Prime Interest Rate in South Africa.
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 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.
What was the highest prime rate in South Africa?
Bank Lending Rate in South Africa averaged 12.04 percent from 1957 until 2022, reaching an all-time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962.
How often does the prime rate change in South Africa?
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.
Which investments have the best returns in South Africa?
The investments with the best returns in South Africa are:
- Government of South Africa Treasury Bills.
- Money Market Funds.
- RSA Retail Savings Bonds.
- Fixed Annuities.
- Dividend-Paying Stocks.
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?
The following table shows 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% |
