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