Best 12 month Fixed Deposit Rates for July 2022

These are the best 12 month rates for individuals younger than 55 for a R 1,000,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
Investec 7.18%
.
7.42 %
R 74 200*
2
Standard Bank 7.11%
.
7.35 %
R 73 500*
3
African Bank 7.02%
.
7.25 %
R 72 500*
4
Bidvest 6.88%
.
7.1 %
R 71 000*
5
Capitec 6.70%
.
6.91 %
R 69 100*
6
Sasfin 6.60%
.
6.8 %
R 68 000*
7
Discovery 6.55%
.
6.75 %
R 67 500*
8
FNB 6.50%
.
6.7 %
R 67 000*
9
Access Bank Plc 6.50%
.
6.7 %
R 67 000*
10
Absa 6.40%
.
6.59 %
R 65 900*
11
Nedbank 4.51%
.
4.6 %
R 46 000*
(*) Total Earnings are estimated total interest earned for a R 1,000,000 investment. Interest paid out at maturity