FNB vs Bidvest

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares FNB interest rates to Bidvest interest rates. All the interest rates shown are sourced from the FNB and Bidvest websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd September 2024.

How do FNB fixed deposit interest rates compare to Bidvest ?

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

FNB
9.65%
best rate
Bidvest
9.16%
best rate

The best interest rate you can get at FNB is 9.65% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55. Whilst at Bidvest, the best interest rate you can get is 9.16% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

FNB vs Bidvest

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

Investment amount FNB1Bidvest1 Winner 2
R10,000 for 18+
7.55%
8.54%
-
-25
R10,000 for 55+
8.05%
8.54%
-
-12
R100,000 for 18+
7.55%
8.54%
-
-250
R100,000 for 55+
8.05%
8.54%
-
-125
R250,000 for 18+
7.60%
8.54%
-
-594
R250,000 for 55+
8.10%
8.54%
-
-276
R1,000,000 for 18+
7.70%
8.54%
-
-2,117
R1,000,000 for 55+
8.20%
8.54%
-
-845
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Bidvest.
    A negative amount means that Bidvest offers more than FNB.
How to read this table?

You get a 8.2% interest rate at FNB for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 8.54%. Over 3 months you will earn R845 less in interest at FNB compared Bidvest.

6 month fixed deposit interest rates compared

FNB vs Bidvest

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

Investment amount FNB1Bidvest1 Winner 2
R10,000 for 18+
7.70%
8.90%
-
-62
R10,000 for 55+
8.40%
8.90%
-
-26
R100,000 for 18+
7.70%
8.90%
-
-619
R100,000 for 55+
8.40%
8.90%
-
-259
R250,000 for 18+
7.75%
8.90%
-
-1,487
R250,000 for 55+
8.45%
8.90%
-
-575
R1,000,000 for 18+
7.85%
8.90%
-
-5,419
R1,000,000 for 55+
8.60%
8.90%
-
-1,532
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Bidvest.
    A negative amount means that Bidvest offers more than FNB.
How to read this table?

You get a 8.6% interest rate at FNB for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 8.90%. Over 6 months you will earn R1,532 less in interest at FNB compared Bidvest.

1 year fixed deposit interest rates compared

FNB vs Bidvest

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

Investment amount FNB1Bidvest1 Winner 2
R10,000 for 18+
8.10%
9.11%
-
-109
R10,000 for 55+
8.95%
9.16%
-
-22
R100,000 for 18+
8.10%
9.11%
-
-1,090
R100,000 for 55+
8.95%
9.16%
-
-220
R250,000 for 18+
8.15%
9.11%
-
-2,600
R250,000 for 55+
9.00%
9.16%
-
-425
R1,000,000 for 18+
8.25%
9.11%
-
-9,300
R1,000,000 for 55+
9.10%
9.16%
-
-600
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Bidvest.
    A negative amount means that Bidvest offers more than FNB.
How to read this table?

You get a 9.1% interest rate at FNB for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 9.16%. Over 12 months you will earn R600 less in interest at FNB compared Bidvest.

How do FNB interest rates compare to other banks?