Fixed-term savings

Earn higher interest with our free fixed-deposit savings plans. Get started on our app.

Single Deposit Rates Multiple Deposit Rates Global One FAQs

Benefits

Reinvest the interest or transfer it to your main savings account
The interest rate is fixed for the full term
Your money becomes available on the maturity date
After maturity, the account becomes a access anytime savings plan, which you can refix
No monthly admin fee

Single deposit fixed-term savings

You choose how long you want to invest (6 – 60 months)
Deposit a single amount up to a maximum of R20 million to invest over the term you choose
Minimum deposit amount of R10 000
Earn up to 8.85% interest (nominal interest rate)

Single deposit interest rates

Term (Months)	R10 000 - R49 999		R50 000 - R249 999		R250 000 - R999 999		R1 million +
	Nominal	Effective	Nominal	Effective	Nominal	Effective	Nominal	Effective
6	7.70%	7.98%	7.75%	8.03%	7.80%	8.08%	8.00%	8.30%
7 - 9	7.90%	8.19%	7.95%	8.25%	8.00%	8.30%	8.05%	8.35%
10 - 12	8.00%	8.30%	8.10%	8.41%	8.15%	8.46%	8.30%	8.62%
13 - 18	8.05%	8.35%	8.15%	8.46%	8.20%	8.52%	8.35%	8.68%
19 - 24	8.10%	8.41%	8.20%	8.52%	8.25%	8.57%	8.40%	8.73%
25 - 36	8.20%	8.52%	8.25%	8.57%	8.30%	8.62%	8.45%	8.79%
37 - 48	8.25%	8.57%	8.35%	8.68%	8.40%	8.73%	8.50%	8.84%
49 - 60	8.60%	8.95%	8.65%	9.00%	8.75%	9.11%	8.85%	9.22%

Term (Months)	R10 000 - R49 999		R50 000 - R249 999		R250 000 - R999 999		R1 million +
	Nominal	Effective	Nominal	Effective	Nominal	Effective	Nominal	Effective
6	7.70%	7.98%	7.75%	8.03%	7.80%	8.08%	8.00%	8.30%
7 - 9	7.90%	8.19%	7.95%	8.25%	8.00%	8.30%	8.05%	8.35%
10 - 12	8.00%	8.30%	8.10%	8.41%	8.15%	8.46%	8.30%	8.62%
13 - 18	8.05%	8.35%	8.15%	8.46%	8.20%	8.52%	8.35%	8.68%
19 - 24	8.10%	8.41%	8.20%	8.52%	8.25%	8.57%	8.40%	8.73%
25 - 36	8.20%	8.52%	8.25%	8.57%	8.30%	8.62%	8.45%	8.79%
37 - 48	8.25%	8.57%	8.35%	8.68%	8.40%	8.73%	8.50%	8.84%
49 - 60	8.60%	8.95%	8.65%	9.00%	8.75%	9.11%	8.85%	9.22%

R10 000 - R49 999
	Nominal	Effective
6	7.70%	7.98%
7 - 9	7.90%	8.19%
10 - 12	8.00%	8.30%
13 - 18	8.05%	8.35%
19 - 24	8.10%	8.41%
25 - 36	8.20%	8.52%
37 - 48	8.25%	8.57%
49 - 60	8.60%	8.95%
R50 000 - R249 999
	Nominal	Effective
6	7.75%	8.03%
7 - 9	7.95%	8.25%
10 - 12	8.10%	8.41%
13 - 18	8.15%	8.46%
19 - 24	8.20%	8.52%
25 - 36	8.25%	8.57%
37 - 48	8.35%	8.68%
49 - 60	8.65%	9.00%
R250 000 - R999 999
	Nominal	Effective
6	7.80%	8.08%
7 - 9	8.00%	8.30%
10 - 12	8.15%	8.46%
13 - 18	8.20%	8.52%
19 - 24	8.25%	8.57%
25 - 36	8.30%	8.62%
37 - 48	8.40%	8.73%
49 - 60	8.75%	9.11%
R1 million +
	Nominal	Effective
6	8.00%	8.30%
7 - 9	8.05%	8.35%
10 - 12	8.30%	8.62%
13 - 18	8.35%	8.68%
19 - 24	8.40%	8.73%
25 - 36	8.45%	8.79%
37 - 48	8.50%	8.84%
49 - 60	8.85%	9.22%

The nominal interest rate is used to calculate the daily interest earned on your account balance, which accumulates until it is capitalised on an agreed date every month. The interest is then either reinvested or transferred to your savings account.

The effective annual interest rate is calculated by taking into account the fact that interest is earned on capitalised interest over a period 12 months.

Multiple deposit fixed-term savings

You choose how long you want to invest (6 – 60 months)
You decide how much and how often you would like to deposit, up to a total of R1 million
Earn up to 7.60% interest (nominal interest rate)

Multiple deposit interest rates

Term (Months)	R0 - R9 999		R10 000 - R74 999		R75 000 - R249 999		R250 000+
	Nominal	Effective	Nominal	Effective	Nominal	Effective	Nominal	Effective
6	2.25%	2.27%	7.15%	7.39%	7.20%	7.44%	7.25%	7.50%
7 - 9	2.25%	2.27%	7.20%	7.44%	7.25%	7.50%	7.30%	7.55%
10 - 12	2.25%	2.27%	7.25%	7.50%	7.30%	7.55%	7.35%	7.60%
13 - 18	2.25%	2.27%	7.30%	7.55%	7.35%	7.60%	7.40%	7.66%
19 - 24	2.25%	2.27%	7.35%	7.60%	7.40%	7.66%	7.45%	7.71%
25 - 36	2.25%	2.27%	7.40%	7.66%	7.45%	7.71%	7.50%	7.76%
37 - 48	2.25%	2.27%	7.45%	7.71%	7.50%	7.76%	7.55%	7.82%
49 - 60	2.25%	2.27%	7.50%	7.76%	7.55%	7.82%	7.60%	7.87%

Term (Months)	R0 - R9 999		R10 000 - R74 999		R75 000 - R249 999		R250 000+
	Nominal	Effective	Nominal	Effective	Nominal	Effective	Nominal	Effective
6	2.25%	2.27%	7.15%	7.39%	7.20%	7.44%	7.25%	7.50%
7 - 9	2.25%	2.27%	7.20%	7.44%	7.25%	7.50%	7.30%	7.55%
10 - 12	2.25%	2.27%	7.25%	7.50%	7.30%	7.55%	7.35%	7.60%
13 - 18	2.25%	2.27%	7.30%	7.55%	7.35%	7.60%	7.40%	7.66%
19 - 24	2.25%	2.27%	7.35%	7.60%	7.40%	7.66%	7.45%	7.71%
25 - 36	2.25%	2.27%	7.40%	7.66%	7.45%	7.71%	7.50%	7.76%
37 - 48	2.25%	2.27%	7.45%	7.71%	7.50%	7.76%	7.55%	7.82%
49 - 60	2.25%	2.27%	7.50%	7.76%	7.55%	7.82%	7.60%	7.87%

R0 - R9 999
	Nominal	Effective
6	2.25%	2.27%
7 - 9	2.25%	2.27%
10 - 12	2.25%	2.27%
13 - 18	2.25%	2.27%
19 - 24	2.25%	2.27%
25 - 36	2.25%	2.27%
37 - 48	2.25%	2.27%
49 - 60	2.25%	2.27%
R10 000 - R74 999
	Nominal	Effective
6	7.15%	7.39%
7 - 9	7.20%	7.44%
10 - 12	7.25%	7.50%
13 - 18	7.30%	7.55%
19 - 24	7.35%	7.60%
25 - 36	7.40%	7.66%
37 - 48	7.45%	7.71%
49 - 60	7.50%	7.76%
R75 000 - R249 999
	Nominal	Effective
6	7.20%	7.44%
7 - 9	7.25%	7.50%
10 - 12	7.30%	7.55%
13 - 18	7.35%	7.60%
19 - 24	7.40%	7.66%
25 - 36	7.45%	7.71%
37 - 48	7.50%	7.76%
49 - 60	7.55%	7.82%
R250 000+
	Nominal	Effective
6	7.25%	7.50%
7 - 9	7.30%	7.55%
10 - 12	7.35%	7.60%
13 - 18	7.40%	7.66%
19 - 24	7.45%	7.71%
25 - 36	7.50%	7.76%
37 - 48	7.55%	7.82%
49 - 60	7.60%	7.87%

The effective annual interest rate is calculated by taking into account the fact that interest is earned on capitalised interest over a period 12 months.

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