Best Fixed Deposit Rates for September 2021



These are the best 3 month rates for individuals older than 55 for a R 1,000,000 deposit.
* these rates were last updated 1st October 2021

1

Rank

Bidvest

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4.48 %

effective annual rate

R 11 017

total earnings (*)

2

Rank

African Bank

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4.25 %

effective annual rate

R 10 460

total earnings (*)

3

Rank

Sasfin

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4.02 %

effective annual rate

R 9 902

total earnings (*)

4

Rank

Grobank

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3.91 %

effective annual rate

R 9 635

total earnings (*)

5

Rank

FNB

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3.87 %

effective annual rate

R 9 538

total earnings (*)

6

Rank

Nedbank

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3.66 %

effective annual rate

R 9 027

total earnings (*)

7

Rank

Discovery Bank

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3.66 %

effective annual rate

R 9 027

total earnings (*)

8

Rank

Investec

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3.65 %

effective annual rate

R 9 003

total earnings (*)

9

Rank

Standard Bank

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3.63 %

effective annual rate

R 8 954

total earnings (*)

10

Rank

Absa

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3.56 %

effective annual rate

R 8 784

total earnings (*)

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