Switch to FNB Business Apply now! Retrieve application By Turnover First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Transact Business Accounts Credit Cards Cash Solutions Merchant Services eWallet Pro Staffing Solutions ATM Solutions Ways to bank Fleet Services South Africa Deposit Interest Rate: South Africa Deposit Interest Rate is at 7.25%, compared to 7.17% last year. This is lower than the long term average of 10.52%. Glacier by Sanlam, has published a list of the highest-paying investments in South Africa by comparing the returns of property, a fixed interest account and stocks over the course of 1,3,5,10 and Some banks, like African Bank, quote three different interest rates for fixed deposits: a monthly interest payout, an annual one, and the equivalent interest rate for payout on maturity. Earn SA's best investment rate of 10.75% per annum, which is equivalent to 13.33% per annum calculated on expiry after 60 months.
Try these useful tools to better understand how much to invest, what type of investor you are and what it costs to invest in unit trusts. These tools are just a guide
Compare interest rates for fixed deposit accounts and savings account products from major banks in South Africa. Find the highest equivalent fixed deposit, time deposit, certificate of deposit and term deposit rates from South Africa, Africa and around the world. In South Africa, a fixed deposit is a type of investment offered by banks where a customer can deposit for a fixed term of their choosing that can range from approximately 30 days to 5 years. Note these term offerings can differ between each bank. The interest rate return offered by the banks is fixed for Over 16 million South Africans have cash in savings accounts, but according to the latest SA Reserve Bank statistics about 42% of this sits in low interest accounts that offer interest rates as low as 1% at Postbank and as high as 10% on a five year fixed deposit at Capitec. A new, Where can I find the best interest rate on a fixed deposit? share: 2018-07-16 15:49. Post a comment 0 (iStock) ~ iStock "I have a living annuity and other investments in unit trusts, but for the past 6 years, the growth on this investment was so bad." South Africa's current economic conditions mean it will only get harder to save for Get the latest Rates
6 Dec 2019 Franc is one of SA's lowest-cost investment platforms. at their bank in a transaction account, earn very low interest rates, if any interest at all.
Interest Rate in South Africa averaged 12.41 percent from 1998 until 2020, reaching an all time high of 23.99 percent in June of 1998 and a record low of 5 percent in July of 2012. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.