Best 12 month Fixed Deposit Rates for May 2022

These are the best 12 month rates for individuals younger than 55 for a R 10,000 deposit.

* these rates were last updated 3rd May 2022
#BankNominalEffective
1
African Bank 6.32%
.
6.51 %
R 651*
2
Bidvest 6.31%
.
6.5 %
R 650*
3
Discovery 6.15%
.
6.33 %
R 633*
4
Access Bank Plc 6.00%
.
6.17 %
R 617*
5
Absa 5.85%
.
6.01 %
R 601*
6
FNB 5.65%
.
5.8 %
R 580*
7
Capitec 5.50%
.
5.64 %
R 564*
8
Standard Bank 5.36%
.
5.49 %
R 549*
9
Nedbank 3.90%
.
3.97 %
R 397*
(*) Total Earnings are estimated total interest earned for a R 10,000 investment. Interest paid out at maturity