Best Fixed Deposit Rates for July 2020

Best 3 Month Rates for individuals younger than 55

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	5.3 % effective annual rate	R 130 total earnings (*)
3 Rank	Bidvest visit bidvestbank.co.za	4.57 % effective annual rate	R 112 total earnings (*)
4 Rank	Sasfin visit sasfin.com	4.18 % effective annual rate	R 103 total earnings (*)
5 Rank	Nedbank visit nedbank.co.za	3.61 % effective annual rate	R 89 total earnings (*)
6 Rank	FNB visit fnb.co.za	3.56 % effective annual rate	R 88 total earnings (*)
7 Rank	Absa visit absa.co.za	3.25 % effective annual rate	R 80 total earnings (*)
8 Rank	Standard Bank visit standardbank.co.za	2.74 % effective annual rate	R 68 total earnings (*)

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