Standard Bank Fixed Deposit Account

The Standard Bank Fixed Deposit account offers you a fixed investment period ranging from 33 days to 5 years, allowing you to select the investment period that suits you best.

Invest a one-off lump sum for a term that suits you—from 33 days to 60 months—and lock in a fixed interest rate for the full period. Enjoy zero monthly admin fees, guaranteed capital, and the choice to have interest paid monthly or at maturity.

Tip: A budget calculator can help you manage your monthly budget and credit use.

Why choose this account?

Top, fixed rates: Longer terms earn higher rates and protect you against rate changes
Flexible terms: Choose from 33 days up to 60 months (five years)
No monthly fees & capital guaranteed: Keep more of your return while protecting your principal
Over-55 uplift: Customers 55+ with balances below R100 000 get an extra 0.50% p.a.
UCount Rewards: Earn Tiering Points on terms of 3 months or longer

How it works

Make a once-off deposit (from R1 000), select your term, and choose how your interest is paid (monthly/quarterly/annually or at maturity). Early withdrawals are discouraged and may be allowed with an early-redemption charge.

Updated product and fees (2025)

Notice period	Fixed term; access funds at maturity (early withdrawal fee may apply)
Investment period	33 days to 60 months
Opening balance	R1 000 minimum deposit
Maximum / headline rate	Up to 10.95% p.a. (rate at maturity, 60-month term; balances R10 000–R99 999)
Monthly fee	Zero monthly admin fee
Interest payout options	Monthly, quarterly, annually, or at maturity
Early withdrawal	Allowed at bank's discretion; early-redemption charge applies (min R550; formula: 2.25% × value withdrawn × days to maturity / 365)
Cash deposit fees (if used)	ATM: Free up to R3 000, then R1.60 per R100; Branch: R90 + R4 per R100
Statements & balance enquiry	Online statements Free; ATM print R1; Branch statement R75; Branch balance enquiry R20

Rates effective August 2025. Rate depends on balance and payout option. Balances ≥ R100 000: rate quoted on application. T&Cs apply.

Interest rate snapshot (balances R10 000–R99 999)

Term band	Interest paid monthly	Rate at maturity
33 days – <3 months	6.91%	6.91%
3 – <6 months	7.09%	7.15%
6 – <12 months	7.46%	7.55%
12 – <18 months	7.85%	8.15%
18 – <24 months	8.11%	8.60%
24 – <36 months	8.07%	8.75%
36 – <48 months	8.14%	9.20%
48 – 60 months	8.43%	10.00%
60 months	8.76%	10.95%

Balances below R10 000 have different rates. Over-55 customers with balances below R100 000 receive an extra 0.50% p.a. Rates may change—confirm at application.

Features and benefits

UCount Rewards: Earn Tiering Points when you choose a 3-month+ term
Digital convenience: Open/manage via Online Banking or the Banking App; link your bank card for easy access
Capital certainty: Principal is guaranteed; interest calculated daily and paid on your chosen schedule

Who it's best for

Savers who want rate certainty and can commit funds for a fixed term—e.g., building a home deposit, planning a vehicle purchase, or laddering terms to smooth cash-flows.

How to open an account

Apply online or in-app: Choose Fixed Deposit Investment and select your term
Fund with your lump sum: Minimum R1 000; higher balances may qualify for quoted rates
Pick your interest option: Monthly income or rate-at-maturity
Lock in your rate: Your rate is fixed for the full term

The Standard Bank Fixed Deposit Account delivers certainty, competitive fixed rates, and zero monthly fees—ideal for disciplined, goal-based saving.

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