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Interest Rates on ZAR Deposit

Interest rates on Savings Bank Accounts in % p.a w.e.f 27.05.2020

Daily Balance Of Interest Rate
Below Rand 10,000/- 2.25
Rand 10,000/- and above but below Rand 50,000/- 2.50
Rand 50,000 and above below Rand 100,000/- 2.50
Rand 100,000 and above 2.50

Interest Rates on Call Deposits (% p.a w.e.f. 27.05.2020)

Call Deposit Less than 25,000 25,000 to <100,000 100,000 to <1 mio 1 mio to 10 mio
Individual 0.00 3.00 3.00 on request
Corporate 0.00 3.00 3.00 on request

Interest Rates on Time Deposits / Recurring Deposits:
Interest Paid on maturity (% p.a w.e.f    27.05.2020)

Amount Tenor 000 upto <100,000 100,000 upto < 1,000,000
7  Days  to <3 Month 3.00 3.00
3 Month to <6 Month 3.00 3.00
6 Month to < 24 Month 3.50 3.50
24 Month to < 36 Month 4.50 4.50
36 Month to <120 Month 5.00 5.00
Please Note:
  • Rates for R 1.00 Mio and above on request only
  • Senior Citizens (age:65 years or more) on deposits of 24 months and above
        to get additional 25 bps interest.
  • All Interest rates are for single Deposit amounts.

 


USD deposits: (w.e.f 27.05.2020 in % p.a)

Tenor USD upto 500,000 USD 500,000 and above
CFC 0.25 0.50
Term Deposits Rates for term deposits on request only.


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