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Interest Rates on ZAR Deposit

Interest rates on Savings Bank Accounts in % p.a w.e.f 29.06.2015

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/- 2.75
Rand 100,000 and above 3.50

Interest Rates on Call Deposits (% p.a w.e.f. 01-04-2016)

Call Deposit Less than 25,000 25,000 to <100,000 100,000 to <1 mio 1 mio to 10 mio
Individual 0.00 4.00 4.50 on request
Corporate 0.00 4.00 4.50 on request

Interest Rates on Time Deposits / Recurring Deposits:
Interest Paid on maturity (% p.a w.e.f 01.08.2017)

Amount Tenor 10,000 upto <100,000 100,000 upto < 1,000,000
1 Month 6.50 6.50
2 Month 6.60 6.60
3 Month 6.80 6.80
6 Month 7.45 7.45
9 Month 7.55 7.55
12 Month 7.85 7.85
18 Month 8.10 8.10
24 Month 8.25 8.25
36 Month 8.50 8.50
48 Month 8.60 8.60
60 Months 9.00 9.00
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.

Interest Rates on Special Time deposit Scheme for Senior Citizen
(age 55 years and above): Interest paid on maturity (w.e.f 01.08.2017)

Customer Type Minimum Amount of Deposit Maturity Rate of Interest
Individual R 25,000 24 Months 8.50% p.a

Interest Rates on Special Time deposit Scheme
Interest paid on maturity (w.e.f 01.08.2017). 

Maturity Rate of Interest
333 Days 7.85% p.a
555 Days 8.10% p.a
999 Days 8.50% p.a
Please Note:
  • Minimun Amount R 25,000.00
  • Interest compounded quarterly
  • Interest paid on maturity

USD deposits: (w.e.f 01-11-2013) (Rates in % p.a)

Tenor USD upto 500,000 USD 500,000 and above
CFC 0.10 0.12
Term Deposits Rates for term deposits on request only.


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