Best Fixed Deposit Rates for December 2020

Best 12 Month Rates for individuals younger than 55

* rates last updated 22nd December
1

Rank

African Bank

visit africanbank.co.za

6.51 %

effective annual rate

R 651

total earnings (*)

2

Rank

Sasfin

visit sasfin.com

6.11 %

effective annual rate

R 611

total earnings (*)

3

Rank

Bidvest

visit bidvestbank.co.za

6.06 %

effective annual rate

R 606

total earnings (*)

4

Rank

Discovery Bank

visit discovery.co.za

5.95 %

effective annual rate

R 595

total earnings (*)

5

Rank

Capitec

visit capitecbank.co.za

4.83 %

effective annual rate

R 483

total earnings (*)

6

Rank

Absa

visit absa.co.za

3.82 %

effective annual rate

R 382

total earnings (*)

7

Rank

Nedbank

visit nedbank.co.za

3.55 %

effective annual rate

R 355

total earnings (*)

8

Rank

FNB

visit fnb.co.za

3.2 %

effective annual rate

R 320

total earnings (*)

9

Rank

Standard Bank

visit standardbank.co.za

2.53 %

effective annual rate

R 253

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 10 000 investment. Interest paid out at maturity