Best Fixed Deposit Rates for May 2021

Best 3 Year Rates for individuals younger than 55

* rates last updated 5th May 2021
1

Rank

African Bank

view all their rates here

7.15 %

effective annual rate

R 2 302

total earnings (*)

2

Rank

Discovery Bank

view all their rates here

6.9 %

effective annual rate

R 2 216

total earnings (*)

3

Rank

Capitec

view all their rates here

6.37 %

effective annual rate

R 2 035

total earnings (*)

4

Rank

SA Retail Bonds

view all their rates here

6.35 %

effective annual rate

R 2 029

total earnings (*)

5

Rank

Grobank

view all their rates here

5.81 %

effective annual rate

R 1 846

total earnings (*)

6

Rank

Nedbank

view all their rates here

5.47 %

effective annual rate

R 1 732

total earnings (*)

7

Rank

FNB

view all their rates here

5.38 %

effective annual rate

R 1 702

total earnings (*)

8

Rank

Absa

view all their rates here

5.27 %

effective annual rate

R 1 666

total earnings (*)

9

Rank

Standard Bank

view all their rates here

5.16 %

effective annual rate

R 1 629

total earnings (*)

10

Rank

Sasfin

view all their rates here

5.14 %

effective annual rate

R 1 623

total earnings (*)

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