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| Early withdrawal | Allowed at bank's discretion; early-redemption charge applies (min R550; formula: 2.25% × value withdrawn × days to maturity / 365) |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.
Keep up with your financial status. Log on to JustMoney to check your credit score today.