Best Fixed Deposit Rates for September 2021

Best 2 Year Rates for individuals younger than 55

* rates last updated 3rd September 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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6.38 %

effective annual rate

R 1 317

total earnings (*)

3

Rank

SA Retail Bonds

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6.09 %

effective annual rate

R 1 255

total earnings (*)

4

Rank

Grobank

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5.6 %

effective annual rate

R 1 151

total earnings (*)

5

Rank

Sasfin

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5.15 %

effective annual rate

R 1 057

total earnings (*)

6

Rank

FNB

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5.06 %

effective annual rate

R 1 038

total earnings (*)

7

Rank

Nedbank

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5.06 %

effective annual rate

R 1 038

total earnings (*)

8

Rank

Capitec

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4.91 %

effective annual rate

R 1 006

total earnings (*)

9

Rank

Absa

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4.85 %

effective annual rate

R 994

total earnings (*)

10

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