12-month fixed deposit

Whatever your reason, you can save with Investec

Retiree woman and man laughing

12 months

Fixed term


Minimum deposit amount

No bank account needed

Anyone can save

Daily interest rates

See the latest interest rate for the 12-month fixed deposit account below*

12 month Fixed Deposits Nominal* Period Effective
Individuals over 55 years of age 8.70% 9.06%
Individuals under 55 years of age 8.70% 9.06%
12 month Fixed Deposits Nominal* Period Effective
Individuals over 55 years of age 8.70% 9.06%
Individuals under 55 years of age 8.70% 9.06%

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12-month fixed deposit savings account

We all have our reasons to save. For someone we love, something we want, an experience. Having choice on a rainy day, or a little extra to make the mundane magical. You have reasons enough, I’m sure, but here’s more: An Investec 12-month fixed deposit. You don’t need a private bank account and can save from R100 000. Your capital is guaranteed. 

Save today from R100,000 or more by getting in touch with our team.

Daily rates

Find out how much interest you will earn.


Save for longer-term goals with a fixed deposit savings account from Investec. Lock your funds away for 12 months and earn a competitive interest rate.

There are no monthly fees to erode your savings and your capital is guaranteed. Should you not need access to your savings for a fixed period of time, an Investec fixed deposit investment account will bring you competitive returns. 

More fixed deposit accounts

LiquidFixed Deposit

LiquidFixed Deposit account

A fixed deposit account designed for your unique requirements.

Prime-linked Fixed Deposit

Prime-linked Fixed Deposit account

Earn a fixed rate on your savings that is prime-linked, for a fixed period of time.
Saving for longer brings you higher returns.

Tax Free Fixed Deposit

Tax Free Fixed Deposit account

Maximise your returns with a product that is fully exempt from tax. Invest in a 12-month fixed deposit, earn a special rate and optimise your savings.

Frequently asked questions

  • 1. What is a 12-month term deposit?

    A 12-month fixed deposit is a savings account with a one-year investment period. The interest you earn depends on the amount of capital you invest, and is quoted as a per annum rate. 

  • 2. What are the benefits of a 12-month fixed deposit?

    A 12-month fixed deposit is an excellent vehicle for medium to long-term savings goals. You can earn higher interest rates with fixed deposit savings than through an instant access or notice deposit account, and reliably forecast how much your investment will earn over the life of the term with a fixed interest rate.

  • 3. Can I get monthly interest on fixed deposit?

    Yes, you can get paid your interest monthly, or compound your interest until the maturity date of the savings period. Interest is transferred into the bank account of your choice.

  • 4. Is interest on a fixed deposit taxable?


  • 5. Are there any tax restrictions on tax free deposits?

    Yes. Amounts exceeding the tax free allowance will be taxed in full.

  • 6. Is there any risk in a fixed deposit?

    The biggest risk of a fixed deposit is that your capital is locked away for the investment period and you will not have access to this until the term has ended without incurring an early withdrawal penalty fee. 

  • 7. What is the minimum amount for fixed deposit?

    The minimum amount required to open an Investec 12-month fixed deposit is R100,000.