Best 12 month Fixed Deposit Rates for July 2022

These are the best 12 month rates for individuals younger than 55 for a R 250,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
Investec 7.18%
.
7.42 %
R 18 550*
2
Standard Bank 7.02%
.
7.25 %
R 18 125*
3
African Bank 7.02%
.
7.25 %
R 18 125*
4
Bidvest 6.88%
.
7.1 %
R 17 750*
5
Capitec 6.70%
.
6.91 %
R 17 275*
6
Sasfin 6.60%
.
6.8 %
R 17 000*
7
Discovery 6.55%
.
6.75 %
R 16 875*
8
Access Bank Plc 6.50%
.
6.7 %
R 16 750*
9
Absa 6.40%
.
6.59 %
R 16 475*
10
FNB 6.40%
.
6.59 %
R 16 475*
11
Nedbank 4.50%
.
4.59 %
R 11 475*
(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity