Rates dropping like flies

Here is another monthly rates update

  • 5-year RSA Retail Bond rates reduced AGAIN by 1.5%. They are back to pre Covid 19 levels. Effective rate is 8.68%.
  • 5-year AfricanBank rates now rank as best in SA again at 10.76%
  • We had another rate cut by the SARB & banks have reduced rates across the board.

Have a good week. Stay safe.