12-month Fixed Deposit

Competitive returns. Capital guaranteed

Retiree woman and man laughing

12 months

Fixed term

R100,000

Minimum deposit

5.54%*

Annual effective rate

12-month fixed deposit savings account

Keeping your hard-earned savings safe is something we have all come to appreciate over the past year. This is why our 12-month fixed deposit is a great choice. With competitive rates, no monthly fees and capital guaranteed. Your savings are safe.

The benefits of a fixed deposit include that you can rely on the rate you earn as it is fixed for the period of your investment and your capital is guaranteed.

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

*Annual effective rate. T&C's apply. 

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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, our fixed deposit accounts bring you exceptional 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 fixed deposit account

    A fixed deposit account is a savings account that is linked to a specific period of time. Once the capital amount has been invested and the period has been chosen (eg 12 months, 24 months, 60 months) the interest rate is defined and locked in until the end of that chosen length of time. 

  • 2. How does a fixed deposit account work

    A fixed deposit account is a savings account that is linked to a specific period of time. Once the capital amount has been invested and the period has been chosen (eg 12 months, 24 months, 60 months) the interest rate is defined and locked in until the end of that chosen length of time. 

  • 3. What are the benefits of a fixed deposit

    The benefit of a fixed deposit account is that generally the interest earned is higher than that on an instant access or notice deposit account. The interest rate is locked in and does not change throughout the period. Most financial institutions offer a capital guarantee on the amount invested. 

  • 4. Can I get monthly interest on fixed deposit

    Yes. Depending on your financial institution you can either choose to get paid your interest monthly or compound your interest until the end of the period. 

  • 5. Is interest on a fixed deposit taxable

    Yes.

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

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

  • 7. What is the risk of fixed deposit

    One risk of a fixed deposit is that your capital is locked away for the chosen period and you will not have access to this until the period has ended without incurring a penalty fee. Additional risks may exist depending on your particular financial institution.

  • 8. What is the minimum amount for fixed deposit

    The minimum amount for a fixed deposit depends on the financial institution you choose to save with as these vary.