Further decreases ...
Highlights:
- rates on offer for most banks dropped further
- RSA retail bonds stayed the same. Considering the advantages over retail bank fixed deposits - e.g the restart option - they are still one of the most attractive options for depositing long-term cash.
- AfricanBank still the best rates at 5-year maturity @10.01% per annum effective rate
If you want to see how much interest will be paid for a custom amount, then you can check out the calculator here.
Stay safe. Walter
P.S I wrote a mini guide about RSA retail bonds at https://mymoneytree.co.za/rsa/part-1
