Nedbank vs Capitec

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Nedbank than Capitec. Specifically, 61 out of 100 interest rates are better at Nedbank than Capitec. This means you are more likely to find a better interest rate at Capitec 39% 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
Capitec
9.50%
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 Capitec, the best interest rate you can get is 9.5% 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 Capitec across different terms and investment amounts?

6 month fixed deposit interest rates compared

Nedbank vs Capitec

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

Investment amount Nedbank1Capitec1 Winner 2
R10,000 for 18+
8.15%
8.15%
-
0
R10,000 for 55+
8.25%
8.15%
+
5
R100,000 for 18+
8.55%
8.35%
+
101
R100,000 for 18+
8.35%
8.35%
-
0
R100,000 for 55+
8.45%
8.35%
+
53
R250,000 for 18+
8.65%
8.45%
+
252
R250,000 for 18+
8.45%
8.45%
-
0
R250,000 for 55+
8.55%
8.45%
+
120
R1,000,000 for 18+
8.65%
8.50%
+
767
R1,000,000 for 18+
8.55%
8.50%
+
240
R1,000,000 for 55+
8.65%
8.50%
+
767
R5,000,000 for 18+
8.65%
8.50%
+
3,833
R5,000,000 for 18+
8.55%
8.50%
+
1,198
R5,000,000 for 55+
8.65%
8.50%
+
3,833
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Capitec.
    A negative amount means that Capitec 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 6 month fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.50%. Over 6 months you will earn R3,833 more in interest at Nedbank compared Capitec.

1 year fixed deposit interest rates compared

Nedbank vs Capitec

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

Investment amount Nedbank1Capitec1 Winner 2
R10,000 for 18+
8.65%
8.50%
+
16
R10,000 for 55+
8.65%
8.50%
+
16
R100,000 for 18+
9.05%
8.60%
+
480
R100,000 for 18+
8.85%
8.60%
+
270
R100,000 for 55+
8.85%
8.60%
+
270
R250,000 for 18+
9.10%
8.65%
+
1,225
R250,000 for 18+
8.95%
8.65%
+
825
R250,000 for 55+
9.05%
8.65%
+
1,075
R1,000,000 for 18+
9.10%
8.70%
+
4,300
R1,000,000 for 18+
9.00%
8.70%
+
3,200
R1,000,000 for 55+
9.10%
8.70%
+
4,300
R5,000,000 for 18+
9.10%
8.70%
+
21,500
R5,000,000 for 18+
9.00%
8.70%
+
16,000
R5,000,000 for 55+
9.10%
8.70%
+
21,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Capitec.
    A negative amount means that Capitec offers more than Nedbank.
How to read this table?

You get a 9.1% interest rate at Nedbank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.70%. Over 12 months you will earn R21,500 more in interest at Nedbank compared Capitec.

2 year fixed deposit interest rates compared

Nedbank vs Capitec

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

Investment amount Nedbank1Capitec1 Winner 2
R10,000 for 18+
8.40%
8.70%
-
-72
R10,000 for 55+
8.55%
8.70%
-
-37
R100,000 for 18+
8.75%
8.75%
-
0
R100,000 for 18+
8.60%
8.75%
-
-349
R100,000 for 55+
8.75%
8.75%
-
0
R250,000 for 18+
8.95%
8.85%
+
601
R250,000 for 18+
8.70%
8.85%
-
-873
R250,000 for 55+
8.85%
8.85%
-
0
R1,000,000 for 18+
8.95%
8.90%
+
1,312
R1,000,000 for 18+
8.75%
8.90%
-
-3,494
R1,000,000 for 55+
8.95%
8.90%
+
1,312
R5,000,000 for 18+
8.95%
8.90%
+
6,558
R5,000,000 for 18+
8.75%
8.90%
-
-17,470
R5,000,000 for 55+
8.95%
8.90%
+
6,558
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Capitec.
    A negative amount means that Capitec offers more than Nedbank.
How to read this table?

You get a 8.95% interest rate at Nedbank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.90%. Over 2 years you will earn R6,558 more in interest at Nedbank compared Capitec.

3 year fixed deposit interest rates compared

Nedbank vs Capitec

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

Investment amount Nedbank1Capitec1 Winner 2
R10,000 for 18+
8.45%
8.80%
-
-132
R10,000 for 55+
8.60%
8.80%
-
-75
R100,000 for 18+
8.80%
8.85%
-
-215
R100,000 for 18+
8.65%
8.85%
-
-786
R100,000 for 55+
8.80%
8.85%
-
-215
R250,000 for 18+
9.00%
8.95%
+
448
R250,000 for 18+
8.75%
8.95%
-
-1,968
R250,000 for 55+
8.90%
8.95%
-
-538
R1,000,000 for 18+
9.00%
9.05%
-
-1,795
R1,000,000 for 18+
8.80%
9.05%
-
-9,676
R1,000,000 for 55+
9.00%
9.05%
-
-1,795
R5,000,000 for 18+
9.00%
9.05%
-
-8,977
R5,000,000 for 18+
8.80%
9.05%
-
-48,379
R5,000,000 for 55+
9.00%
9.05%
-
-8,977
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Capitec.
    A negative amount means that Capitec offers more than Nedbank.
How to read this table?

You get a 9% interest rate at Nedbank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 9.05%. Over 3 years you will earn R8,977 less in interest at Nedbank compared Capitec.

5 year fixed deposit interest rates compared

Nedbank vs Capitec

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

Investment amount Nedbank1Capitec1 Winner 2
R10,000 for 18+
9.15%
9.20%
-
-43
R10,000 for 55+
9.35%
9.20%
+
116
R100,000 for 18+
9.55%
9.25%
+
2,400
R100,000 for 18+
9.35%
9.25%
+
797
R100,000 for 55+
9.45%
9.25%
+
1,597
R250,000 for 18+
9.81%
9.45%
+
7,154
R250,000 for 18+
9.45%
9.45%
-
0
R250,000 for 55+
9.55%
9.45%
+
2,008
R1,000,000 for 18+
9.81%
9.50%
+
24,971
R1,000,000 for 18+
9.55%
9.50%
+
4,384
R1,000,000 for 55+
9.81%
9.50%
+
24,971
R5,000,000 for 18+
9.81%
9.50%
+
124,857
R5,000,000 for 18+
9.55%
9.50%
+
21,922
R5,000,000 for 55+
9.81%
9.50%
+
124,857
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Capitec.
    A negative amount means that Capitec offers more than Nedbank.
How to read this table?

You get a 9.81% interest rate at Nedbank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 9.50%. Over 5 years you will earn R124,857 more in interest at Nedbank compared Capitec.

How do Nedbank interest rates compare to other banks?