Best Fixed Deposit Rates for September 2021



These are the best 6 month rates for individuals younger than 55 for a R 100,000 deposit.
* these rates were last updated 1st October 2021

1

Rank

Bidvest

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4.98 %

effective annual rate

R 2 460

total earnings (*)

2

Rank

African Bank

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4.75 %

effective annual rate

R 2 347

total earnings (*)

3

Rank

Discovery Bank

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4.39 %

effective annual rate

R 2 171

total earnings (*)

4

Rank

Sasfin

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4.34 %

effective annual rate

R 2 147

total earnings (*)

5

Rank

Capitec

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4.33 %

effective annual rate

R 2 142

total earnings (*)

6

Rank

Grobank

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4.29 %

effective annual rate

R 2 122

total earnings (*)

7

Rank

Nedbank

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4.17 %

effective annual rate

R 2 064

total earnings (*)

8

Rank

Absa

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4.13 %

effective annual rate

R 2 044

total earnings (*)

9

Rank

Standard Bank

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4.07 %

effective annual rate

R 2 015

total earnings (*)

10

Rank

FNB

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3.82 %

effective annual rate

R 1 892

total earnings (*)

11

Rank

Investec

view all their rates here

3.7 %

effective annual rate

R 1 833

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 100,000 investment. Interest paid out at maturity