Best Fixed Deposit Rates for September 2021



These are the best 12 month rates for individuals younger than 55 for a R 1,000,000 deposit.
* these rates were last updated 1st October 2021

1

Rank

African Bank

view all their rates here

5.76 %

effective annual rate

R 57 600

total earnings (*)

2

Rank

Sasfin

view all their rates here

5.75 %

effective annual rate

R 57 500

total earnings (*)

3

Rank

Bidvest

view all their rates here

5.69 %

effective annual rate

R 56 900

total earnings (*)

4

Rank

Standard Bank

view all their rates here

5.54 %

effective annual rate

R 55 400

total earnings (*)

5

Rank

Capitec

view all their rates here

5.12 %

effective annual rate

R 51 200

total earnings (*)

6

Rank

Grobank

view all their rates here

5.05 %

effective annual rate

R 50 500

total earnings (*)

7

Rank

Nedbank

view all their rates here

5.01 %

effective annual rate

R 50 100

total earnings (*)

8

Rank

Discovery Bank

view all their rates here

5.01 %

effective annual rate

R 50 100

total earnings (*)

9

Rank

Investec

view all their rates here

4.9 %

effective annual rate

R 49 000

total earnings (*)

10

Rank

Absa

view all their rates here

4.85 %

effective annual rate

R 48 500

total earnings (*)

11

Rank

FNB

view all their rates here

4.49 %

effective annual rate

R 44 900

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 1,000,000 investment. Interest paid out at maturity