Best Fixed Deposit Rates for August 2020

Best 3 Year Rates for individuals younger than 55

* rates last updated 2nd Oct

1 Rank	Sasfin visit sasfin.com	6.17 % effective annual rate	R 1 968 total earnings (*)
2 Rank	SA Retail Bonds visit secure.rsaretailbonds.gov.za	6.09 % effective annual rate	R 1 941 total earnings (*)
3 Rank	Capitec visit capitecbank.co.za	5.38 % effective annual rate	R 1 702 total earnings (*)
4 Rank	Absa visit absa.co.za	4.71 % effective annual rate	R 1 481 total earnings (*)
5 Rank	Nedbank visit nedbank.co.za	4.38 % effective annual rate	R 1 372 total earnings (*)
6 Rank	FNB visit fnb.co.za	4.07 % effective annual rate	R 1 271 total earnings (*)
7 Rank	Standard Bank visit standardbank.co.za	3.87 % effective annual rate	R 1 207 total earnings (*)

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