Best Fixed Deposit Rates for August 2020

Best 12 Month Rates for individuals younger than 55

* rates last updated 1st Sep
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

6.46 %

effective annual rate

R 646

total earnings (*)

3

Rank

Sasfin

visit sasfin.com

6.11 %

effective annual rate

R 611

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

3.87 %

effective annual rate

R 387

total earnings (*)

7

Rank

Nedbank

visit nedbank.co.za

3.76 %

effective annual rate

R 376

total earnings (*)

8

Rank

FNB

visit fnb.co.za

3.71 %

effective annual rate

R 371

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