Best Fixed Deposit Rates for December 2020

Best 2 Year Rates for individuals younger than 55

* rates last updated 22nd December
1

Rank

African Bank

visit africanbank.co.za

7.25 %

effective annual rate

R 1 503

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

6.43 %

effective annual rate

R 1 327

total earnings (*)

3

Rank

Capitec

visit capitecbank.co.za

5.77 %

effective annual rate

R 1 187

total earnings (*)

4

Rank

SA Retail Bonds

visit secure.rsaretailbonds.gov.za

4.81 %

effective annual rate

R 985

total earnings (*)

5

Rank

Absa

visit absa.co.za

4.27 %

effective annual rate

R 872

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

3.81 %

effective annual rate

R 777

total earnings (*)

7

Rank

FNB

visit fnb.co.za

3.56 %

effective annual rate

R 725

total earnings (*)

8

Rank

Standard Bank

visit standardbank.co.za

3.16 %

effective annual rate

R 642

total earnings (*)

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