Standard Bank Fixed Deposit Account Interest Rates

What are the Standard Bank fixed deposit account interest rates? Fixed deposit accounts are very popular with South Africans. They are great way through which to save some money while earning at better interests rates than you would otherwise get with savings accounts. We have previously outlined the overall interests that Standard Bank offers. In this post, we are zeroing in on interest rates on fixed deposit accounts. What are they and how do they compare with those that are offered by other banks.

Fixed deposit interest Standard Bank

The following are the current Standard Bank fixed deposit interest rates*;

Balances below R10 000

Investment TermInterest MonthlyInterest At Maturity
Month 17.35 %7.35 %
Month 27.35 %7.35 %
Month 37.5 %7.55 %
Month 47.5 %7.55 %
Month 67.95 %8.1 %
Month 97.95 %8.1 %
Month 128.29 %8.6 %
Month 188.36 %8.85 %
Month 248.31 %9.0 %
Month 368.35 %9.45 %
Month 488.52 %10.1 %
Month 608.8 %11.5 %

Balances between R10 000 and R99 999

Investment TermInterest MonthlyInterest At Maturity
Month 17.65 %7.65 %
Month 27.65 %7.65 %
Month 37.8 %7.85 %
Month 47.8 %7.85 %
Month 68.25 %8.4 %
Month 98.25 %8.4 %
Month 128.59 %8.95 %
Month 188.66 %9.2 %
Month 248.61 %9.35 %
Month 368.65 %9.85 %
Month 488.82 %10.5 %
Month 609.1 %11.45 %

Balances between R100 000 and R499 999

Investment TermInterest MonthlyInterest At Maturity
Month 17.805 %7.805 %
Month 27.854 %7.88 %
Month 37.952 %8.005 %
Month 47.998 %8.08 %
Month 58.046 %8.155 %
Month 68.645 %8.805 %
Month 78.807 %9.005 %
Month 88.918 %9.155 %
Month 98.979 %9.255 %
Month 109.088 %9.405 %
Month 119.17 %9.53 %
Month 129.231 %9.63 %
Month 189.63 %10.27 %
Month 249.65 %10.52 %
Month 369.74 %11.13 %
Month 489.94 %11.94 %
Month 6010.22 %13.0 %

How can you increase the interest on your Standard Bank fixed deposit account?

Those are the Standard Bank fixed deposit account interest rates. A lot of people will be looking to increase the interest on their investment, but how can that be done.

One thing to note is that the longer the term to which you are going to keep your money in a fixed deposit account, the more you are going to earn.

As an example, you can get up to 13% interest if you keep money above R100 000 for a term of 60 months, which is 5 years. However, keeping that money in your account for only 1 month earns you interest at 7.085%.

Another thing that’s worth noting is that the more money you invest, the more you interest you are likely to earn. Someone that invests R1 million in a fixed deposit account will get a bigger interest rate than someone that invests an amount that is less than R10 000.

Here is how to check your Standard Bank loan balance

Benefits of a Standard Bank fixed deposit account

In this article, we showed you the Standard Bank fixed deposit account interest rates. It was noted that fixed interest accounts are highly popular among South Africans. But what are there benefits.

The biggest is one that we have been talking about here. You get better interest rates on a fixed deposit account than when you leave you money in a normal account. In that regard, fixed deposit accounts are good investment accounts.

Most people get fixed deposit accounts because they wish to save up money towards a particular project. Maybe there is something that you wish to do at the end of a year. If you have the money already saved up, you should put it into a fixed deposit account so it earns interest.


This post was dedicated to giving you the Standard Bank fixed deposit account interest rates. Standard Bank offers some of the best interest rates in this regard. You can earn up to 13% interest per annum. You can choose to have interest paid out monthly or at the end of the term.

Find the requirements for opening an Edgars account

*The interest rates quoted here were valid as of 14 April 2023. They are subject to change without notice. Get in touch with Standard Bank for the latest rates

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