Best Fixed Deposit Rates for July 2020

Best 3 Month Rates for individuals 55 and older

1

Rank

African Bank

visit africanbank.co.za

5.5 %

effective annual rate

R 135

total earnings (*)

2

Rank

Discovery Bank

visit discovery.co.za

5.3 %

effective annual rate

R 130

total earnings (*)

3

Rank

Sasfin

visit sasfin.com

4.18 %

effective annual rate

R 103

total earnings (*)

4

Rank

FNB

visit fnb.co.za

3.82 %

effective annual rate

R 94

total earnings (*)

5

Rank

Nedbank

visit nedbank.co.za

3.61 %

effective annual rate

R 89

total earnings (*)

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