Best Fixed Deposit Rates for May 2021

Best 2 Year Rates for individuals younger than 55

* rates last updated 5th May 2021
1

Rank

African Bank

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6.71 %

effective annual rate

R 1 387

total earnings (*)

2

Rank

Discovery Bank

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6.5 %

effective annual rate

R 1 342

total earnings (*)

3

Rank

Capitec

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5.93 %

effective annual rate

R 1 221

total earnings (*)

4

Rank

Grobank

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5.6 %

effective annual rate

R 1 151

total earnings (*)

5

Rank

SA Retail Bonds

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5.58 %

effective annual rate

R 1 147

total earnings (*)

6

Rank

Nedbank

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4.9 %

effective annual rate

R 1 004

total earnings (*)

7

Rank

Absa

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4.85 %

effective annual rate

R 994

total earnings (*)

8

Rank

FNB

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4.75 %

effective annual rate

R 973

total earnings (*)

9

Rank

Standard Bank

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4.62 %

effective annual rate

R 945

total earnings (*)

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