Fixed deposits update for January 2022

Good news

Happy new year. Here is another fixed deposit rates update. The first of the year.

The most notable change this month is...

SA Retail bonds - my personal favourite fixed deposit investment - dropped their two year rate by 1% to 5.75%. Both the 3-year and 5-year fixed rates on offer decreased by 0.5%. Nevertheless, SA Retail Bonds still provide the best rate you can get.

Capitec increased their rates on offer. Their two-year fixed deposit rate has increased by 0.7%. Nice!

PS. if you missed my newsletter last month - check out my TymeBank review. I use it for emergency savings. You can check out the TymeBank review here.

Cheers Walter