Best 3 month Fixed Deposit Rates for July 2022

These are the best 3 month rates for individuals younger than 55 for a R 250,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
African Bank 5.61%
.
5.76 %
R 3 525*
2
Access Bank Plc 4.99%
.
5.11 %
R 3 134*
3
Bidvest 4.91%
.
5.02 %
R 3 080*
4
Standard Bank 4.81%
.
4.92 %
R 3 020*
5
FNB 4.70%
.
4.8 %
R 2 947*
6
Discovery 4.65%
.
4.75 %
R 2 917*
7
Absa 4.00%
.
4.07 %
R 2 506*
8
Nedbank 3.50%
.
3.56 %
R 2 196*
(*) Total Earnings are estimated total interest earned for a R 250,000 investment. Interest paid out at maturity