Best Fixed Deposit Rates for December 2020

Best 5 Year Rates for individuals younger than 55

* rates last updated 22nd December
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

7.9 %

effective annual rate

R 4 625

total earnings (*)

3

Rank

Capitec

visit capitecbank.co.za

7.77 %

effective annual rate

R 4 537

total earnings (*)

4

Rank

Fedgroup

visit fedgroup.co.za

7.6 %

effective annual rate

R 4 423

total earnings (*)

5

Rank

Absa

visit absa.co.za

5.85 %

effective annual rate

R 3 288

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

5.22 %

effective annual rate

R 2 897

total earnings (*)

7

Rank

FNB

visit fnb.co.za

5.17 %

effective annual rate

R 2 866

total earnings (*)

8

Rank

Standard Bank

visit standardbank.co.za

4.77 %

effective annual rate

R 2 624

total earnings (*)

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