African Bank
vs
Nedbank
Interest rates compared
Introduction
This fixed deposit comparison page compares African Bank interest rates to Nedbank interest rates. All the interest rates shown are sourced from the African Bank 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 2nd April 2025.
How do African Bank fixed deposit interest rates compare to Nedbank ?
You are more likely to find better interest rates at African Bank than Nedbank. Specifically, 80 out of 100 interest rates are better at African Bank than Nedbank. This means you are more likely to find a better interest rate at Nedbank 20% 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)
The best interest rate you can get at African Bank is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R500 . Whilst at Nedbank, the best interest rate you can get is 9.15% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .
But how do interest rates at African Bank compare to Nedbank across different terms and investment amounts?
3 month fixed deposit interest rates compared
This table shows African Bank'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 | African Bank1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.73% | 7.30% | + 11 |
| R10,000 for 55+ | 7.73% | 7.40% | + 8 |
| R100,000 for 18+ | 7.73% | 7.70% | + 7 |
| R100,000 for 55+ | 7.73% | 7.70% | + 7 |
| R250,000 for 18+ | 7.73% | 7.80% | - -41 |
| R250,000 for 55+ | 7.73% | 7.80% | - -41 |
| R1,000,000 for 18+ | 7.73% | 7.80% | - -165 |
| R1,000,000 for 55+ | 7.73% | 7.80% | - -165 |
| R5,000,000 for 18+ | 7.73% | 7.80% | - -826 |
| R5,000,000 for 55+ | 7.73% | 7.80% | - -826 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at African Bank over and above Nedbank.
A negative amount means that Nedbank offers more than African Bank.
You get a 7.73% interest rate at African Bank 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 7.80%. Over 3 months you will earn R826 less in interest at African Bank compared Nedbank.
6 month fixed deposit interest rates compared
This table shows African Bank'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 | African Bank1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.96% | 7.60% | + 19 |
| R10,000 for 55+ | 7.96% | 7.65% | + 16 |
| R100,000 for 18+ | 7.96% | 7.95% | + 5 |
| R100,000 for 55+ | 7.96% | 7.95% | + 5 |
| R250,000 for 18+ | 7.96% | 8.05% | - -108 |
| R250,000 for 55+ | 7.96% | 8.05% | - -108 |
| R1,000,000 for 18+ | 7.96% | 8.05% | - -432 |
| R1,000,000 for 55+ | 7.96% | 8.05% | - -432 |
| R5,000,000 for 18+ | 7.96% | 8.05% | - -2,162 |
| R5,000,000 for 55+ | 7.96% | 8.05% | - -2,162 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at African Bank over and above Nedbank.
A negative amount means that Nedbank offers more than African Bank.
You get a 7.96% interest rate at African Bank 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 8.05%. Over 6 months you will earn R2,162 less in interest at African Bank compared Nedbank.
1 year fixed deposit interest rates compared
This table shows African Bank'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 | African Bank1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.42% | 7.75% | + 72 |
| R10,000 for 55+ | 8.42% | 7.80% | + 67 |
| R100,000 for 18+ | 8.42% | 8.20% | + 230 |
| R100,000 for 55+ | 8.42% | 8.20% | + 230 |
| R250,000 for 18+ | 8.42% | 8.30% | + 325 |
| R250,000 for 55+ | 8.42% | 8.30% | + 325 |
| R1,000,000 for 18+ | 8.42% | 8.30% | + 1,300 |
| R1,000,000 for 55+ | 8.42% | 8.30% | + 1,300 |
| R5,000,000 for 18+ | 8.42% | 8.30% | + 6,500 |
| R5,000,000 for 55+ | 8.42% | 8.30% | + 6,500 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at African Bank over and above Nedbank.
A negative amount means that Nedbank offers more than African Bank.
You get a 8.42% interest rate at African Bank 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 8.30%. Over 12 months you will earn R6,500 more in interest at African Bank compared Nedbank.
2 year fixed deposit interest rates compared
This table shows African Bank'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 | African Bank1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.65% | 7.75% | + 211 |
| R10,000 for 55+ | 8.65% | 7.85% | + 187 |
| R100,000 for 18+ | 8.65% | 8.05% | + 1,413 |
| R100,000 for 55+ | 8.65% | 8.05% | + 1,413 |
| R250,000 for 18+ | 8.65% | 8.25% | + 2,339 |
| R250,000 for 55+ | 8.65% | 8.25% | + 2,339 |
| R1,000,000 for 18+ | 8.65% | 8.25% | + 9,356 |
| R1,000,000 for 55+ | 8.65% | 8.25% | + 9,356 |
| R5,000,000 for 18+ | 8.65% | 8.25% | + 46,778 |
| R5,000,000 for 55+ | 8.65% | 8.25% | + 46,778 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at African Bank over and above Nedbank.
A negative amount means that Nedbank offers more than African Bank.
You get a 8.65% interest rate at African Bank 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 8.25%. Over 2 years you will earn R46,778 more in interest at African Bank compared Nedbank.
3 year fixed deposit interest rates compared
This table shows African Bank'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 | African Bank1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.75% | 7.80% | + 364 |
| R10,000 for 55+ | 8.75% | 7.90% | + 326 |
| R100,000 for 18+ | 8.75% | 8.10% | + 2,484 |
| R100,000 for 55+ | 8.75% | 8.10% | + 2,484 |
| R250,000 for 18+ | 8.75% | 8.30% | + 4,355 |
| R250,000 for 55+ | 8.75% | 8.30% | + 4,355 |
| R1,000,000 for 18+ | 8.75% | 8.30% | + 17,422 |
| R1,000,000 for 55+ | 8.75% | 8.30% | + 17,422 |
| R5,000,000 for 18+ | 8.75% | 8.30% | + 87,109 |
| R5,000,000 for 55+ | 8.75% | 8.30% | + 87,109 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at African Bank over and above Nedbank.
A negative amount means that Nedbank offers more than African Bank.
You get a 8.75% interest rate at African Bank 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 8.30%. Over 3 years you will earn R87,109 more in interest at African Bank compared Nedbank.
5 year fixed deposit interest rates compared
This table shows African Bank'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 | African Bank1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 9.94% | 8.15% | + 1,399 |
| R10,000 for 55+ | 9.94% | 8.85% | + 865 |
| R100,000 for 18+ | 9.94% | 9.00% | + 7,512 |
| R100,000 for 55+ | 9.94% | 9.00% | + 7,512 |
| R250,000 for 18+ | 9.94% | 9.15% | + 15,908 |
| R250,000 for 55+ | 9.94% | 9.15% | + 15,908 |
| R1,000,000 for 18+ | 9.94% | 9.15% | + 63,632 |
| R1,000,000 for 55+ | 9.94% | 9.15% | + 63,632 |
| R5,000,000 for 18+ | 9.94% | 9.15% | + 318,162 |
| R5,000,000 for 55+ | 9.94% | 9.15% | + 318,162 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at African Bank over and above Nedbank.
A negative amount means that Nedbank offers more than African Bank.
You get a 9.94% interest rate at African Bank 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 9.15%. Over 5 years you will earn R318,162 more in interest at African Bank compared Nedbank.
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