FNB vs TymeBank

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares FNB interest rates to TymeBank interest rates. All the interest rates shown are sourced from the FNB and TymeBank 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 TymeBank ?

You are more likely to find better interest rates at TymeBank than FNB. Specifically, 17 out of 100 interest rates are better at FNB than TymeBank. This means you are more likely to find a better interest rate at TymeBank 83% 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
TymeBank
9.57%
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 TymeBank, the best interest rate you can get is 9.57% for the 12-month fixed deposit. You will need a minimum deposit of R1 .

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

3 month fixed deposit interest rates compared

FNB vs TymeBank

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

Investment amount FNB1TymeBank1 Winner 2
R10,000 for 18+
7.55%
7.94%
-
-10
R10,000 for 55+
8.05%
7.94%
+
3
R100,000 for 18+
7.55%
7.94%
-
-99
R100,000 for 55+
8.05%
7.94%
+
26
R250,000 for 18+
7.60%
7.94%
-
-218
R250,000 for 55+
8.10%
7.94%
+
100
R1,000,000 for 18+
7.70%
7.94%
-
-613
R1,000,000 for 55+
8.20%
7.94%
+
659
R5,000,000 for 18+
7.70%
7.94%
-
-3,065
R5,000,000 for 55+
8.20%
7.94%
+
3,295
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above TymeBank.
    A negative amount means that TymeBank offers more than FNB.
How to read this table?

You get a 8.2% interest rate at FNB for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 7.94%. Over 3 months you will earn R3,295 more in interest at FNB compared TymeBank.

6 month fixed deposit interest rates compared

FNB vs TymeBank

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

Investment amount FNB1TymeBank1 Winner 2
R10,000 for 18+
7.70%
8.83%
-
-59
R10,000 for 55+
8.40%
8.83%
-
-23
R100,000 for 18+
7.70%
8.83%
-
-585
R100,000 for 55+
8.40%
8.83%
-
-225
R250,000 for 18+
7.75%
8.83%
-
-1,403
R250,000 for 55+
8.45%
8.83%
-
-491
R1,000,000 for 18+
7.85%
8.83%
-
-5,084
R1,000,000 for 55+
8.60%
8.83%
-
-1,197
R5,000,000 for 18+
7.85%
8.83%
-
-25,421
R5,000,000 for 55+
8.60%
8.83%
-
-5,984
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above TymeBank.
    A negative amount means that TymeBank offers more than FNB.
How to read this table?

You get a 8.6% interest rate at FNB for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 8.83%. Over 6 months you will earn R5,984 less in interest at FNB compared TymeBank.

1 year fixed deposit interest rates compared

FNB vs TymeBank

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

Investment amount FNB1TymeBank1 Winner 2
R10,000 for 18+
8.10%
9.57%
-
-159
R10,000 for 55+
8.95%
9.57%
-
-67
R100,000 for 18+
8.10%
9.57%
-
-1,590
R100,000 for 55+
8.95%
9.57%
-
-670
R250,000 for 18+
8.15%
9.57%
-
-3,850
R250,000 for 55+
9.00%
9.57%
-
-1,550
R1,000,000 for 18+
8.25%
9.57%
-
-14,300
R1,000,000 for 55+
9.10%
9.57%
-
-5,100
R5,000,000 for 18+
8.25%
9.57%
-
-71,500
R5,000,000 for 55+
9.10%
9.57%
-
-25,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above TymeBank.
    A negative amount means that TymeBank offers more than FNB.
How to read this table?

You get a 9.1% interest rate at FNB for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 9.57%. Over 12 months you will earn R25,500 less in interest at FNB compared TymeBank.

How do FNB interest rates compare to other banks?