Bidvest vs Nedbank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Bidvest interest rates to Nedbank interest rates. All the interest rates shown are sourced from the Bidvest 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 1st November 2024.

How do Bidvest fixed deposit interest rates compare to Nedbank ?

You are more likely to find better interest rates at Nedbank than Bidvest. Specifically, 38 out of 100 interest rates are better at Bidvest than Nedbank. This means you are more likely to find a better interest rate at Nedbank 62% 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)

Bidvest
8.65%
best rate
Nedbank
9.25%
best rate

The best interest rate you can get at Bidvest is 8.65% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at Nedbank, the best interest rate you can get is 9.25% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .

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

3 month fixed deposit interest rates compared

Bidvest vs Nedbank

This table shows Bidvest'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 Bidvest1Nedbank1 Winner 2
R10,000 for 18+
8.24%
7.75%
+
12
R10,000 for 55+
8.24%
8.00%
+
6
R100,000 for 18+
8.24%
8.30%
-
-14
R100,000 for 55+
8.24%
8.20%
+
9
R250,000 for 18+
8.24%
8.40%
-
-100
R250,000 for 55+
8.24%
8.30%
-
-35
R1,000,000 for 18+
8.24%
8.40%
-
-399
R1,000,000 for 55+
8.24%
8.40%
-
-399
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Nedbank.
    A negative amount means that Nedbank offers more than Bidvest.
How to read this table?

You get a 8.24% interest rate at Bidvest for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.40%. Over 3 months you will earn R399 less in interest at Bidvest compared Nedbank.

6 month fixed deposit interest rates compared

Bidvest vs Nedbank

This table shows Bidvest'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 Bidvest1Nedbank1 Winner 2
R10,000 for 18+
8.45%
8.10%
+
18
R10,000 for 55+
8.45%
8.20%
+
13
R100,000 for 18+
8.45%
8.50%
-
-24
R100,000 for 55+
8.45%
8.40%
+
29
R250,000 for 18+
8.45%
8.60%
-
-192
R250,000 for 55+
8.45%
8.50%
-
-60
R1,000,000 for 18+
8.45%
8.60%
-
-767
R1,000,000 for 55+
8.45%
8.60%
-
-767
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Nedbank.
    A negative amount means that Nedbank offers more than Bidvest.
How to read this table?

You get a 8.45% interest rate at Bidvest for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.60%. Over 6 months you will earn R767 less in interest at Bidvest compared Nedbank.

1 year fixed deposit interest rates compared

Bidvest vs Nedbank

This table shows Bidvest'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 Bidvest1Nedbank1 Winner 2
R10,000 for 18+
8.60%
8.00%
+
65
R10,000 for 55+
8.65%
8.30%
+
38
R100,000 for 18+
8.60%
8.70%
-
-110
R100,000 for 55+
8.65%
8.50%
+
160
R250,000 for 18+
8.60%
8.80%
-
-525
R250,000 for 55+
8.65%
8.70%
-
-150
R1,000,000 for 18+
8.60%
8.80%
-
-2,100
R1,000,000 for 55+
8.65%
8.80%
-
-1,600
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Nedbank.
    A negative amount means that Nedbank offers more than Bidvest.
How to read this table?

You get a 8.65% interest rate at Bidvest for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.80%. Over 12 months you will earn R1,600 less in interest at Bidvest compared Nedbank.

How do Bidvest interest rates compare to other banks?