Best Fixed Deposit Rates for January 2021

Best 3 Month Rates for individuals younger than 55

* rates last updated 26th January
1

Rank

African Bank

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5.25 %

effective annual rate

R 129

total earnings (*)

2

Rank

Bidvest

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4.57 %

effective annual rate

R 112

total earnings (*)

3

Rank

Discovery Bank

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4.47 %

effective annual rate

R 110

total earnings (*)

4

Rank

Sasfin

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4.02 %

effective annual rate

R 99

total earnings (*)

5

Rank

Absa

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3.45 %

effective annual rate

R 85

total earnings (*)

6

Rank

Nedbank

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3.34 %

effective annual rate

R 82

total earnings (*)

7

Rank

Standard Bank

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2.62 %

effective annual rate

R 65

total earnings (*)

8

Rank

FNB

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2.58 %

effective annual rate

R 64

total earnings (*)

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