Investec vs Nedbank

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Investec interest rates to Nedbank interest rates. All the interest rates shown are sourced from the Investec 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 2nd September 2024.

How do Investec fixed deposit interest rates compare to Nedbank ?

You are more likely to find better interest rates at Nedbank than Investec. Specifically, 6 out of 100 interest rates are better at Investec than Nedbank. This means you are more likely to find a better interest rate at Nedbank 94% 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)

Investec
9.10%
best rate
Nedbank
9.81%
best rate

The best interest rate you can get at Investec is 9.1% for the 12-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 55. Whilst at Nedbank, the best interest rate you can get is 9.81% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .

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

6 month fixed deposit interest rates compared

Investec vs Nedbank

This table shows Investec'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 Investec1Nedbank1 Winner 2
R100,000 for 18+
8.26%
8.55%
-
-149
R100,000 for 55+
8.41%
8.45%
-
-24
R250,000 for 18+
8.26%
8.65%
-
-503
R250,000 for 55+
8.41%
8.55%
-
-180
R1,000,000 for 18+
8.26%
8.65%
-
-2,013
R1,000,000 for 55+
8.41%
8.65%
-
-1,246
R5,000,000 for 18+
8.26%
8.65%
-
-10,067
R5,000,000 for 55+
8.41%
8.65%
-
-6,230
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Nedbank.
    A negative amount means that Nedbank offers more than Investec.
How to read this table?

You get a 8.41% interest rate at Investec 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 8.65%. Over 6 months you will earn R6,230 less in interest at Investec compared Nedbank.

1 year fixed deposit interest rates compared

Investec vs Nedbank

This table shows Investec'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 Investec1Nedbank1 Winner 2
R100,000 for 18+
8.95%
9.05%
-
-100
R100,000 for 55+
9.10%
8.85%
+
270
R250,000 for 18+
8.95%
9.10%
-
-400
R250,000 for 55+
9.10%
9.05%
+
150
R1,000,000 for 18+
8.95%
9.10%
-
-1,600
R1,000,000 for 55+
9.10%
9.10%
-
0
R5,000,000 for 18+
8.95%
9.10%
-
-8,000
R5,000,000 for 55+
9.10%
9.10%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Nedbank.
    A negative amount means that Nedbank offers more than Investec.
How to read this table?

You get a 9.1% interest rate at Investec 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 9.10%. Over 12 months you will earn R0 less in interest at Investec compared Nedbank.

2 year fixed deposit interest rates compared

Investec vs Nedbank

This table shows Investec'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 Investec1Nedbank1 Winner 2
R100,000 for 18+
8.16%
8.75%
-
-1,393
R100,000 for 55+
8.31%
8.75%
-
-1,045
R250,000 for 18+
8.16%
8.95%
-
-4,683
R250,000 for 55+
8.31%
8.85%
-
-3,213
R1,000,000 for 18+
8.16%
8.95%
-
-18,731
R1,000,000 for 55+
8.31%
8.95%
-
-15,257
R5,000,000 for 18+
8.16%
8.95%
-
-93,654
R5,000,000 for 55+
8.31%
8.95%
-
-76,286
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Nedbank.
    A negative amount means that Nedbank offers more than Investec.
How to read this table?

You get a 8.31% interest rate at Investec 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 8.95%. Over 2 years you will earn R76,286 less in interest at Investec compared Nedbank.

5 year fixed deposit interest rates compared

Investec vs Nedbank

This table shows Investec'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 Investec1Nedbank1 Winner 2
R100,000 for 18+
8.61%
9.55%
-
-7,324
R100,000 for 55+
8.91%
9.45%
-
-4,253
R250,000 for 18+
8.61%
9.81%
-
-23,458
R250,000 for 55+
8.91%
9.55%
-
-12,640
R1,000,000 for 18+
8.61%
9.81%
-
-93,831
R1,000,000 for 55+
8.91%
9.81%
-
-71,146
R5,000,000 for 18+
8.61%
9.81%
-
-469,153
R5,000,000 for 55+
8.91%
9.81%
-
-355,728
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Nedbank.
    A negative amount means that Nedbank offers more than Investec.
How to read this table?

You get a 8.91% interest rate at Investec 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 9.81%. Over 5 years you will earn R355,728 less in interest at Investec compared Nedbank.

How do Investec interest rates compare to other banks?