Rates this week: prime 10.50%, best savings 8.86% — 14 August 2026
Quick answer
As of 14 August 2026, the repo rate is 7.00%, prime is 10.50% and the best savings rate on Rateweb's board is 8.86% (unchanged on the week). A R1m 20-year bond at prime costs about R9,984/month.
The weekly rates board is in — here is what changed and what it costs (or pays) you.
The board
| Rate | Now | This week |
|---|---|---|
| Repo rate | 7.00% | unchanged on the week |
| Prime lending rate | 10.50% | unchanged on the week |
| Best savings rate on our board | 8.86% | unchanged on the week |
| USD/ZAR | R16.19 | down 0.15 this week |
What prime means in rand
At prime of 10.50%, a R1 million bond over 20 years costs about R9,984 a month. Run your own numbers in the bond calculator (it prefills today's prime), or check what you qualify for with the qualification calculator.
Best savings rates right now
| Account | Nominal rate |
|---|---|
| GoTyme Bank Fixed Deposit & GoalSave | 8.86% |
| African Bank Fixed/Notice Deposit | 8.81% |
| RSA Retail Savings Bonds | 8.00% |
See the full list on our savings account comparison — rates are nominal and checked against provider sheets.
Make the week's rates work for you
The gap between the average and the best savings rate is money you are donating to your bank. The savings calculator shows what your balance does at any rate, the TFSA calculator adds the tax-free angle, and members get rate moves in their daily brief.
Keep exploring on Rateweb
- Bond calculator — prefilled with today's prime
- Debt payoff planner — higher rates make this the first move
- Two-pot withdrawal calculator — what a withdrawal really pays out
- Tax-free savings comparison — the R46,000-a-year tax shelter
- Fixed Deposit Interest: How to Calculate Exactly What You'll Earn
- Best Savings Accounts in South Africa: How to Actually Choose in 2026
- Notice Deposits vs Fixed Deposits: Which Earns More for Your Waiting Money
