Best Fixed Deposit Rates for July 2020

Best 2 Year Rates for individuals younger than 55

1

Rank

African Bank

visit africanbank.co.za

7.75 %

effective annual rate

R 1 610

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

7.16 %

effective annual rate

R 1 483

total earnings (*)

3

Rank

Capitec

visit capitecbank.co.za

5.43 %

effective annual rate

R 1 115

total earnings (*)

4

Rank

SA Retail Bonds

visit secure.rsaretailbonds.gov.za

5.32 %

effective annual rate

R 1 092

total earnings (*)

5

Rank

Absa

visit absa.co.za

5.17 %

effective annual rate

R 1 061

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

4.58 %

effective annual rate

R 937

total earnings (*)

7

Rank

FNB

visit fnb.co.za

4.28 %

effective annual rate

R 874

total earnings (*)

8

Rank

Standard Bank

visit standardbank.co.za

3.75 %

effective annual rate

R 764

total earnings (*)

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