Best 3 year Fixed Deposit Rates for July 2022

These are the best 3 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 9.25%
.
9.46 %
R 77 874*
2
Standard Bank 8.49%
.
8.83 %
R 72 245*
3
Access Bank Plc 8.45%
.
8.79 %
R 71 890*
4
African Bank 8.19%
.
8.5 %
R 69 322*
5
Capitec 7.85%
.
8.14 %
R 66 154*
6
FNB 7.65%
.
7.92 %
R 64 229*
7
Discovery 7.55%
.
7.82 %
R 63 356*
8
Absa 7.50%
.
7.76 %
R 62 833*
9
Nedbank 5.75%
.
5.9 %
R 46 912*
10
Sasfin 5.70%
.
5.85 %
R 46 492*
(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity