Best Fixed Deposit Rates for September 2021

Best 6 Month Rates for individuals younger than 55

* rates last updated 3rd September 2021
1

Rank

Bidvest

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5.08 %

effective annual rate

R 251

total earnings (*)

2

Rank

African Bank

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4.75 %

effective annual rate

R 235

total earnings (*)

3

Rank

Discovery Bank

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4.39 %

effective annual rate

R 217

total earnings (*)

4

Rank

Sasfin

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4.34 %

effective annual rate

R 215

total earnings (*)

5

Rank

Grobank

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4.2 %

effective annual rate

R 208

total earnings (*)

6

Rank

Absa

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3.97 %

effective annual rate

R 197

total earnings (*)

7

Rank

Nedbank

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3.92 %

effective annual rate

R 194

total earnings (*)

8

Rank

FNB

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3.82 %

effective annual rate

R 189

total earnings (*)

9

Rank

Capitec

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3.66 %

effective annual rate

R 181

total earnings (*)

10

Rank

Standard Bank

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3.22 %

effective annual rate

R 160

total earnings (*)

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