Best 3 month Fixed Deposit Rates for July 2022

These are the best 3 month rates for individuals younger than 55 for a R 1,000,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
African Bank 5.61%
.
5.76 %
R 14 099*
2
Access Bank Plc 5.09%
.
5.21 %
R 12 778*
3
Standard Bank 4.91%
.
5.02 %
R 12 320*
4
Bidvest 4.91%
.
5.02 %
R 12 320*
5
FNB 4.80%
.
4.91 %
R 12 055*
6
Discovery 4.65%
.
4.75 %
R 11 669*
7
Absa 4.00%
.
4.07 %
R 10 023*
(*) Total Earnings are estimated total interest earned for a R 1,000,000 investment. Interest paid out at maturity