How Can I Get Maximum Returns From Fixed Deposit?

How can I get maximum returns from my fixed deposit account? It’s something that a lot of people have been asking about. We have extensively covered how to open fixed deposit accounts at various banks in South Africa on this site. This type of account is great for people who are looking to invest money in an instrument that offers better returns than are offered by normal savings accounts. Fixed deposit accounts are safe, but what can you do to improve those returns?

How to earn more on fixed deposit accounts

A lot of people in South African have been opening fixed deposit accounts. We have already noted that the interests that are offered there are better than what you get on normal accounts.

As an example, you can get up to 13% interest when you open this account at Standard Bank.

The good thing is that there are several steps that you can take to maximize the returns on your fixed deposit investment. The following tips should be helpful;

Invest bigger amounts

One thing that you can do to get maximum returns from your fixed deposit account is by investing more. In general, banks offer better interest rates to people investing high amounts of money.

To give an example, if you invest R10000 for 60 months with Standard Bank, you get an interest at maturity of 11.5%. Meanwhile, if you invest from R100 000 to R499 999, you get an interest rate of R13%.

So, investing bigger amounts is a good way of boosting your earnings. Of course, that’s not always possible. You will invest what you can afford to invest, but those who invest more will get better returns than you.

Choose a longer term for your investment

The interest rate that you get on your fixed deposit account also depends on the term that you choose for your investment. If you invest money for a month, you will get less than when you invest for 5 years.

So, choosing a longer term is the best option if you wish to maximize your returns. However, the challenge here is that most people open fixed deposit accounts with the idea of using the money at some point in the future.

As such, you may not have the luxury of leaving your money in your account for 5 years. That’s actually a very long time considering the inflation that has been happening of late. There is actually a danger that you could end up not earning that much because of this.

Open an account with a bank that offers the highest interest rates

You can also get maximum returns from your fixed deposit investment by making the investment with a bank that offers the highest interest rates.

Most people look to make these investments with their current banks. So, if you bank with Capitec, you will naturally wish to open a Capitec fixed deposit account.

However, Capitec may not necessarily be the bank offers the most returns. As an example, Capitec currently offers interest rates of up to 9.50% on fixed deposit accounts. That’s not the best that you can get on the market. We have already noted that with Standard Bank, you get up to 13% interest in some instances.

So, that’s something to keep in mind. You actually need to carry out real research to learn about the interest rates that are currently on offer at different banks in South Africa on fixed deposit investments.


In this article, we showed you how to get maximum returns from your fixed deposit investment. It was noted that fixed deposit accounts are very popular in South Africa. There are a number of things that you can do to improve your returns on such an account.

Learn how to open a fixed deposit account on Capitec

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