Best Fixed Deposit Rates for July 2020

Best 6 Month Rates for individuals 55 and older

1

Rank

Discovery Bank

visit discovery.co.za

6.09 %

effective annual rate

R 300

total earnings (*)

2

Rank

African Bank

visit africanbank.co.za

6.01 %

effective annual rate

R 296

total earnings (*)

3

Rank

FNB

visit fnb.co.za

5.12 %

effective annual rate

R 253

total earnings (*)

4

Rank

Sasfin

visit sasfin.com

4.75 %

effective annual rate

R 235

total earnings (*)

5

Rank

Capitec

visit capitecbank.co.za

4.59 %

effective annual rate

R 227

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

4.07 %

effective annual rate

R 201

total earnings (*)

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