Best Fixed Deposit Rates for July 2020

Best 12 Month Rates for individuals 55 and older

1

Rank

African Bank

visit africanbank.co.za

7.01 %

effective annual rate

R 701

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

6.7 %

effective annual rate

R 670

total earnings (*)

3

Rank

Sasfin

visit sasfin.com

6.31 %

effective annual rate

R 631

total earnings (*)

4

Rank

FNB

visit fnb.co.za

5.54 %

effective annual rate

R 554

total earnings (*)

5

Rank

Capitec

visit capitecbank.co.za

5.12 %

effective annual rate

R 512

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

4.64 %

effective annual rate

R 464

total earnings (*)

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