Nedbank vs African Bank

Interest rates compared

Last updated 1st July 2025 by Walter

Introduction

This fixed deposit comparison page compares Nedbank interest rates to African Bank interest rates. All the interest rates shown are sourced from the Nedbank and African Bank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th July 2025.

How do Nedbank fixed deposit interest rates compare to African Bank ?

You are more likely to find better interest rates at African Bank than Nedbank. Specifically, 7 out of 100 interest rates are better at Nedbank than African Bank. This means you are more likely to find a better interest rate at African Bank 93% 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
8.85%
best rate
African Bank
9.94%
best rate

The best interest rate you can get at Nedbank is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 . Whilst at African Bank, the best interest rate you can get is 9.94% 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 African Bank across different terms and investment amounts?

3 month fixed deposit interest rates compared

Nedbank vs African Bank

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

Investment amount Nedbank1African Bank1 Winner 2
R100,000 for 18+
7.60%
7.35%
+
64
R100,000 for 18+
7.40%
7.35%
+
14
R100,000 for 55+
7.60%
7.35%
+
64
R100,000 for 55+
7.50%
7.35%
+
38
R100,000 for 55+
7.40%
7.35%
+
14
R250,000 for 18+
7.70%
7.54%
+
100
R250,000 for 18+
7.50%
7.54%
-
-30
R250,000 for 55+
7.70%
7.54%
+
100
R250,000 for 55+
7.60%
7.54%
+
35
R250,000 for 55+
7.50%
7.54%
-
-30
R1,000,000 for 18+
7.70%
7.73%
-
-71
R1,000,000 for 18+
7.60%
7.73%
-
-331
R1,000,000 for 55+
7.70%
7.73%
-
-71
R1,000,000 for 55+
7.70%
7.73%
-
-71
R1,000,000 for 55+
7.60%
7.73%
-
-331
R5,000,000 for 18+
7.70%
7.73%
-
-354
R5,000,000 for 18+
7.60%
7.73%
-
-1,653
R5,000,000 for 55+
7.70%
7.73%
-
-354
R5,000,000 for 55+
7.70%
7.73%
-
-354
R5,000,000 for 55+
7.60%
7.73%
-
-1,653
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above African Bank.
    A negative amount means that African Bank offers more than Nedbank.
How to read this table?

You get a 7.6% interest rate at Nedbank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.73%. Over 3 months you will earn R1,653 less in interest at Nedbank compared African Bank.

6 month fixed deposit interest rates compared

Nedbank vs African Bank

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

Investment amount Nedbank1African Bank1 Winner 2
R100,000 for 18+
7.75%
7.82%
-
-38
R100,000 for 18+
7.60%
7.82%
-
-115
R100,000 for 55+
7.75%
7.82%
-
-38
R100,000 for 55+
7.65%
7.82%
-
-91
R100,000 for 55+
7.60%
7.82%
-
-115
R250,000 for 18+
7.85%
7.91%
-
-72
R250,000 for 18+
7.70%
7.91%
-
-265
R250,000 for 55+
7.85%
7.91%
-
-72
R250,000 for 55+
7.75%
7.91%
-
-204
R250,000 for 55+
7.70%
7.91%
-
-265
R1,000,000 for 18+
7.85%
7.91%
-
-288
R1,000,000 for 18+
7.75%
7.91%
-
-817
R1,000,000 for 55+
7.85%
7.91%
-
-288
R1,000,000 for 55+
7.85%
7.91%
-
-288
R1,000,000 for 55+
7.75%
7.91%
-
-817
R5,000,000 for 18+
7.85%
7.91%
-
-1,442
R5,000,000 for 18+
7.75%
7.91%
-
-4,087
R5,000,000 for 55+
7.85%
7.91%
-
-1,442
R5,000,000 for 55+
7.85%
7.91%
-
-1,442
R5,000,000 for 55+
7.75%
7.91%
-
-4,087
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above African Bank.
    A negative amount means that African Bank offers more than Nedbank.
How to read this table?

You get a 7.75% interest rate at Nedbank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.91%. Over 6 months you will earn R4,087 less in interest at Nedbank compared African Bank.

1 year fixed deposit interest rates compared

Nedbank vs African Bank

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

Investment amount Nedbank1African Bank1 Winner 2
R100,000 for 18+
8.05%
8.19%
-
-150
R100,000 for 18+
7.55%
8.19%
-
-680
R100,000 for 55+
8.05%
8.19%
-
-150
R100,000 for 55+
7.85%
8.19%
-
-360
R100,000 for 55+
7.55%
8.19%
-
-680
R250,000 for 18+
8.15%
8.28%
-
-350
R250,000 for 18+
7.90%
8.28%
-
-1,025
R250,000 for 55+
8.15%
8.28%
-
-350
R250,000 for 55+
8.05%
8.28%
-
-625
R250,000 for 55+
7.90%
8.28%
-
-1,025
R1,000,000 for 18+
8.15%
8.38%
-
-2,500
R1,000,000 for 18+
8.00%
8.38%
-
-4,100
R1,000,000 for 55+
8.15%
8.38%
-
-2,500
R1,000,000 for 55+
8.15%
8.38%
-
-2,500
R1,000,000 for 55+
8.00%
8.38%
-
-4,100
R5,000,000 for 18+
8.15%
8.38%
-
-12,500
R5,000,000 for 18+
8.00%
8.38%
-
-20,500
R5,000,000 for 55+
8.15%
8.38%
-
-12,500
R5,000,000 for 55+
8.15%
8.38%
-
-12,500
R5,000,000 for 55+
8.00%
8.38%
-
-20,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above African Bank.
    A negative amount means that African Bank offers more than Nedbank.
How to read this table?

You get a 8% interest rate at Nedbank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.38%. Over 12 months you will earn R20,500 less in interest at Nedbank compared African Bank.

2 year fixed deposit interest rates compared

Nedbank vs African Bank

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

Investment amount Nedbank1African Bank1 Winner 2
R100,000 for 18+
7.85%
8.33%
-
-1,127
R100,000 for 18+
7.75%
8.33%
-
-1,365
R100,000 for 55+
7.85%
8.33%
-
-1,127
R100,000 for 55+
7.85%
8.33%
-
-1,127
R100,000 for 55+
7.75%
8.33%
-
-1,365
R250,000 for 18+
8.05%
8.47%
-
-2,497
R250,000 for 18+
7.85%
8.47%
-
-3,634
R250,000 for 55+
8.05%
8.47%
-
-2,497
R250,000 for 55+
7.95%
8.47%
-
-3,039
R250,000 for 55+
7.85%
8.47%
-
-3,634
R1,000,000 for 18+
8.05%
8.65%
-
-14,128
R1,000,000 for 18+
7.90%
8.65%
-
-17,592
R1,000,000 for 55+
8.05%
8.65%
-
-14,128
R1,000,000 for 55+
8.05%
8.65%
-
-14,128
R1,000,000 for 55+
7.90%
8.65%
-
-17,592
R5,000,000 for 18+
8.05%
8.65%
-
-70,639
R5,000,000 for 18+
7.90%
8.65%
-
-87,962
R5,000,000 for 55+
8.05%
8.65%
-
-70,639
R5,000,000 for 55+
8.05%
8.65%
-
-70,639
R5,000,000 for 55+
7.90%
8.65%
-
-87,962
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above African Bank.
    A negative amount means that African Bank offers more than Nedbank.
How to read this table?

You get a 7.9% interest rate at Nedbank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.65%. Over 2 years you will earn R87,962 less in interest at Nedbank compared African Bank.

3 year fixed deposit interest rates compared

Nedbank vs African Bank

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

Investment amount Nedbank1African Bank1 Winner 2
R100,000 for 18+
7.90%
8.61%
-
-2,723
R100,000 for 18+
7.80%
8.61%
-
-3,109
R100,000 for 55+
7.90%
8.61%
-
-2,723
R100,000 for 55+
7.90%
8.61%
-
-2,723
R100,000 for 55+
7.80%
8.61%
-
-3,109
R250,000 for 18+
8.10%
8.75%
-
-6,210
R250,000 for 18+
7.90%
8.75%
-
-8,145
R250,000 for 55+
8.10%
8.75%
-
-6,210
R250,000 for 55+
8.00%
8.75%
-
-7,179
R250,000 for 55+
7.90%
8.75%
-
-8,145
R1,000,000 for 18+
8.10%
8.75%
-
-24,840
R1,000,000 for 18+
7.95%
8.75%
-
-30,473
R1,000,000 for 55+
8.10%
8.75%
-
-24,840
R1,000,000 for 55+
8.10%
8.75%
-
-24,840
R1,000,000 for 55+
7.95%
8.75%
-
-30,473
R5,000,000 for 18+
8.10%
8.75%
-
-124,202
R5,000,000 for 18+
7.95%
8.75%
-
-152,367
R5,000,000 for 55+
8.10%
8.75%
-
-124,202
R5,000,000 for 55+
8.10%
8.75%
-
-124,202
R5,000,000 for 55+
7.95%
8.75%
-
-152,367
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above African Bank.
    A negative amount means that African Bank offers more than Nedbank.
How to read this table?

You get a 7.95% interest rate at Nedbank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.75%. Over 3 years you will earn R152,367 less in interest at Nedbank compared African Bank.

5 year fixed deposit interest rates compared

Nedbank vs African Bank

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

Investment amount Nedbank1African Bank1 Winner 2
R100,000 for 18+
8.70%
9.34%
-
-4,943
R100,000 for 18+
8.45%
9.34%
-
-6,843
R100,000 for 55+
8.70%
9.34%
-
-4,943
R100,000 for 55+
8.65%
9.34%
-
-5,367
R100,000 for 55+
8.45%
9.34%
-
-6,843
R250,000 for 18+
8.85%
9.57%
-
-14,074
R250,000 for 18+
8.55%
9.57%
-
-19,909
R250,000 for 55+
8.85%
9.57%
-
-14,074
R250,000 for 55+
8.70%
9.57%
-
-16,912
R250,000 for 55+
8.55%
9.57%
-
-19,909
R1,000,000 for 18+
8.85%
9.94%
-
-86,534
R1,000,000 for 18+
8.65%
9.94%
-
-102,125
R1,000,000 for 55+
8.85%
9.94%
-
-86,534
R1,000,000 for 55+
8.85%
9.94%
-
-86,534
R1,000,000 for 55+
8.65%
9.94%
-
-102,125
R5,000,000 for 18+
8.85%
9.94%
-
-432,672
R5,000,000 for 18+
8.65%
9.94%
-
-510,623
R5,000,000 for 55+
8.85%
9.94%
-
-432,672
R5,000,000 for 55+
8.85%
9.94%
-
-432,672
R5,000,000 for 55+
8.65%
9.94%
-
-510,623
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above African Bank.
    A negative amount means that African Bank offers more than Nedbank.
How to read this table?

You get a 8.65% interest rate at Nedbank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 9.94%. Over 5 years you will earn R510,623 less in interest at Nedbank compared African Bank.