Deposits in South Africa
13 resultsChoose a great savings account and grow your money
Data 8 institutions · Redirecting to the bank's official site
GoalSave
Popularup to 10%
p.a.
Rate6–10%
Amountup to R250 000
TermOn request
Open onlineR250,000 limit is shared across up to 20 GoalSave accounts, not per account10-day notice needed to keep the bonus rate
32Day Notice Account
Popularup to 7.8%
p.a.
Rate5.95–7.8%
Amountfrom R250
Term1 mo.
Open online32-day withdrawal noticePublished digital rates effective 26 September 2026
Notice Deposit Investment Account
Popularup to 7.22%
p.a.
Rateup to 7.22%
Amountfrom R250
Term7–60 mo.
Open onlineChoose 7, 21, 32, 45 or 60 days noticeRate depends on balance and notice period
Savings Account
up to 6.25%
p.a.
Rate4.75–6.25%
AmountAmount on request
TermOn request
Open onlineTiered by balance: 4.75% under R1,000, 6.25% at R1,000,000+Rate table effective from 29 May 2026
45-Day Notice Deposit
up to 7.22%
p.a.
Rate4.85–7.22%
AmountAmount on request
TermOn request
Open online45-day withdrawal notice required7.22% for balances of R1,000,000+
Tax-Free Savings Account
On request
p.a.
RateOn request
Amountfrom R1 000
TermOn request
Open onlineTax-free growth and withdrawals — shares the combined R46,000/year and R500,000 lifetime SARS limit across all your TFSA accounts, not just this oneImmediate access to funds, no monthly management fee
Tax-Free Fixed Deposit
up to 7.6%
p.a.
Rateup to 7.6%
AmountR30 000 – R36 000
Term12 mo.
Open online12-month fixed term — funds accessible only at maturitySame combined R46,000/year, R500,000 lifetime SARS limit as Absa’s flexible Tax-Free Savings Account
Tax-Free Cash Deposit
up to 7.2%
p.a.
Rateup to 7.2%
Amountfrom R300
TermOn request
Open online100% capital and quoted-return guarantee32-day notice required to access funds — not instant access
CB
Capitec BankTax-Free Savings Account
On request
p.a.
RateOn request
AmountAmount on request
TermOn request
Open onlineR300 fee for early access before the account’s agreed capitalisation dateNo monthly fees
32 Day Flexi Notice
On request
p.a.
RateOn request
Amountfrom R5 000
Term32 mo.
Open online32-day access noticeNo monthly fee
BB
Bidvest BankCall Account
On request
p.a.
RateOn request
Amountfrom R1 000
TermOn request
Open onlineImmediate access with no fixed periodRate increases with balance
BB
Bidvest BankNotice Account
On request
p.a.
RateOn request
Amountfrom R1 000
Term2–121 mo.
Open onlineChoose 2, 32, 41, 61, 91 or 121 days noticeAdditional deposits allowed
BB
Bidvest BankFixed Deposit Account
On request
p.a.
RateOn request
Amountfrom R10 000
Term2–12 mo.
Open onlineFixed term from 2 to 12 monthsInterest paid monthly, at maturity or reinvested
This page brings together 13 deposits from South African banks — 8 banks in total. The highest Rand rate is up to 10% p.a..
Rand deposit ranking — by rate
| Bank | Deposit | Rate | Term | Min. amount | Capital. | Top-up |
|---|---|---|---|---|---|---|
| GoTyme Bank | GoalSave | 6–10% | On request | On request | — | ✓ |
| Nedbank | 32Day Notice Account | 5.95–7.8% | 1 mo. | R250 | ✓ | ✓ |
| Absa Bank | Tax-Free Fixed Deposit | up to 7.6% | 12 mo. | R30 000 | — | — |
| Bank Zero | 45-Day Notice Deposit | 4.85–7.22% | On request | On request | — | ✓ |
| Standard Bank | Notice Deposit Investment Account | up to 7.22% | 7–60 mo. | R250 | ✓ | ✓ |
| FNB | Tax-Free Cash Deposit | up to 7.2% | On request | R300 | — | ✓ |
| Bank Zero | Savings Account | 4.75–6.25% | On request | On request | — | ✓ |
Frequently asked questions about deposits
What is the highest deposit rate in South Africa?
The highest Rand deposit rate in our catalogue is up to 10% p.a., though this varies by balance tier and notice period.
What is the minimum amount to open a deposit?
This varies by bank and product — check the "Min. amount" column in the table below.
Can I top up a deposit or withdraw early?
It depends on the product. Check the "Top-up" column in the table and the "early withdrawal" filter in the catalogue.
Are deposits insured?
Yes, retail deposits at South African banks are protected under the Corporation for Deposit Insurance (CODI) scheme.
See also