RSA Retail bonds offer highest rates since their launch in 2004
Latest rate update.
- 5 year SA Retail Bonds now offering 11.8% pa (effective rate)! This is the highest t-year rate offered in SA. Also the highest rate in RSA Retail bond history since their launch in 2003. National Treasury have alluded to some funding issues and thus are offering a very decent spread above government bond yields, which have also shot up during the Covid-19 crisis.
- Meanwhle most SA banks are lowering their fixed deposit rates on offer
- AfricanBank has still not dropped their 5 year fixed deposit rate. Primarily because it is a great advertising tool
Have a good week. Stay safe.