Best Fixed Deposit Rates for July 2020

Best 12 Month Rates for individuals younger than 55

1

Rank

African Bank

visit africanbank.co.za

7.01 %

effective annual rate

R 701

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

6.7 %

effective annual rate

R 670

total earnings (*)

3

Rank

Sasfin

visit sasfin.com

6.31 %

effective annual rate

R 631

total earnings (*)

4

Rank

Bidvest

visit bidvestbank.co.za

6.06 %

effective annual rate

R 606

total earnings (*)

5

Rank

Capitec

visit capitecbank.co.za

5.12 %

effective annual rate

R 512

total earnings (*)

6

Rank

Absa

visit absa.co.za

4.49 %

effective annual rate

R 449

total earnings (*)

7

Rank

Nedbank

visit nedbank.co.za

4.33 %

effective annual rate

R 433

total earnings (*)

8

Rank

FNB

visit fnb.co.za

4.02 %

effective annual rate

R 402

total earnings (*)

9

Rank

Standard Bank

visit standardbank.co.za

3.18 %

effective annual rate

R 318

total earnings (*)

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