Further decreases ...

Highlights:

  • rates on offer for most banks dropped further
  • RSA retail bonds stayed the same. Considering the advantages over retail bank fixed deposits - e.g the restart option - they are still one of the most attractive options for depositing long-term cash.
  • AfricanBank still the best rates at 5-year maturity @10.01% per annum effective rate

If you want to see how much interest will be paid for a custom amount, then you can check out the calculator here.

Stay safe. Walter

P.S I wrote a mini guide about RSA retail bonds at https://mymoneytree.co.za/rsa/part-1