Best 2 year Fixed Deposit Rates for July 2022

These are the best 2 year rates for individuals younger than 55 for a R 1,000,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
SA Retail Bonds 8.75%
.
8.94 %
R 186 792*
2
Standard Bank 8.08%
.
8.39 %
R 174 839*
3
Investec 8.00%
.
8.3 %
R 172 889*
4
African Bank 7.73%
.
8.01 %
R 166 616*
5
Capitec 7.40%
.
7.66 %
R 159 068*
6
FNB 7.30%
.
7.55 %
R 156 700*
7
Access Bank Plc 7.30%
.
7.55 %
R 156 700*
8
Discovery 7.25%
.
7.5 %
R 155 625*
9
Absa 7.20%
.
7.44 %
R 154 335*
10
Nedbank 5.00%
.
5.12 %
R 105 021*
(*) Total Earnings are estimated total interest earned for a R 1,000,000 investment. Interest paid out at maturity