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