Nedbank Just Invest Review for October 2024

Last updated 2nd October 2024 by Walter

Introduction

The Nedbank Just Invest is a savings account offered by Nedbank. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.

This page summarises interest rates offered by Nedbank Just Invest and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Nedbank Just Invest compare to other banks.

The Nedbank JustInvest is an easy access account. You’ll need to give at least 24 hours’ notice for any withdrawal.

Nedbank Just Invest highlights

last updated 2nd October 2024 by Walter

R500
min deposit
6.75% - 8.00%
interest rate
PS. Did you know that Nedbank also offers the following

Nedbank Just Invest

This table shows Nedbank Just Invest's interest rates for a R1, R2,500, R25,000, R50,000, R100,000, R250,000 and R500,000 investment in Nedbank Just Invest versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R1
6.75%
#9 out of 34
4.70%
+ R
0
R1
6.75%
#9 out of 34
4.70%
+ R
0
R1
6.75%
#9 out of 34
4.70%
+ R
0
R2,500
6.75%
#12 out of 34
4.71%
+ R
54
R2,500
6.75%
#12 out of 34
4.71%
+ R
54
R2,500
6.75%
#12 out of 34
4.71%
+ R
54
R25,000
7.25%
#7 out of 40
5.49%
+ R
468
R25,000
7.25%
#7 out of 40
5.49%
+ R
468
R25,000
7.25%
#7 out of 40
5.49%
+ R
468
R50,000
7.75%
#11 out of 43
6.42%
+ R
711
R50,000
7.75%
#11 out of 43
6.42%
+ R
711
R50,000
7.75%
#11 out of 43
6.42%
+ R
711
R100,000
8.00%
#7 out of 52
6.59%
+ R
1,502
R100,000
8.00%
#7 out of 52
6.59%
+ R
1,502
R100,000
8.00%
#7 out of 52
6.59%
+ R
1,502
R250,000
8.00%
#7 out of 55
6.76%
+ R
3,322
R250,000
8.00%
#7 out of 55
6.76%
+ R
3,322
R250,000
8.00%
#7 out of 55
6.76%
+ R
3,322
R500,000
8.00%
#7 out of 55
6.76%
+ R
6,630
R500,000
8.00%
#7 out of 55
6.76%
+ R
6,630
R500,000
8.00%
#7 out of 55
6.76%
+ R
6,630
  • 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
  • 2 the amount of interest you will be able earn over and above the average.
    A negative amount means that the average savings account in South africa will give you more than Nedbank Just Invest.
How to read this table?

You get a 8% interest rate at Nedbank Just Invest for a R500,000 investment. The industry average for a savings account with a balance of R500,000 is 6.76%. Over one year you will earn R6,630 more in interest at Nedbank Just Invest compared to the average savings account.

Here are other similar savings accounts in South Africa which require a minimum deposit between R0 - R10,000

Account Min Deposit Rate
AfricanBank Power Pocket R11.00%
AfricanBank MyWorld R11.00%
AfricanBank Savings Pocket R16.50%
Capitec Savings R02.75% - 6.90%
FNB Linked Savings R16.80% - 7.50%
Standard Bank PureSave R05.25% - 5.55%
Discovery Demand Savings Account R10,0007.25%
Bidvest Bank Call Account R1,0003.95% - 5.95%
Nedbank Just Invest R5006.75% - 8.00%
TymeBank GoalSave R17.00%
BankZero Savings R16.70% - 7.55%