Savings and deposits
Compare High-Interest Savings Accounts in South Africa
A higher advertised savings rate often depends on the balance, a notice period, a fixed term or a bonus that ends. The conditions stay next to the rate.
Rates and account terms may change. Confirm the current details with the provider. Information checked 28 October 2026.
Before you compare
- An 'up to' rate is the top of an advertisement. It is not the rate on the first rand.
- Some products in this group are notice deposits or fixed terms. The higher figure can be the price of waiting.
- Nothing on this page is sorted from highest rate to lowest, because the measures are not the same.
Compare providers
Each card uses the product published for this page. A missing rate or fee is left blank. It is not shown as zero. The button opens the provider's own website.
15 of 15 products. A product stays in the list when its minimum is not published. It is removed only when a published minimum is above the amount you enter. Rates are not sorted from highest to lowest.
- Interest rate
- 7.05%–7.75% by balance, Sep 2026
- Minimum deposit
- R100 000
- Access
- Immediate
The provider published a range. It is not one rate for every balance or term.
Charges. No monthly management fee reported
Advantages
- Immediate access
- Rate tiers disclosed
Considerations
- R100,000 normal minimum
- Rate varies
- Private-bank exception
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. rates last reviewed 25 September 2026
Dynamic Fixed Deposit
Fixed deposit
Access follows the term. Early withdrawal depends on the bank's rules.
- Interest rate
- Up to 9.82% advertised
- Minimum deposit
- R1 000
- Access
- Fixed maturity; partial access terms
This is an advertised maximum. It is not the rate on every balance.
Charges. Verify early-access rules
Advantages
- Fixed-deposit alternative with conditional liquidity
Considerations
- Headline rate only
- Access conditions
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
- Interest rate
- Up to 7.90% advertised
- Minimum deposit
- R1 000
- Access
- Subject to product notice
This is an advertised maximum. It is not the rate on every balance.
Charges. Confirm withdrawal provisions
Advantages
- Lower opening amount
- Partial access feature advertised
Considerations
- Partial access conditions require product verification
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
- Interest rate
- 2.00%–6.25% indicative range
- Minimum deposit
- Confirm with the bank
- Access
- Immediate
The provider published a range. It is not one rate for every balance or term.
Charges. No early-access fee
Advantages
- Up to 10 goals
- Flexible deposits
Considerations
- Rate depends on balance
- Variable
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Fixed-Term Savings
Fixed deposit
Access follows the term. Early withdrawal depends on the bank's rules.
- Interest rate
- 2.00%–8.40% advertised range
- Minimum deposit
- Confirm with the bank
- Access
- At maturity
The provider published a range. It is not one rate for every balance or term.
Charges. Early access fee may apply
Advantages
- Fixed interest
- App-based account management
Considerations
- Locked to maturity
- Rate varies by deposit/term
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Notice Deposit 32-day
Notice deposit
A withdrawal waits out the notice period. It is not same-day cash.
- Interest rate
- 6.45%–7.60% nominal tier range
- Minimum deposit
- Confirm with the bank
- Access
- 32 days' notice
The provider published a range. It is not one rate for every balance or term.
Charges. Early access fee may apply
Advantages
- Competitive higher-balance rates
Considerations
- 32-day wait
- Early access charge possible
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Notice Deposit 7-day
Notice deposit
A withdrawal waits out the notice period. It is not same-day cash.
- Interest rate
- 4.00%–6.70% nominal tier range
- Minimum deposit
- Confirm with the bank
- Access
- 7 days' notice
The provider published a range. It is not one rate for every balance or term.
Charges. Early access fee may apply
Advantages
- Shorter notice option
- Tiered interest
Considerations
- Must give notice
- Low balances earn less
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Demand Savings Account
Bank savings account
A deposit at a bank. The rate can depend on the balance.
- Interest rate
- 4.50% nominal annual compounded monthly
- Minimum deposit
- Confirm with the bank
- Access
- Immediate
Published figure. Confirm it still applies before you open the account.
Charges. No monthly fee; EFT R15 on published fee page
Advantages
- No monthly fee
- Immediate access
Considerations
- Some transfers cost extra
- Check eligibility
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Fixed Deposit
Fixed deposit
Access follows the term. Early withdrawal depends on the bank's rules.
- Interest rate
- Check the current rate with the provider
- Minimum deposit
- Confirm with the bank
- Access
- At maturity
A current rate is not shown. The published figures did not agree.
Charges. Verify penalty
Advantages
- Longer-term rate options
Considerations
- Conflicting marketing maximum figures
- Must verify
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Hybrid Fixed Deposit
Fixed deposit
Access follows the term. Early withdrawal depends on the bank's rules.
- Interest rate
- 6.77%–7.35% sample rates by term/access share
- Minimum deposit
- Confirm with the bank
- Access
- Fixed term; accessible tranche
The provider published a range. It is not one rate for every balance or term.
Charges. Confirm early withdrawal
Advantages
- Can access 10%–30% portion
Considerations
- Less rate when more funds accessible
- Quote needed
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Notice Savings 32-day
Notice deposit
A withdrawal waits out the notice period. It is not same-day cash.
- Interest rate
- 7.20% published
- Minimum deposit
- R0 opening amount published
- Access
- 32 days' notice
Published figure. Confirm it still applies before you open the account.
Charges. No monthly fee advertised
Advantages
- No opening minimum stated
- 32-day choice
Considerations
- Delayed access
- Rates may change
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Cash Intelligence Investment
Bank savings account
A deposit at a bank. The rate can depend on the balance.
- Interest rate
- Check the current rate with the provider
- Minimum deposit
- R20 000
- Access
- Check account withdrawal terms
No single current rate is shown. Confirm it with the provider.
Charges. Verify transactions/fees
Advantages
- Documented minimum
- Daily calculation monthly capitalisation
Considerations
- Rates fluctuate
- Access needs confirmation
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Money Market Account (deposit)
Bank savings account
A deposit at a bank. The rate can depend on the balance.
- Interest rate
- 5.50%–6.75% indicated
- Minimum deposit
- R20 000
- Access
- On demand
The provider published a range. It is not one rate for every balance or term.
Charges. R40 monthly fee shown in product page
Advantages
- On-demand availability
- Bank deposit product
Considerations
- R20,000 minimum
- Monthly charge
- Not a unit trust
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
OptimumPlus (55+)
Fixed deposit
Access follows the term. Early withdrawal depends on the bank's rules.
- Interest rate
- 6.15%–10.25% rate-at-maturity range
- Minimum deposit
- R1 000
- Access
- At maturity
The provider published a range. It is not one rate for every balance or term.
Charges. No monthly fee
Advantages
- Designed for savers 55+
- Higher advertised rates
Considerations
- Age restriction
- At-maturity quoted rate not nominal annual rate
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. Confirm the current rate with the provider.
Notice Deposit
Bank savings account
A deposit at a bank. The rate can depend on the balance.
- Interest rate
- Up to 7.22% (rates effective 29 May 2026)
- Minimum deposit
- R250
- Access
- 7–60 days
This is an advertised maximum. It is not the rate on every balance.
Charges. Verify early access charge
Advantages
- Flexible notice length
- Low initial deposit
Considerations
- Notice required
- Variable tiers
Qualifying bank deposit. CODI cover, where it applies, is up to R100 000 per qualifying depositor at that bank.
Information checked 28 October 2026. rates effective 29 May 2026
Compare selected products
Choose up to three products on this page. This view does not rank a highest rate, and it does not treat a bank deposit, a unit trust and a government bond as the same product.
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Estimate how your savings could grow
Type your own amount and rate. A product card does not fill these fields, because a published range is not the rate on your balance.
How this product works
How a product gets into this group
The published comparison's category mapping is the rule. A marketing name that says high interest would not be enough on its own, and a product is not added to fill the page.
Bonus and tier conditions
Where the published comparison only gives a maximum, the card keeps that label. It does not turn the maximum into a personal rate.
Still a deposit, or not
Every card in this group is a bank deposit in the published comparison. Money market unit trusts are excluded, even if their yields look similar.
Are these savings protected?
The Corporation for Deposit Insurance, within the South African Reserve Bank, can protect qualifying depositors up to R100 000 of positive balances in qualifying products if their bank is placed in resolution. The cap is per qualifying depositor per bank, including interest that falls inside that balance, not per account. It does not cover money market unit trusts. It does not cover RSA Retail Savings Bonds. Each card says which of those descriptions applies.
Tax on savings interest
SARS's interest and dividends page, checked on 28 October 2026, shows a South African interest exemption for the 2027 year of assessment of R23 800 if you are under 65 and R34 500 if you are 65 or older. Interest above that can be taxable. The page says the 25 February 2026 budget made no change to those amounts. Money market fund distributions are not automatically taxed in the same way as bank interest. A tax-free savings account is a different product, with a R46 000 annual contribution limit and a R500 000 lifetime limit from 1 March 2026. This is general information, not tax advice.
How WiT Money compares these products
Each page keeps its own products. A bank savings rate is not lined up with a money market fund yield or an RSA Retail Savings Bond coupon. A missing rate stays blank.
Nothing is sorted as the highest rate or the best account. The default order is the provider name. A listed product is not a recommendation. No provider is paying for a placement. The button opens the provider's website.
Bank deposits, unit trusts and government bonds stay in separate groups. CODI is described only for a qualifying bank deposit.
How we compare · How we make money · Editorial guidelines · Corrections
Questions
Questions readers ask
Is this a best-buy list?
No. There is no ranking, no star rating and no claim that one bank pays the most. The group is this comparison's map.
Can I treat an 'up to' rate as my rate?
No. Read the balance, the term and the eligibility next to it. If those are missing, the card says the rate was not published as a single figure.
Should I move an emergency fund for a higher rate?
Only if you can still reach the money on the timetable you need. A notice or fixed product is a poor home for money you may need tomorrow.
Other savings pages
Sources
Page updated 28 October 2026. A source date is the day WiT Money checked that page, not a promise the institution has not changed it since.
- South African Reserve Bank
South African Reserve Bank · checked 28 October 2026
- Deposit insurance (CODI)
South African Reserve Bank · checked 28 October 2026
- Interest and dividends
South African Revenue Service · checked 28 October 2026
- Tax-free investments
South African Revenue Service · checked 28 October 2026
- RSA Retail Savings Bonds
National Treasury · checked 28 October 2026