African Bank vs Nedbank

Interest rates compared

Last updated 1st July 2025 by Walter

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 4th July 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, 92 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 8% 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)

African Bank
9.94%
best rate
Nedbank
8.85%
best rate

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 R1,000,000 . 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 African Bank compare to Nedbank across different terms and investment amounts?

3 month fixed deposit interest rates compared

African Bank vs Nedbank

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 Bank1Nedbank1 Winner 2
R100,000 for 18+
7.35%
7.60%
-
-64
R100,000 for 55+
7.35%
7.60%
-
-64
R250,000 for 18+
7.54%
7.70%
-
-100
R250,000 for 55+
7.54%
7.70%
-
-100
R1,000,000 for 18+
7.73%
7.70%
+
71
R1,000,000 for 55+
7.73%
7.70%
+
71
R5,000,000 for 18+
7.73%
7.70%
+
354
R5,000,000 for 55+
7.73%
7.70%
+
354
  • 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.
How to read this table?

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 7.70%. Over 3 months you will earn R354 more in interest at African Bank compared Nedbank.

6 month fixed deposit interest rates compared

African Bank vs Nedbank

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 Bank1Nedbank1 Winner 2
R100,000 for 18+
7.82%
7.75%
+
38
R100,000 for 55+
7.82%
7.75%
+
38
R250,000 for 18+
7.91%
7.85%
+
72
R250,000 for 55+
7.91%
7.85%
+
72
R1,000,000 for 18+
7.91%
7.85%
+
288
R1,000,000 for 55+
7.91%
7.85%
+
288
R5,000,000 for 18+
7.91%
7.85%
+
1,442
R5,000,000 for 55+
7.91%
7.85%
+
1,442
  • 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.
How to read this table?

You get a 7.91% 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 7.85%. Over 6 months you will earn R1,442 more in interest at African Bank compared Nedbank.

1 year fixed deposit interest rates compared

African Bank vs Nedbank

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 Bank1Nedbank1 Winner 2
R100,000 for 18+
8.19%
8.05%
+
150
R100,000 for 55+
8.19%
8.05%
+
150
R250,000 for 18+
8.28%
8.15%
+
350
R250,000 for 55+
8.28%
8.15%
+
350
R1,000,000 for 18+
8.38%
8.15%
+
2,500
R1,000,000 for 55+
8.38%
8.15%
+
2,500
R5,000,000 for 18+
8.38%
8.15%
+
12,500
R5,000,000 for 55+
8.38%
8.15%
+
12,500
  • 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.
How to read this table?

You get a 8.38% 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 8.15%. Over 12 months you will earn R12,500 more in interest at African Bank compared Nedbank.

2 year fixed deposit interest rates compared

African Bank vs Nedbank

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 Bank1Nedbank1 Winner 2
R100,000 for 18+
8.33%
7.85%
+
1,127
R100,000 for 55+
8.33%
7.85%
+
1,127
R250,000 for 18+
8.47%
8.05%
+
2,497
R250,000 for 55+
8.47%
8.05%
+
2,497
R1,000,000 for 18+
8.65%
8.05%
+
14,128
R1,000,000 for 55+
8.65%
8.05%
+
14,128
R5,000,000 for 18+
8.65%
8.05%
+
70,639
R5,000,000 for 55+
8.65%
8.05%
+
70,639
  • 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.
How to read this table?

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 8.05%. Over 2 years you will earn R70,639 more in interest at African Bank compared Nedbank.

3 year fixed deposit interest rates compared

African Bank vs Nedbank

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 Bank1Nedbank1 Winner 2
R100,000 for 18+
8.61%
7.90%
+
2,723
R100,000 for 55+
8.61%
7.90%
+
2,723
R250,000 for 18+
8.75%
8.10%
+
6,210
R250,000 for 55+
8.75%
8.10%
+
6,210
R1,000,000 for 18+
8.75%
8.10%
+
24,840
R1,000,000 for 55+
8.75%
8.10%
+
24,840
R5,000,000 for 18+
8.75%
8.10%
+
124,202
R5,000,000 for 55+
8.75%
8.10%
+
124,202
  • 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.
How to read this table?

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 8.10%. Over 3 years you will earn R124,202 more in interest at African Bank compared Nedbank.

5 year fixed deposit interest rates compared

African Bank vs Nedbank

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 Bank1Nedbank1 Winner 2
R100,000 for 18+
9.34%
8.70%
+
4,943
R100,000 for 55+
9.34%
8.70%
+
4,943
R250,000 for 18+
9.57%
8.85%
+
14,074
R250,000 for 55+
9.57%
8.85%
+
14,074
R1,000,000 for 18+
9.94%
8.85%
+
86,534
R1,000,000 for 55+
9.94%
8.85%
+
86,534
R5,000,000 for 18+
9.94%
8.85%
+
432,672
R5,000,000 for 55+
9.94%
8.85%
+
432,672
  • 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.
How to read this table?

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 8.85%. Over 5 years you will earn R432,672 more in interest at African Bank compared Nedbank.

How do African Bank interest rates compare to other banks?