Best Fixed Deposit Rates for August 2020

Best 6 Month Rates for individuals younger than 55

* rates last updated 1st Sep
1

Rank

African Bank

visit africanbank.co.za

6.01 %

effective annual rate

R 296

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

5.51 %

effective annual rate

R 272

total earnings (*)

3

Rank

Bidvest

visit bidvestbank.co.za

5.2 %

effective annual rate

R 257

total earnings (*)

4

Rank

Capitec

visit capitecbank.co.za

4.59 %

effective annual rate

R 227

total earnings (*)

5

Rank

Sasfin

visit sasfin.com

4.49 %

effective annual rate

R 222

total earnings (*)

6

Rank

Absa

visit absa.co.za

3.82 %

effective annual rate

R 189

total earnings (*)

7

Rank

FNB

visit fnb.co.za

3.51 %

effective annual rate

R 174

total earnings (*)

8

Rank

Nedbank

visit nedbank.co.za

3.4 %

effective annual rate

R 169

total earnings (*)

9

Rank

Standard Bank

visit standardbank.co.za

2.85 %

effective annual rate

R 141

total earnings (*)

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