Absa vs Nedbank

Interest rates compared

Last updated 1st July 2025 by Walter

Introduction

This fixed deposit comparison page compares Absa interest rates to Nedbank interest rates. All the interest rates shown are sourced from the Absa and Nedbank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th July 2025.

How do Absa fixed deposit interest rates compare to Nedbank ?

You are more likely to find better interest rates at Nedbank than Absa. Specifically, 13 out of 100 interest rates are better at Absa than Nedbank. This means you are more likely to find a better interest rate at Nedbank 87% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

Absa
8.30%
best rate
Nedbank
8.85%
best rate

The best interest rate you can get at Absa is 8.3% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55. Whilst at Nedbank, the best interest rate you can get is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .

But how do interest rates at Absa compare to Nedbank across different terms and investment amounts?

3 month fixed deposit interest rates compared

Absa vs Nedbank

This table shows Absa's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount Absa1Nedbank1 Winner 2
R10,000 for 18+
7.30%
7.20%
+
3
R10,000 for 18+
7.30%
7.20%
+
3
R10,000 for 55+
7.45%
7.30%
+
4
R10,000 for 55+
7.45%
7.30%
+
4
R100,000 for 18+
7.30%
7.60%
-
-76
R100,000 for 18+
7.30%
7.60%
-
-76
R100,000 for 55+
7.45%
7.60%
-
-38
R100,000 for 55+
7.45%
7.60%
-
-38
R250,000 for 18+
7.30%
7.70%
-
-254
R250,000 for 18+
7.30%
7.70%
-
-254
R250,000 for 55+
7.45%
7.70%
-
-159
R250,000 for 55+
7.45%
7.70%
-
-159
R1,000,000 for 18+
7.30%
7.70%
-
-1,016
R1,000,000 for 18+
7.30%
7.70%
-
-1,016
R1,000,000 for 55+
7.45%
7.70%
-
-638
R1,000,000 for 55+
7.45%
7.70%
-
-638
R5,000,000 for 18+
7.30%
7.70%
-
-5,082
R5,000,000 for 18+
7.30%
7.70%
-
-5,082
R5,000,000 for 55+
7.45%
7.70%
-
-3,189
R5,000,000 for 55+
7.45%
7.70%
-
-3,189
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Nedbank.
    A negative amount means that Nedbank offers more than Absa.
How to read this table?

You get a 7.45% interest rate at Absa for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 7.70%. Over 3 months you will earn R3,189 less in interest at Absa compared Nedbank.

6 month fixed deposit interest rates compared

Absa vs Nedbank

This table shows Absa's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount Absa1Nedbank1 Winner 2
R10,000 for 18+
7.65%
7.40%
+
13
R10,000 for 18+
7.65%
7.40%
+
13
R10,000 for 55+
7.70%
7.45%
+
13
R10,000 for 55+
7.70%
7.45%
+
13
R100,000 for 18+
7.65%
7.75%
-
-53
R100,000 for 18+
7.65%
7.75%
-
-53
R100,000 for 55+
7.70%
7.75%
-
-24
R100,000 for 55+
7.70%
7.75%
-
-24
R250,000 for 18+
7.65%
7.85%
-
-265
R250,000 for 18+
7.65%
7.85%
-
-265
R250,000 for 55+
7.70%
7.85%
-
-192
R250,000 for 55+
7.70%
7.85%
-
-192
R1,000,000 for 18+
7.65%
7.85%
-
-1,058
R1,000,000 for 18+
7.65%
7.85%
-
-1,058
R1,000,000 for 55+
7.70%
7.85%
-
-770
R1,000,000 for 55+
7.70%
7.85%
-
-770
R5,000,000 for 18+
7.65%
7.85%
-
-5,292
R5,000,000 for 18+
7.65%
7.85%
-
-5,292
R5,000,000 for 55+
7.70%
7.85%
-
-3,848
R5,000,000 for 55+
7.70%
7.85%
-
-3,848
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Nedbank.
    A negative amount means that Nedbank offers more than Absa.
How to read this table?

You get a 7.7% interest rate at Absa for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 7.85%. Over 6 months you will earn R3,848 less in interest at Absa compared Nedbank.

1 year fixed deposit interest rates compared

Absa vs Nedbank

This table shows Absa's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount Absa1Nedbank1 Winner 2
R10,000 for 18+
7.55%
7.35%
+
22
R10,000 for 18+
7.55%
7.35%
+
22
R10,000 for 55+
7.60%
7.65%
-
-5
R10,000 for 55+
7.60%
7.65%
-
-5
R100,000 for 18+
7.55%
8.05%
-
-530
R100,000 for 18+
7.55%
8.05%
-
-530
R100,000 for 55+
7.60%
8.05%
-
-480
R100,000 for 55+
7.60%
8.05%
-
-480
R250,000 for 18+
7.55%
8.15%
-
-1,600
R250,000 for 18+
7.55%
8.15%
-
-1,600
R250,000 for 55+
7.60%
8.15%
-
-1,475
R250,000 for 55+
7.60%
8.15%
-
-1,475
R1,000,000 for 18+
7.55%
8.15%
-
-6,400
R1,000,000 for 18+
7.55%
8.15%
-
-6,400
R1,000,000 for 55+
7.60%
8.15%
-
-5,900
R1,000,000 for 55+
7.60%
8.15%
-
-5,900
R5,000,000 for 18+
7.55%
8.15%
-
-32,000
R5,000,000 for 18+
7.55%
8.15%
-
-32,000
R5,000,000 for 55+
7.60%
8.15%
-
-29,500
R5,000,000 for 55+
7.60%
8.15%
-
-29,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Nedbank.
    A negative amount means that Nedbank offers more than Absa.
How to read this table?

You get a 7.6% interest rate at Absa for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.15%. Over 12 months you will earn R29,500 less in interest at Absa compared Nedbank.

2 year fixed deposit interest rates compared

Absa vs Nedbank

This table shows Absa's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount Absa1Nedbank1 Winner 2
R10,000 for 18+
7.55%
7.55%
-
0
R10,000 for 18+
7.55%
7.55%
-
0
R10,000 for 55+
7.60%
7.65%
-
-11
R10,000 for 55+
7.60%
7.65%
-
-11
R100,000 for 18+
7.55%
7.85%
-
-691
R100,000 for 18+
7.55%
7.85%
-
-691
R100,000 for 55+
7.60%
7.85%
-
-583
R100,000 for 55+
7.60%
7.85%
-
-583
R250,000 for 18+
7.55%
8.05%
-
-2,864
R250,000 for 18+
7.55%
8.05%
-
-2,864
R250,000 for 55+
7.60%
8.05%
-
-2,595
R250,000 for 55+
7.60%
8.05%
-
-2,595
R1,000,000 for 18+
7.55%
8.05%
-
-11,457
R1,000,000 for 18+
7.55%
8.05%
-
-11,457
R1,000,000 for 55+
7.60%
8.05%
-
-10,379
R1,000,000 for 55+
7.60%
8.05%
-
-10,379
R5,000,000 for 18+
7.55%
8.05%
-
-57,285
R5,000,000 for 18+
7.55%
8.05%
-
-57,285
R5,000,000 for 55+
7.60%
8.05%
-
-51,893
R5,000,000 for 55+
7.60%
8.05%
-
-51,893
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Nedbank.
    A negative amount means that Nedbank offers more than Absa.
How to read this table?

You get a 7.6% interest rate at Absa for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.05%. Over 2 years you will earn R51,893 less in interest at Absa compared Nedbank.

3 year fixed deposit interest rates compared

Absa vs Nedbank

This table shows Absa's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount Absa1Nedbank1 Winner 2
R10,000 for 18+
7.75%
7.60%
+
56
R10,000 for 18+
7.75%
7.60%
+
56
R10,000 for 55+
7.95%
7.70%
+
95
R10,000 for 55+
7.95%
7.70%
+
95
R100,000 for 18+
7.75%
7.90%
-
-561
R100,000 for 18+
7.75%
7.90%
-
-561
R100,000 for 55+
7.95%
7.90%
+
211
R100,000 for 55+
7.95%
7.90%
+
211
R250,000 for 18+
7.75%
8.10%
-
-3,338
R250,000 for 18+
7.75%
8.10%
-
-3,338
R250,000 for 55+
7.95%
8.10%
-
-1,408
R250,000 for 55+
7.95%
8.10%
-
-1,408
R1,000,000 for 18+
7.75%
8.10%
-
-13,351
R1,000,000 for 18+
7.75%
8.10%
-
-13,351
R1,000,000 for 55+
7.95%
8.10%
-
-5,633
R1,000,000 for 55+
7.95%
8.10%
-
-5,633
R5,000,000 for 18+
7.75%
8.10%
-
-66,756
R5,000,000 for 18+
7.75%
8.10%
-
-66,756
R5,000,000 for 55+
7.95%
8.10%
-
-28,165
R5,000,000 for 55+
7.95%
8.10%
-
-28,165
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Nedbank.
    A negative amount means that Nedbank offers more than Absa.
How to read this table?

You get a 7.95% interest rate at Absa for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.10%. Over 3 years you will earn R28,165 less in interest at Absa compared Nedbank.

5 year fixed deposit interest rates compared

Absa vs Nedbank

This table shows Absa's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Absa1Nedbank1 Winner 2
R10,000 for 18+
8.25%
8.25%
-
0
R10,000 for 18+
8.25%
8.25%
-
0
R10,000 for 55+
8.30%
8.55%
-
-189
R10,000 for 55+
8.30%
8.55%
-
-189
R100,000 for 18+
8.25%
8.70%
-
-3,435
R100,000 for 18+
8.25%
8.70%
-
-3,435
R100,000 for 55+
8.30%
8.70%
-
-3,087
R100,000 for 55+
8.30%
8.70%
-
-3,087
R250,000 for 18+
8.25%
8.85%
-
-11,425
R250,000 for 18+
8.25%
8.85%
-
-11,425
R250,000 for 55+
8.30%
8.85%
-
-10,556
R250,000 for 55+
8.30%
8.85%
-
-10,556
R1,000,000 for 18+
8.25%
8.85%
-
-45,701
R1,000,000 for 18+
8.25%
8.85%
-
-45,701
R1,000,000 for 55+
8.30%
8.85%
-
-42,224
R1,000,000 for 55+
8.30%
8.85%
-
-42,224
R5,000,000 for 18+
8.25%
8.85%
-
-228,504
R5,000,000 for 18+
8.25%
8.85%
-
-228,504
R5,000,000 for 55+
8.30%
8.85%
-
-211,120
R5,000,000 for 55+
8.30%
8.85%
-
-211,120
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Nedbank.
    A negative amount means that Nedbank offers more than Absa.
How to read this table?

You get a 8.3% interest rate at Absa for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.85%. Over 5 years you will earn R211,120 less in interest at Absa compared Nedbank.