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Why choose a Fixed Deposit account?

  • Lock in your money for a set time, earn more, and avoid the temptation to dip into your savings. 
  • You decide how long you want to save - from 3 up to 36 months - and you’ll know exactly what you’ll earn. 
  • Your rate is fixed, guaranteed, and among the highest in South Africa. 
  • You can invest as little or as much as you like. Open one Fixed Deposit or many -  it’s completely up to you. 
  • When your term ends, you can either reinvest or move the funds to your Current Account. It’s all done easily through the app.
Fixed Deposit account opened on GoTyme Bank app
Term Nominal Annual Interest Annual Effective Interest at Maturity
3 Months 7.75% 7.98% 7.75%
6 Months 8.25% 8.42% 8.25%
12 Months 8.75% 8.75% 8.75%
24 Months 9.25% 8.86% 9.25%
36 Months 9.75% 8.93% 9.75%

Simple, clear returns.

With our fixed deposits, your interest is calculated at a simple fixed rate on your original deposit amount. That means it’s easy to see exactly how much you’ll earn over your chosen saving period.

No complicated calculations. No guesswork. Just a clear, predictable return from the day you invest. For example, if you save R10,000 for 12 months at 8.75%, you’ll get R10,875 back at the end of the 12 months.

Hand holding phone with GoTyme Bank app
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Savings goals are closer

Try our Fixed Deposit Calculator, which will enable you to determine both the amount you need to save and the duration required to achieve your goals.

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Try Fixed Deposit Calculator
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Couple using GoTyme Bank app