Best Fixed Deposit Rates for May 2021

Best 12 Month Rates for individuals younger than 55

* rates last updated 5th May 2021
1

Rank

Bidvest

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5.9 %

effective annual rate

R 590

total earnings (*)

2

Rank

African Bank

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5.76 %

effective annual rate

R 576

total earnings (*)

3

Rank

Discovery Bank

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5.6 %

effective annual rate

R 560

total earnings (*)

4

Rank

Sasfin

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5.5 %

effective annual rate

R 550

total earnings (*)

5

Rank

Grobank

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4.95 %

effective annual rate

R 495

total earnings (*)

6

Rank

Capitec

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4.83 %

effective annual rate

R 483

total earnings (*)

7

Rank

Nedbank

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4.59 %

effective annual rate

R 459

total earnings (*)

8

Rank

Absa

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4.23 %

effective annual rate

R 423

total earnings (*)

9

Rank

FNB

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4.13 %

effective annual rate

R 413

total earnings (*)

10

Rank

Standard Bank

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3.72 %

effective annual rate

R 372

total earnings (*)

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