Best savings & fixed deposit rates in South Africa (2026)

By the Rateweb editorial team · How we rate · Product details checked 24 Jul 2026

Compare interest rates on fixed deposits and savings accounts from South African banks. Fixed-deposit rates change often — figures are indicative and verified June 2026, so always confirm the current rate with the provider before investing.

🏆 Our top picks
Top rate African Bank Fixed/Notice Deposit ★ 4.6/5 — see why ↓ Best all-rounder Capitec Fixed-Term Savings ★ 4.5/5 — see why ↓ Best flexible saver GoTyme Bank Fixed Deposit & GoalSave ★ 4.4/5 — see why ↓ Safest option RSA Retail Savings Bonds ★ 4.3/5 — see why ↓

⭐ Ratings & awards are Rateweb's independent editorial opinion — how we rate.

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🏆 Top rate Highest rate

African Bank Fixed/Notice Deposit

Consistently among the highest fixed-deposit rates in South Africa.
★★★★★
4.6/5 · How we rate
Rate4.9
Access4.0
Safety4.4
Ease4.4
Up to 8.81% effective (60 months, tracked Jul 2026)
Rate
3–60 months
Term
From R500
Min
fixed
Access
Pros
  • Market-leading rates (around 11%+ on 12 months)
  • No monthly fees
  • Capital protected
Cons
  • No access before maturity (fixed)
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account
🏆 Best all-rounder

Capitec Fixed-Term Savings

Strong fixed rates and a flexible multi-savings setup, all in the app.
★★★★★
4.5/5 · How we rate
Rate4.6
Access4.3
Safety4.5
Ease4.7
Up to 7.87% effective (49-60 months, published early-2026 table)
Rate
6–60 months
Term
From R10,000
Min
fixed
Access
Pros
  • Competitive rates (around 10%+ on 12 months)
  • Open and manage in the app
  • No monthly fees
Cons
  • Top rate needs the full term
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account
🏆 Best flexible saver

GoTyme Bank Fixed Deposit & GoalSave

High interest with the flexibility of bonus rates the longer you leave it.
★★★★☆
4.4/5 · How we rate
Up to 8.86% effective (24 months, advertised Jul 2026)
Rate
Instant or fixed
Term
No minimum
Min
instant
Access
Pros
  • High interest with no monthly fee
  • Bonus rate the longer you save
  • Instant access on GoalSave
Cons
  • Top rate needs a notice period
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account
🏆 Safest option

RSA Retail Savings Bonds

Government-backed bonds with competitive fixed or inflation-linked rates.
★★★★☆
4.3/5 · How we rate
8.00%-8.50% fixed (official July 2026 table)
Rate
2–5 years
Term
From R1,000
Min
fixed
Access
Pros
  • Backed by the National Treasury
  • Competitive fixed or inflation-linked rates
  • No fees
Cons
  • Minimum R1,000, 2–5 year terms
  • Early withdrawal restrictions
Open account

Nedbank Fixed Deposit

Big-bank fixed deposits that get more competitive with larger balances.
★★★★☆
4.0/5 · How we rate
Tiered (indicative)
Rate
3–60 months
Term
fixed
Access
Pros
  • Rates improve with deposit size
  • Optecis/notice options
  • Big-bank security
Cons
  • Entry rates trail the leaders
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account

Standard Bank Fixed Deposit

Flexible fixed deposits with a low entry amount.
★★★★☆
4.0/5 · How we rate
Tiered (indicative)
Rate
1–60 months
Term
fixed
Access
Pros
  • Low minimum deposit
  • Choose your term
  • Big-bank security
Cons
  • Rates trail specialist banks
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account

Absa Fixed Deposit

Fixed and notice deposits with guaranteed returns.
★★★★☆
4.0/5 · How we rate
Tiered (indicative)
Rate
1–60 months
Term
fixed
Access
Pros
  • Guaranteed return
  • Range of terms
  • Big-bank security
Cons
  • Rates trail the top payers
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account

FNB Savings & Fixed Deposit

Flexible savings pockets plus fixed deposits, managed in the app.
★★★★☆
4.0/5 · How we rate
Tiered (indicative)
Rate
Instant or fixed
Term
instant
Access
Pros
  • Flexible savings pockets
  • Manage in a top-rated app
  • eBucks for customers
Cons
  • Headline rates trail specialists
  • Rates are indicative (June 2026) and change often — confirm the current rate before investing.
Open account

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.

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