Author Topic: Best Fixed Deposit Rates in South Africa  (Read 1097 times)

Programming with Mark

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Best Fixed Deposit Rates in South Africa
« on: November 01, 2019, 06:23:48 am »
Hello all,

I recently was looking for the best fixed deposit rates in South Africa. It turned into quite a big task as banks quote different rates in their ads & online. It took quite a lot of digging in the fine print, to convert them all to effective annual rates so they can be compared.

Anyhow, I realised that others must be wanting to do the same thing.  "I just want to know where I can get the best fixed deposit rates in SA".

So I made my research public & will update it on a monthly basis going forward.

Here they are - https://www.ratecompare.co.za/

I also made a free PDF report of all rates.

Hope it benefits someone. If it does, all I ask is that you share the PDF / link with friends and family.

Thanks
Mark


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Re: Best Fixed Deposit Rates in South Africa
« Reply #1 on: November 05, 2019, 05:19:46 pm »
Cool. Thanks a stack, Mark.

 :TU:

Programming with Mark

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Re: Best Fixed Deposit Rates in South Africa
« Reply #2 on: November 12, 2019, 07:56:33 am »
Here are the Best Fixed Deposits Rates in SA - updated for November. Find them at https://ratecompare.co.za/

For our Nov edition,
- we have added FedGroup to the list.  They offer an attractive 9.38% (effective rate) for 5-year deposits.
- @AfricanBank , @Sasfin and @Discovery bank leading the pack over most terms


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Re: Best Fixed Deposit Rates in South Africa
« Reply #3 on: November 12, 2019, 09:10:55 am »
Don't think I would deposit my life savings with African Bank or Sasfin. Discovery and Capitec yes 'cos they underwritten by FNB and PSG.

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Re: Best Fixed Deposit Rates in South Africa
« Reply #4 on: December 12, 2019, 07:40:07 am »
Here are the best fixed deposit rates for December 2019.

FNB and SA Retail bonds have lowered their rates on offer.

See attached free PDF which gives you all the rankings across the different terms.