Best Fixed Deposit Rates for September 2021



These are the best 5 year rates for individuals older than 55 for a R 1,000,000 deposit.
* these rates were last updated 1st October 2021

1

Rank

SA Retail Bonds

view all their rates here

9.2 %

effective annual rate

R 552 792

total earnings (*)

2

Rank

Nedbank

view all their rates here

8.88 %

effective annual rate

R 530 173

total earnings (*)

3

Rank

Standard Bank

view all their rates here

8.84 %

effective annual rate

R 527 364

total earnings (*)

4

Rank

Capitec

view all their rates here

8.84 %

effective annual rate

R 527 364

total earnings (*)

5

Rank

African Bank

view all their rates here

8.81 %

effective annual rate

R 525 261

total earnings (*)

6

Rank

FNB

view all their rates here

8.68 %

effective annual rate

R 516 171

total earnings (*)

7

Rank

Fedgroup

view all their rates here

7.87 %

effective annual rate

R 460 506

total earnings (*)

8

Rank

Discovery Bank

view all their rates here

7.5 %

effective annual rate

R 435 629

total earnings (*)

9

Rank

Absa

view all their rates here

7.44 %

effective annual rate

R 431 627

total earnings (*)

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