Best 2 year Fixed Deposit Rates for July 2022

These are the best 2 year rates for individuals younger than 55 for a R 250,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
SA Retail Bonds 8.75%
.
8.94 %
R 46 698*
2
Standard Bank 8.08%
.
8.39 %
R 43 710*
3
Investec 8.00%
.
8.3 %
R 43 222*
4
African Bank 7.73%
.
8.01 %
R 41 654*
5
Capitec 7.40%
.
7.66 %
R 39 767*
6
Access Bank Plc 7.30%
.
7.55 %
R 39 175*
7
Discovery 7.25%
.
7.5 %
R 38 906*
8
Absa 7.20%
.
7.44 %
R 38 584*
9
FNB 7.20%
.
7.44 %
R 38 584*
10
Nedbank 5.15%
.
5.27 %
R 27 044*
(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity