Best Fixed Deposit Rates for September 2021



These are the best 2 year rates for individuals younger than 55 for a R 100,000 deposit.
* these rates were last updated 1st October 2021

1

Rank

African Bank

view all their rates here

6.71 %

effective annual rate

R 13 870

total earnings (*)

2

Rank

SA Retail Bonds

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6.61 %

effective annual rate

R 13 657

total earnings (*)

3

Rank

Standard Bank

view all their rates here

6.54 %

effective annual rate

R 13 508

total earnings (*)

4

Rank

Capitec

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6.43 %

effective annual rate

R 13 273

total earnings (*)

5

Rank

Discovery Bank

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6.38 %

effective annual rate

R 13 167

total earnings (*)

6

Rank

Grobank

view all their rates here

5.69 %

effective annual rate

R 11 704

total earnings (*)

7

Rank

Absa

view all their rates here

5.43 %

effective annual rate

R 11 155

total earnings (*)

8

Rank

Nedbank

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5.27 %

effective annual rate

R 10 818

total earnings (*)

9

Rank

Sasfin

view all their rates here

5.15 %

effective annual rate

R 10 565

total earnings (*)

10

Rank

FNB

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5.06 %

effective annual rate

R 10 376

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 100,000 investment. Interest paid out at maturity