Best 2 year Fixed Deposit Rates for May 2022

These are the best 2 year rates for individuals younger than 55 for a R 10,000 deposit.

* these rates were last updated 3rd May 2022
#BankNominalEffective
1
SA Retail Bonds 7.75%
.
7.9 %
R 1 642*
2
African Bank 7.26%
.
7.51 %
R 1 558*
3
Discovery 6.85%
.
7.07 %
R 1 464*
4
Access Bank Plc 6.80%
.
7.02 %
R 1 453*
5
Absa 6.50%
.
6.7 %
R 1 385*
6
Standard Bank 6.40%
.
6.59 %
R 1 361*
7
FNB 6.35%
.
6.54 %
R 1 351*
8
Capitec 6.15%
.
6.33 %
R 1 306*
9
Nedbank 4.54%
.
4.64 %
R 950*
(*) Total Earnings are estimated total interest earned for a R 10,000 investment. Interest paid out at maturity