A Fixed Deposit is an investment account where money is deposited for a fixed period of time and the interest does not fluctuate. A Fixed Deposit offers interest rates higher than ordinary savings accounts and is ideal if you want to save for a specific goal – like the deposit for a wedding or a year-end holiday.
You choose how long you want to invest – from one month to one year.
Features and benefits
Who can apply
If you’re over the age of 18 and serious about saving for a specific goal, a Fixed Deposit account is for you!
How to apply
Opening a Fixed Deposit account is easy! Just visit your nearest Standard Bank branch with your valid Identity Document and complete an application form.