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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.  

10 September 2025

Standard Bank Fixed Deposit Account

Invest a once-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Early withdrawal Allowed at bank’s discretion; early-redemption charge applies (min R550; formula: 2.25% × value withdrawn × days to maturity / 365)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

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

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