Best Fixed Deposit Rates for September 2021



These are the best 2 year rates for individuals older than 55 for a R 1,000,000 deposit.
* these rates were last updated 1st October 2021

1

Rank

African Bank

view all their rates here

6.71 %

effective annual rate

R 138 702

total earnings (*)

2

Rank

SA Retail Bonds

view all their rates here

6.61 %

effective annual rate

R 136 569

total earnings (*)

3

Rank

Standard Bank

view all their rates here

6.54 %

effective annual rate

R 135 077

total earnings (*)

4

Rank

FNB

view all their rates here

6.43 %

effective annual rate

R 132 734

total earnings (*)

5

Rank

Capitec

view all their rates here

6.43 %

effective annual rate

R 132 734

total earnings (*)

6

Rank

Discovery Bank

view all their rates here

6.38 %

effective annual rate

R 131 670

total earnings (*)

7

Rank

Grobank

view all their rates here

5.69 %

effective annual rate

R 117 038

total earnings (*)

8

Rank

Nedbank

view all their rates here

5.53 %

effective annual rate

R 113 658

total earnings (*)

9

Rank

Absa

view all their rates here

5.43 %

effective annual rate

R 111 548

total earnings (*)

10

Rank

Sasfin

view all their rates here

5.15 %

effective annual rate

R 105 652

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 1,000,000 investment. Interest paid out at maturity