Best Fixed Deposit Rates in South Africa

all rates last updated 2nd November 2021


These are the best 3 month rates for individuals younger than 55 for a R 250,000 deposit.
* these rates were last updated 2nd November 2021

#BankNominalEffective
1

Bidvest

view all their rates here

4.46%

.

4.55 %

R 2 796*

2

African Bank

view all their rates here

4.17%

.

4.25 %

R 2 615*

3

Sasfin

view all their rates here

3.95%

.

4.02 %

R 2 475*

4

Grobank

view all their rates here

3.84%

.

3.91 %

R 2 409*

5

Discovery Bank

view all their rates here

3.60%

.

3.66 %

R 2 257*

6

Nedbank

view all their rates here

3.50%

.

3.56 %

R 2 196*

7

Standard Bank

view all their rates here

3.49%

.

3.55 %

R 2 190*

8

Absa

view all their rates here

3.45%

.

3.51 %

R 2 165*

9

FNB

view all their rates here

3.40%

.

3.45 %

R 2 129*

10

Investec

view all their rates here

3.34%

.

3.39 %

R 2 092*

(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity