Best Fixed Deposit Rates for August 2020

Best 3 Month Rates for individuals younger than 55

* rates last updated 2nd Oct
1

Rank

African Bank

visit africanbank.co.za

5.5 %

effective annual rate

R 135

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

4.61 %

effective annual rate

R 113

total earnings (*)

3

Rank

Bidvest

visit bidvestbank.co.za

4.57 %

effective annual rate

R 112

total earnings (*)

4

Rank

Sasfin

visit sasfin.com

4.02 %

effective annual rate

R 99

total earnings (*)

5

Rank

Absa

visit absa.co.za

3.45 %

effective annual rate

R 85

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

3.24 %

effective annual rate

R 80

total earnings (*)

7

Rank

FNB

visit fnb.co.za

3.04 %

effective annual rate

R 75

total earnings (*)

8

Rank

Standard Bank

visit standardbank.co.za

2.42 %

effective annual rate

R 60

total earnings (*)

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