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Highest tax-free savings account rate: 7.30% nominal

12 offers from 4 institutions · Tax-free savings accounts.

Highest nominal

7.30%
Nedbank
Tax-free Fixed Deposit Account · 12 Months · R25,000 - R249,999 · fixed

recorded 2026-11-01 · source ↗

12 offers4 institutionsmedian 7.09%

Spread of recorded rates

0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%
01
Nedbank
Tax-free Fixed Deposit Account
Tax-free savings · 12 Months · R25,000 - R249,999 · fixed · View at bank ↗
7.30 % nominalrecorded 2026-11-01
02
Nedbank
Tax-free Fixed Deposit Account
Tax-free savings · 12 Months · R250,000 - R999,999 · fixed · View at bank ↗
7.30 % nominalrecorded 2026-11-01
03
Nedbank
Tax-free Fixed Deposit Account
Tax-free savings · 12 Months · R1,000,000 - R99,999,999 · fixed · View at bank ↗
7.30 % nominalrecorded 2026-11-01
04
Standard Bank
Tax-Free Call investment account
Tax-free savings · R 100 000 and above · View at bank ↗
7.28 % nominalrecorded 2026-11-01
05
GBS Mutual Bank
Tax Free Savings Accounts
Tax-free savings · 7-day call · 7 days' notice · View at bank ↗
7.25 % nominalrecorded 2026-11-01
06
Nedbank
Tax-free Fixed Deposit Account
Tax-free savings · 12 Months · R1,000 - R24,999 · fixed · View at bank ↗
7.15 % nominalrecorded 2026-11-01
07
Standard Bank
Tax-Free Call investment account
Tax-free savings · R 50 000 - R 99 999 · View at bank ↗
7.03 % nominalrecorded 2026-11-01
08
Discovery Bank
Tax-Free Demand Savings Account
Tax-free savings · View at bank ↗
7 % nominalrecorded 2026-11-01
09
Standard Bank
Tax-Free Call investment account
Tax-free savings · R 33 000 - R 49 999 · View at bank ↗
6.93 % nominalrecorded 2026-11-01
10
Standard Bank
Tax-Free Call investment account
Tax-free savings · R 15 000 - R 32 999 · View at bank ↗
6.73 % nominalrecorded 2026-11-01
11
Standard Bank
Tax-Free Call investment account
Tax-free savings · R 250 - R 14 999 · View at bank ↗
6.58 % nominalrecorded 2026-11-01
12
Standard Bank
Tax-Free Call investment account
Tax-free savings · R 0 - R 249 · View at bank ↗
0.00 % nominalrecorded 2026-11-01
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Questions

What is the best tax-free savings account rate in South Africa right now?

Nedbank Tax-free Fixed Deposit Account (12 Months · R25,000 - R249,999) at 7.30% nominal, recorded 1 Nov 2026. RateSonar compared 12 offers from 4 institutions on the same basis.

Are these rates current?

Each row shows the date RateSonar last recorded it from the bank's page. Pages are captured twice a day; a row that could not be refreshed keeps its last recorded date and drops out of the ranking after three days.