Standard Bank Fixed Deposit Calculator

What is Standard Bank's fixed deposit rate for 2026?

Standard Bank's indicative 12-month fixed deposit rate is around 8.50% per year for a typical retail deposit (R50,000+) as of April 2026. Shorter terms earn less (7.25–8.00% for 3–6 months), and longer terms (24–60 months) can reach 9.0–9.25%. Rates are not published on a live tariff sheet — contact the bank or log in for a current quote tied to your deposit size.

What happens to my Standard Bank fixed deposit at maturity?

Unless you give instructions before the maturity date, Standard Bank typically automatically renews a maturing fixed deposit at the prevailing rate for the same original term. If you want to withdraw or reinvest at a different term, log into the app or contact Standard Bank at least 24–48 hours before the maturity date. It's worth marking maturity date in your calendar — auto-renewal at a rate you didn't actively choose can mean missing a better deal.

Is Standard Bank's fixed deposit covered by the deposit guarantee?

Yes. Standard Bank is a member of the Corporation for Deposit Insurance (CODI), the SA statutory deposit guarantee scheme established under the Financial Sector Regulation Act. CODI covers qualifying deposits up to R100,000 per depositor per bank. For amounts above R100,000, the guarantee covers only the first R100,000. This is a statutory protection — not an additional benefit — and applies the same way at all four major SA banks.

Can I open multiple Standard Bank fixed deposits?

Yes — you can hold multiple fixed deposits at Standard Bank at the same time, each with its own term and amount. This is the 'laddering' strategy: split your capital across FDs maturing at different intervals (e.g. 3, 6, 12, and 24 months) so some cash becomes available at regular intervals without breaking the longer-term deposits. Useful if you want the higher rate of a longer term but aren't sure you can commit all your capital.

How do I declare my Standard Bank fixed deposit interest to SARS?

Standard Bank issues an IT3(b) certificate after the end of each tax year (February) showing total interest received in that year. Log into Standard Bank online banking to download it. Use this figure in the 'Local Interest' section of your SARS eFiling return. Remember the annual exemption (R23,800 under 65, R34,500 for 65+) applies across all interest sources combined — not per bank.