South Africa
47 followers
South Africa Interest Rates
| Fixed Deposit | up to: 12.95% | Aug, 2019 |
| Savings Accounts | up to: 7.05% | Aug, 2019 |
| All Loans | from: 10.00% | May, 2018 |
| Home Loans | from: 10.00% | May, 2018 |
| Credit Cards | from: 19.65% | May, 2018 |
South Africa Bank Photos
South Africa Bank interest Rates
| Provider | Branch | Founded | Ownership | ||
|---|---|---|---|---|---|
 |
ABSA Bank | 800 | 1991 | South Africa | Foreign |
 |
FNB | 775 | 1838 | South Africa | Local |
 |
Standard Bank ZA | 700 | 1862 | South Africa | Local |
 |
African Bank | 637 | 1993 | South Africa | Local |
 |
Capitec Bank | 589 | 2001 | South Africa | Local |
 |
Nedbank | 536 | 1988 | South Africa | Local |
 |
Old Mutual South Africa | 258 | 1845 | South Africa | Foreign |
 |
PSG Konsult | 181 | 1996 | South Africa | Local |
 |
Bidvest Bank | 100 | 2000 | South Africa | Local |
 |
Mercantile Bank South Africa | 13 | 1987 | South Africa | Foreign |
The retail banking landscape in South Africa is dominated by large national banks.
Largest banks in South Africa
With both large number of both ATMs and branches as well as being historically established, the Barclays Africa Group (ABSA), FirstRand (FNB), Nedbank and Standard Bank were considered the big 4 banks in the country, with more recently Capitec now included due to its gain in market share.
Local and Specialist banks
Postbank began in recent times to provide banking services to the 6m underbanked South Africans, leveraging on its Post Office network across the country. Investec is specialist niche bank that provides banking/financial products and services to its niche client base.
Foreign Banks
While Citibank and HSBC are located in South Africa, they do not offer retail banking products, the State Bank of India for example provides retail deposit and loan products in the country.
Regulations
In South Africa, the Reserve Bank of South Africa (resbank.co.za) supervises and regulates for banks that take deposits through its 'Bank Supervision Department (BSD)'. For suspicious transactions and anti Money Laundering, the Financial Intelligence Centre (fic.gov.au) has a regulatory regime from the FIC Act to 'know your client', record-keeping, reporting and compliance of these obligations on financial institutions.
South Africa Discussion Activity
Popular Providers
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FNB 12 followers | + Follow |
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African Bank 12 followers | + Follow |
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Investec 8 followers | + Follow |
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ABSA Bank 7 followers | + Follow |
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Standard Bank ZA 6 followers | + Follow |
Capitec Bank
Q: How to open business accounts
Nedbank - Savings - Nedbank Money Market Account
Q: What is the money market requirements and interest rate at the moment
Capitec Bank - Deposits - Capitec Bank 6 Month Fixed Term Deposit
Q: how much will 500 be after 6 months fixed term savings at capitec
Citibank South Africa
Q: I have received email from Citi Bank London for a compensation fund they have. Maybe its easier to work with Citi Bank SA?
FNB
Q: What is FNB's interest rate on R300000 (three hundred thousand Rand) deposit for 24 months?
Deposits
Q: Money deposit 1 year fixed highest percentage South Africa ?
Deposits
Q: How safe is it too invest R300,000 fixed deposit with African bank
FNB
Q: HOW MUCH INTEREST DO I COLLECT PER YEAR IF I HAVE TO PUT IN R100 000 FIXED FOR 5 YEARS
ABSA Bank
Q: i AM REQUESTING TO BE ASSIGNED PRIVATE BANKER. THANK YOU.
FNB - Deposits
Q: If I invest money with a fixed deposit account, can I add money at any time?