Best Fixed Deposit Rates for July 2020

Best 5 Year Rates for individuals younger than 55

1

Rank

African Bank

visit africanbank.co.za

10.01 %

effective annual rate

R 6 112

total earnings (*)

2

Rank

SA Retail Bonds

visit secure.rsaretailbonds.gov.za

8.16 %

effective annual rate

R 4 802

total earnings (*)

3

Rank

Fedgroup

visit fedgroup.co.za

8.08 %

effective annual rate

R 4 748

total earnings (*)

4

Rank

Capitec

visit capitecbank.co.za

7.23 %

effective annual rate

R 4 177

total earnings (*)

5

Rank

Absa

visit absa.co.za

6.96 %

effective annual rate

R 3 999

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

6 %

effective annual rate

R 3 382

total earnings (*)

7

Rank

FNB

visit fnb.co.za

5.54 %

effective annual rate

R 3 094

total earnings (*)

8

Rank

Standard Bank

visit standardbank.co.za

5.1 %

effective annual rate

R 2 824

total earnings (*)

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