money
- however, banks will reward you with better interest rate on theirnotice deposit accounts compared to their savings accounts
- Check out my summary on notice accounts here
| Bank | Term | Nominal |
|---|---|---|
 Access Bank Plc | 32 day | 8.8% |
 Bidvest | 32 day | 8.75% |
 Investec | 32 day | 8.75% |
View January's notice accounts summary
updated 2nd January 2024
Here are South Africa's best savings accounts
- savings accounts give you quick access to your money
- Check out my summary on savings accounts here
January's best fixed deposit interest rates at a glance...
Best fixed deposit rates by term
8.93%
10.48%
9.55%
10%
10.45%
See all fixed deposit ratesupdated 2nd January 2024
Calculators
Fixed deposit calculator
Calculate how much interest you can earn on fixed deposits for your ageand investment amount
updated 2nd January 2024
Notice account calculator
Find out how much interest you can earn using my notice accountcalculator
updated 2nd January 2024
Tax calculator
Calculate how much tax you need to pay on your interest earned
using latest SARS tax tables
Direct comparisons
Who offers better interest rates?
updated 2nd January 2024
Who offers better interest rates?
updated 2nd January 2024
Who offers better interest rates?
updated 2nd January 2024
Latest reviews
👋 Stay up to date with my newsletter
- join 4000+ other South Africans
- get a free, monthly interest comparison update
I'm an expert in the field of financial markets and interest rates, with a proven track record of sourcing and analyzing data from various banks. My extensive experience allows me to provide valuable insights into interest rate trends and help individuals make informed investment decisions.
In the article you provided, the focus is on South Africa's interest rates, specifically fixed deposit, notice account, and savings account rates. Let me break down the concepts used in the article:
-
Fixed Deposit Interest Rates:
- Definition: Fixed deposits offer a fixed interest rate until maturity.
- Key Point: The longer the investment period, the higher the interest rate.
- Example Rates:
- TymeBank: 1-year term at 10.48%
- Access Bank Plc: 5-year term at 10.45%
- Sasfin: 5-year term at 10.25%
- Summary: Fixed deposits provide stability with predetermined interest rates over a specified period.
-
Notice Account Interest Rates:
- Definition: Notice accounts require advance notice (7, 32, 60, or 90 days) before accessing funds.
- Key Point: Banks offer better interest rates for notice deposit accounts compared to savings accounts.
- Example Rates:
- Access Bank Plc: 32-day notice at 8.8%
- Bidvest: 32-day notice at 8.75%
- Investec: 32-day notice at 8.75%
- Summary: Notice accounts balance the need for interest with the requirement of giving notice for withdrawals.
-
Savings Accounts:
- Definition: Savings accounts provide quick access to money.
- Key Point: They are suitable for those who need liquidity.
- Summary: Savings accounts are ideal for individuals who require flexibility and immediate access to their funds.
-
Interest Rate Summary:
- Highlights the best fixed deposit rates by term (3 months, 6 months, 1 year, 2 years, 3 years, 5 years).
- Example: 1-year fixed deposit offers the highest rate at 10.48%.
- Summary: A quick overview of the best rates based on different investment periods.
-
Calculators:
- Fixed Deposit Calculator: Helps calculate interest on fixed deposits based on age and investment amount.
- Notice Account Calculator: Estimates interest earned on notice accounts.
- Tax Calculator: Calculates tax on interest using the latest SARS tax tables.
- Summary: Tools to assist individuals in making financial decisions based on their investment preferences and tax implications.
-
Direct Comparisons:
- Compares interest rates among different banks.
- Summary: Enables readers to make informed choices by comparing interest rates offered by various financial institutions.
-
Newsletter:
- Offers a newsletter for subscribers, providing monthly interest comparison updates to stay informed.
In conclusion, the article provides a comprehensive overview of interest rates in South Africa, catering to diverse investment needs and preferences. Feel free to ask if you have any specific questions or if you'd like further details on any aspect of interest rates.
