Rates lowered. But still attractive looking at historic rates
Another rate update.
- 5-year RSA Retail Bond rates reduced by 1.5%. Effective 5-year now 10.25%. Still high compared to history.
- 5-year AfricanBank rates now rank as best in SA again at 11.3%
- Banks have further reduced rates across 3, 6, 12 ,2-year & 3-year.
- Example: Last month you would have gotten a one-year deposit of 8.35% with AfricanBank. This has been reduced to 7.23% (effective). Most other banks have done the same
- I have added Bidvest's deposit rates, which are quite competitive
Have a good week. Stay safe.