Check Online Application Status 2024-2025How to Apply Online 2024-2025Check Admission Requirements 2024-2025
Tvet Colleges Online Application Form

Bursaries Closing in November 2024

Application Forms 2024-2025

What is the current prime interest rate in South Africa?

Interest Rate in South Africa

Interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

 

 

What is the current prime interest rate in South Africa 2022?

As of April 2022, the prime lending rate in South Africa is 7.75%.

 

What is the prime rate of FNB currently in South Africa?

FNB interest per annum is 9.00%.

See Also  Where to Complain About Car Dealership in South Africa?

 

What are the previous prime rates of FNB in South Africa?

In South Africa, the previous FNB prime rates are as follows:

Historical Prime Rates

 

 
Interest (per annum) Date
8.25% 2022-05-20
7.75% 2022-03-25
7.50% 2022-01-28
7.25% 2021-11-19
7.00% 2020-07-24
7.25% 2020-05-22
7.75% 2020-04-15
8.75% 2020-03-20
9.75% 2020-01-17
10.00% 2019-07-17
10.25% 2018-11-23
10.00% 2018-03-29
10.25% 2017-07-21
10.50% 2016-03-18
10.25% 2016-01-29
9.75% 2015-11-20
9.50% 2015-07-24
9.25% 2014-07-18
9.00% 2014-01-30
8.50% 2012-07-20
9.00% 2010-11-19
9.50% 2010-09-10
10.00% 2010-03-26
10.50% 2009-08-14
11.00% 2009-05-29
12.00% 2009-05-04
13.00% 2009-03-25
14.00% 2009-02-06
15.00% 2008-12-12
15.50% 2008-06-13
15.00% 2008-04-11
14.50% 2007-12-07
14.00% 2007-10-12
13.50% 2007-08-17
13.00% 2007-06-08
12.50% 2006-12-08
12.00% 2006-10-13
11.50% 2006-08-03
11.00% 2006-06-08

 

What is the prime interest rate South Africa 2021?

South Africa Prime Lending Rate data is updated monthly, averaging 10.500 % pa from Jan 2000 to Aug 2022, with 272 observations. The data reached an all-time high of 17.000 % pa in May 2003 and a record low of 7.000 % pa in Oct 2021.

See Also  Where To Watch Reality Shows In South Africa

 

What is the current prime overdraft rate in South Africa?

 

Actual Previous Lowest
9.00 8.25 5.50

 

Which bank in South Africa has the best fixed Deposits for 2022?

Overall Best Fixed Deposits Rates for 2022

Ranking Institution Nominal Interest Rate % Effective Rate %
1 SA Retail Bonds 11% 13.7%
2 African Bank 10.19% 12.50%
3 Nedbank 9.7% 11.77%
4 FNB 9.5% 11.48%
5 Capitec Bank 9.15% 10.98%

 

 

Best 60 months fixed deposits rates 2022

Rank Bank Minimum Deposit Effective Interest Rate % Nominal Interest Rate %
1 SA Retail Bonds R1,000.00+ 11% 13.7%
2 African Bank R500.00+ 10.19% 12.5%
Nedbank R1,000,000.00+ 9.7% 11.77%

 

What is the highest interest rate in South Africa?

The best interest rate is 10.78% offered by SA Retail Bonds on a 60-month fixed deposit investment. This is the highest interest rate you will be able to get in South Africa. This is the effective annual rate. You will need a minimum investment of R 1k to get that interest rate

 

See Also  What is the Current Prime Rate in South Africa?  

Which investments have the best returns in South Africa?

The following are the safest investments with High Returns in South Africa

  1. Government of South Africa Treasury Bills.
  2. Money Market Funds.
  3. RSA Retail Savings Bonds.
  4. Fixed Annuities.
  5. Dividend-Paying Stocks.

 

Overview of MBA
Choosing Your MBA
MBA Schools in SA
How to Apply