Which Bank In South Africa Has The Best Interest Rate?

Which bank has the highest fixed deposit interest rate?

Best Fixed Deposit Rates By Tenor6-Month: 0.35% p.a.

(HSBC)8-Month: NA.9-Month: 0.50% p.a.

(ICBC)10-Month: 0.50% p.a.

(UOB)12-Month: 0.60% p.a.

(ICBC)18-Month: 0.62% p.a.

(Hong Leong Finance)24-Month: 0.65% p.a.

(Hong Leong Finance)36-Month: 0.75% p.a.

(Sing Investment & Finance)More items….

Which bank has highest interest rate?

Fixed Deposit Interest Rates by Different BanksBankTenureInterest rateICICI Bank7 days to 10 years4% to 7.25%Punjab National Bank7 days to 10 years5.70% to 6.85%HDFC Bank7 days to 10 years3.5% to 7.40%Axis Bank7 days to 10 years3.5% to 7.25%2 more rows•Dec 2, 2020

Which local bank has the highest interest rate?

Best money market accounts: Bank detailsHighest Rate: BrioDirect – up to 0.65% APY. … High Rate: Navy Federal Credit Union – up to 0.60% APY. … High Rate: Ally Bank – 0.50% APY. … High Rate: Synchrony Bank – 0.50% APY. … High Rate: CIT Bank – 0.50% APY. … High Rate: First Internet Bank – 0.50% APY.More items…

What is better than fixed deposit?

Liquid Mutual Funds are a good alternative to fixed deposits, they generally offer higher interest rates than the average fixed deposit and they also offer faster liquidity.

Is FD a good investment?

Is FD a good investment? Yes, it is one of the safest investments as it comes with guaranteed returns and a fixed interest rate. … Yes, if you are looking for a long term investment which offers market-linked returns, a mutual fund is an excellent investment option.