Best 6 month Fixed Deposit Rates for July 2022

These are the best 6 month rates for individuals younger than 55 for a R 1,000,000 deposit.

* these rates were last updated 1st July 2022
#BankNominalEffective
1
Investec 6.15%
.
6.33 %
R 31 164*
2
Standard Bank 6.08%
.
6.25 %
R 30 776*
3
Bidvest 5.86%
.
6.02 %
R 29 660*
4
African Bank 5.85%
.
6.01 %
R 29 612*
5
Absa 5.55%
.
5.69 %
R 28 056*
6
FNB 5.50%
.
5.64 %
R 27 813*
7
Capitec 5.50%
.
5.64 %
R 27 813*
8
Discovery 5.50%
.
5.64 %
R 27 813*
9
Access Bank Plc 5.46%
.
5.6 %
R 27 619*
10
Sasfin 4.51%
.
4.6 %
R 22 741*
11
Nedbank 4.16%
.
4.24 %
R 20 980*
(*) Total Earnings are estimated total interest earned for a R 1,000,000 investment. Interest paid out at maturity