Best Fixed Deposit Rates in South Africa

all rates last updated 2nd November 2021


These are the best 12 month rates for individuals younger than 55 for a R 250,000 deposit.
* these rates were last updated 2nd November 2021

#BankNominalEffective
1

African Bank

view all their rates here

5.61%

.

5.76 %

R 14 400*

2

Sasfin

view all their rates here

5.60%

.

5.75 %

R 14 375*

3

Bidvest

view all their rates here

5.55%

.

5.69 %

R 14 225*

4

Standard Bank

view all their rates here

5.40%

.

5.54 %

R 13 850*

5

Absa

view all their rates here

5.20%

.

5.33 %

R 13 325*

6

Discovery Bank

view all their rates here

5.20%

.

5.33 %

R 13 325*

7

Investec

view all their rates here

5.10%

.

5.22 %

R 13 050*

8

Capitec

view all their rates here

5.00%

.

5.12 %

R 12 800*

9

Grobank

view all their rates here

4.94%

.

5.05 %

R 12 625*

10

Nedbank

view all their rates here

4.79%

.

4.9 %

R 12 250*

11

FNB

view all their rates here

4.60%

.

4.7 %

R 11 750*

(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity