Fedgroup vs Nedbank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Fedgroup interest rates to Nedbank interest rates. All the interest rates shown are sourced from the Fedgroup 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 Fedgroup fixed deposit interest rates compare to Nedbank ?

You are more likely to find better interest rates at Fedgroup than Nedbank. Specifically, 100 out of 100 interest rates are better at Fedgroup than Nedbank. This means you are more likely to find a better interest rate at Nedbank 0% 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)

Fedgroup
9.30%
best rate
Nedbank
9.25%
best rate

The best interest rate you can get at Fedgroup is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 . 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 Fedgroup compare to Nedbank across different terms and investment amounts?

5 year fixed deposit interest rates compared

Fedgroup vs Nedbank

This table shows Fedgroup'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 Fedgroup1Nedbank1 Winner 2
R10,000 for 18+
9.30%
8.35%
+
732
R10,000 for 55+
9.30%
8.95%
+
273
R100,000 for 18+
9.30%
9.10%
+
1,587
R100,000 for 55+
9.30%
9.05%
+
2,018
R250,000 for 18+
9.30%
9.25%
+
1,085
R250,000 for 55+
9.30%
9.10%
+
3,968
R1,000,000 for 18+
9.30%
9.25%
+
4,341
R1,000,000 for 55+
9.30%
9.25%
+
4,341
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Fedgroup over and above Nedbank.
    A negative amount means that Nedbank offers more than Fedgroup.
How to read this table?

You get a 9.3% interest rate at Fedgroup for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 9.25%. Over 5 years you will earn R4,341 more in interest at Fedgroup compared Nedbank.

How do Fedgroup interest rates compare to other banks?