Best Fixed Deposit Rates in South Africa

all rates last updated 6th January 2022


These are the best 2 year rates for individuals younger than 55 for a R 250,000 deposit.
* these rates were last updated 6th January 2022

#BankNominalEffective
1

African Bank

view all their rates here

6.79%

.

7.01 %

R 36 279*

2

Discovery Bank

view all their rates here

6.70%

.

6.91 %

R 35 744*

3

Capitec

view all their rates here

6.45%

.

6.64 %

R 34 302*

4

Standard Bank

view all their rates here

6.35%

.

6.54 %

R 33 769*

5

Absa

view all their rates here

6.15%

.

6.33 %

R 32 652*

6

FNB

view all their rates here

6.00%

.

6.17 %

R 31 802*

7

Sasfin

view all their rates here

5.68%

.

5.83 %

R 30 000*

8

SA Retail Bonds

view all their rates here

5.75%

.

5.83 %

R 30 000*

9

Grobank

view all their rates here

5.55%

.

5.69 %

R 29 259*

10

Nedbank

view all their rates here

5.25%

.

5.38 %

R 27 624*

(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity