Best Fixed Deposit Rates for September 2021

Best 5 Year Rates for individuals younger than 55

* rates last updated 3rd September 2021
1

Rank

African Bank

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8.81 %

effective annual rate

R 5 253

total earnings (*)

2

Rank

SA Retail Bonds

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8.68 %

effective annual rate

R 5 162

total earnings (*)

3

Rank

Fedgroup

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7.87 %

effective annual rate

R 4 605

total earnings (*)

4

Rank

Discovery Bank

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7.5 %

effective annual rate

R 4 356

total earnings (*)

5

Rank

Capitec

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6.96 %

effective annual rate

R 3 999

total earnings (*)

6

Rank

Absa

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6.91 %

effective annual rate

R 3 967

total earnings (*)

7

Rank

Nedbank

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6.8 %

effective annual rate

R 3 895

total earnings (*)

8

Rank

FNB

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6.75 %

effective annual rate

R 3 862

total earnings (*)

9

Rank

Standard Bank

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6 %

effective annual rate

R 3 382

total earnings (*)

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