Nedbank vs Bidvest

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Nedbank interest rates to Bidvest interest rates. All the interest rates shown are sourced from the Nedbank 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 Nedbank fixed deposit interest rates compare to Bidvest ?

You are more likely to find better interest rates at Bidvest than Nedbank. Specifically, 0 out of 100 interest rates are better at Nedbank 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)

Nedbank
9.81%
best rate
Bidvest
9.16%
best rate

The best interest rate you can get at Nedbank is 9.81% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 . 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 Nedbank compare to Bidvest across different terms and investment amounts?

3 month fixed deposit interest rates compared

Nedbank vs Bidvest

This table shows Nedbank'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 Nedbank1Bidvest1 Winner 2
R10,000 for 18+
7.75%
8.54%
-
-20
R10,000 for 55+
8.00%
8.54%
-
-14
R100,000 for 18+
8.30%
8.54%
-
-61
R100,000 for 18+
7.95%
8.54%
-
-148
R100,000 for 55+
8.20%
8.54%
-
-85
R250,000 for 18+
8.40%
8.54%
-
-88
R250,000 for 18+
8.05%
8.54%
-
-311
R250,000 for 55+
8.30%
8.54%
-
-153
R1,000,000 for 18+
8.40%
8.54%
-
-352
R1,000,000 for 18+
8.15%
8.54%
-
-987
R1,000,000 for 55+
8.40%
8.54%
-
-352
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Bidvest.
    A negative amount means that Bidvest offers more than Nedbank.
How to read this table?

You get a 8.4% interest rate at Nedbank 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 R352 less in interest at Nedbank compared Bidvest.

6 month fixed deposit interest rates compared

Nedbank vs Bidvest

This table shows Nedbank'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 Nedbank1Bidvest1 Winner 2
R10,000 for 18+
8.15%
8.90%
-
-39
R10,000 for 55+
8.25%
8.90%
-
-34
R100,000 for 18+
8.55%
8.90%
-
-182
R100,000 for 18+
8.35%
8.90%
-
-283
R100,000 for 55+
8.45%
8.90%
-
-230
R250,000 for 18+
8.65%
8.90%
-
-323
R250,000 for 18+
8.45%
8.90%
-
-575
R250,000 for 55+
8.55%
8.90%
-
-455
R1,000,000 for 18+
8.65%
8.90%
-
-1,292
R1,000,000 for 18+
8.55%
8.90%
-
-1,819
R1,000,000 for 55+
8.65%
8.90%
-
-1,292
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Bidvest.
    A negative amount means that Bidvest offers more than Nedbank.
How to read this table?

You get a 8.65% interest rate at Nedbank 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 R1,292 less in interest at Nedbank compared Bidvest.

1 year fixed deposit interest rates compared

Nedbank vs Bidvest

This table shows Nedbank'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 Nedbank1Bidvest1 Winner 2
R10,000 for 18+
8.65%
9.11%
-
-50
R10,000 for 55+
8.65%
9.16%
-
-55
R100,000 for 18+
9.05%
9.11%
-
-70
R100,000 for 18+
8.85%
9.11%
-
-280
R100,000 for 55+
8.85%
9.16%
-
-330
R250,000 for 18+
9.10%
9.11%
-
-25
R250,000 for 18+
8.95%
9.11%
-
-425
R250,000 for 55+
9.05%
9.16%
-
-300
R1,000,000 for 18+
9.10%
9.11%
-
-100
R1,000,000 for 18+
9.00%
9.11%
-
-1,200
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 Nedbank over and above Bidvest.
    A negative amount means that Bidvest offers more than Nedbank.
How to read this table?

You get a 9.1% interest rate at Nedbank 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 Nedbank compared Bidvest.

How do Nedbank interest rates compare to other banks?