Sorry savers ...

Highlights:

  • sorry dear savers but rates on offer were generally lower. Especially for short-dated fixed deposits.
  • RSA retail bonds stayed the same for three- and five-year bonds, but dropped by 0.5% for the two-year term. As mentioned last time, 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

Stay safe. Walter