Fixed Deposit

Your money grows here!

With the best fixed deposit rates in the market

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

Now with even better interest

We've just increased our rates! Whether you're saving short term or long term, you'll get some of the highest fixed deposit returns available:

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%

Nominal annual interest rate is the annual rate used to calculate interest on your fixed deposit for the selected term.
Annual effective rate shows the annual return over 12 months if your deposit and interest are reinvested at the same rate at the end of each term.
Interest at maturity shows the annual return over 12 months if interest is paid out at the end of each term and is not reinvested.

Rates are per year, fixed for the full term, and quoted upfront so you can plan your savings with confidence.

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.

How to start saving

All you need is a GoTyme Bank account. No paperwork, no monthly fees.

Step 1: Log into the app.

Step 2: Tap on "Savings"

Step 3: Select "Fixed Deposit."

Step 4: Tap the “+” button to open a new account.

Step 5: Enter the amount you want to deposit, then tap “Select” to choose your term. Once you’ve chosen your term, tap “Next.”

Step 6: Choose what you’d like to happen when your term ends — either redeposit the money or close the account and have the funds paid into your current account.

Step 7: Tap “Next.”

Step 8: Name your account, then tap “Next” again.

Step 9: Review the important notice, then tap “Next” once more.

Step 10: Once you’ve confirmed all the details are correct, tap “Confirm.”

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.

Try Fixed Deposit Calculator

In less than 5 minutes, your savings journey begins.

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