Nedbank vs Absa

Interest rates compared

Last updated 1st September 2026 by Walter

Introduction

This fixed deposit comparison page compares Nedbank interest rates to Absa interest rates. All the interest rates shown are sourced from the Nedbank and Absa websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st September 2026.

How do Nedbank fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Nedbank than Absa. Specifically, 75 out of 100 interest rates are better at Nedbank than Absa. This means you are more likely to find a better interest rate at Absa 25% 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)

Nedbank
8.30%
best rate
Absa
8.05%
best rate

The best interest rate you can get at Nedbank is 8.3% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 . Whilst at Absa, the best interest rate you can get is 8.05% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

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

3 month fixed deposit interest rates compared

Nedbank vs Absa

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

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
6.40%
6.20%
+
5
R100,000 for 18+
6.70%
6.25%
+
114
R250,000 for 18+
6.80%
6.25%
+
347
R1,000,000 for 18+
6.80%
6.35%
+
1,137
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 6.8% interest rate at Nedbank for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 6.35%. Over 3 months you will earn R1,137 more in interest at Nedbank compared Absa.

6 month fixed deposit interest rates compared

Nedbank vs Absa

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

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
6.70%
6.80%
-
-5
R100,000 for 18+
7.00%
7.10%
-
-51
R250,000 for 18+
7.15%
7.10%
+
64
R1,000,000 for 18+
7.15%
7.10%
+
258
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 7.15% interest rate at Nedbank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.10%. Over 6 months you will earn R258 more in interest at Nedbank compared Absa.

1 year fixed deposit interest rates compared

Nedbank vs Absa

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

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
7.15%
7.10%
+
5
R100,000 for 18+
7.55%
7.60%
-
-54
R250,000 for 18+
7.65%
7.60%
+
134
R1,000,000 for 18+
7.65%
7.60%
+
536
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 7.65% interest rate at Nedbank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.60%. Over 12 months you will earn R536 more in interest at Nedbank compared Absa.

1.5 year fixed deposit interest rates compared

Nedbank vs Absa

This table shows Nedbank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1.5 year fixed deposit.

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
7.25%
7.30%
-
-8
R100,000 for 18+
7.55%
7.50%
+
83
R250,000 for 18+
7.65%
7.50%
+
626
R1,000,000 for 18+
7.65%
7.60%
+
835
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 7.65% interest rate at Nedbank for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.60%. Over 1.5 years you will earn R835 more in interest at Nedbank compared Absa.

2 year fixed deposit interest rates compared

Nedbank vs Absa

This table shows Nedbank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
7.30%
7.50%
-
-46
R100,000 for 18+
7.60%
7.50%
+
231
R250,000 for 18+
7.70%
7.50%
+
1,156
R1,000,000 for 18+
7.70%
7.60%
+
2,315
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 7.7% interest rate at Nedbank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.60%. Over 2 years you will earn R2,315 more in interest at Nedbank compared Absa.

3 year fixed deposit interest rates compared

Nedbank vs Absa

This table shows Nedbank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
7.35%
7.50%
-
-56
R100,000 for 18+
7.65%
7.60%
+
187
R250,000 for 18+
7.75%
7.60%
+
1,406
R1,000,000 for 18+
7.75%
7.80%
-
-1,880
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 7.75% interest rate at Nedbank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.80%. Over 3 years you will earn R1,880 less in interest at Nedbank compared Absa.

5 year fixed deposit interest rates compared

Nedbank vs Absa

This table shows Nedbank's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Nedbank1Absa1 Winner 2
R10,000 for 18+
8.00%
7.70%
+
220
R100,000 for 18+
8.15%
7.90%
+
1,852
R250,000 for 18+
8.30%
7.90%
+
7,436
R1,000,000 for 18+
8.30%
8.05%
+
18,659
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Absa.
    A negative amount means that Absa offers more than Nedbank.
How to read this table?

You get a 8.3% interest rate at Nedbank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 8.05%. Over 5 years you will earn R18,659 more in interest at Nedbank compared Absa.

How do Nedbank interest rates compare to other banks?