Deposits in South Africa
3 resultsChoose a great savings account and grow your money
Data 2 institutions · Site updated 21.09.2026 · Redirecting to the bank's official site
GT
GoTyme BankGoalSave
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
BZ
Bank ZeroSavings 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
BZ
Bank Zero45-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+
Site updated:
This page brings together 3 deposits from South African banks — 2 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 | — | ✓ |
| Bank Zero | 45-Day Notice Deposit | 4.85–7.22% | On request | On request | — | ✓ |
| 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