Best Fixed Deposit Rates for September 2021



These are the best 6 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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5.08 %

effective annual rate

R 25 085

total earnings (*)

2

Rank

African Bank

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4.75 %

effective annual rate

R 23 474

total earnings (*)

3

Rank

FNB

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4.49 %

effective annual rate

R 22 204

total earnings (*)

4

Rank

Nedbank

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4.43 %

effective annual rate

R 21 910

total earnings (*)

5

Rank

Discovery Bank

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4.39 %

effective annual rate

R 21 714

total earnings (*)

6

Rank

Sasfin

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4.34 %

effective annual rate

R 21 470

total earnings (*)

7

Rank

Absa

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4.33 %

effective annual rate

R 21 421

total earnings (*)

8

Rank

Capitec

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4.33 %

effective annual rate

R 21 421

total earnings (*)

9

Rank

Grobank

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4.29 %

effective annual rate

R 21 225

total earnings (*)

10

Rank

Investec

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4.17 %

effective annual rate

R 20 637

total earnings (*)

11

Rank

Standard Bank

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4.17 %

effective annual rate

R 20 637

total earnings (*)

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