Best Fixed Deposit Rates for June 2021

Best 3 Year Rates for individuals 55 and older

* rates last updated June 2021
1

Rank

African Bank

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7.15 %

effective annual rate

R 2 302

total earnings (*)

2

Rank

SA Retail Bonds

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6.86 %

effective annual rate

R 2 202

total earnings (*)

3

Rank

Discovery Bank

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6.49 %

effective annual rate

R 2 076

total earnings (*)

4

Rank

FNB

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6.33 %

effective annual rate

R 2 022

total earnings (*)

5

Rank

Grobank

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5.81 %

effective annual rate

R 1 846

total earnings (*)

6

Rank

Nedbank

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5.74 %

effective annual rate

R 1 823

total earnings (*)

7

Rank

Capitec

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5.38 %

effective annual rate

R 1 702

total earnings (*)

8

Rank

Sasfin

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5.14 %

effective annual rate

R 1 623

total earnings (*)

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