Nedbank vs Capitec

Interest rates compared

Last updated 2nd May 2025 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 May 2025.

How do Nedbank fixed deposit interest rates compare to Capitec ?

You are more likely to find better interest rates at Nedbank than Capitec. Specifically, 94 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 6% 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
9.00%
best rate
Capitec
8.51%
best rate

The best interest rate you can get at Nedbank is 9% 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 8.51% 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+
7.60%
7.44%
+
8
R10,000 for 55+
7.65%
7.44%
+
11
R10,000 for 55+
7.60%
7.44%
+
8
R100,000 for 18+
7.95%
7.49%
+
241
R100,000 for 18+
7.80%
7.49%
+
159
R100,000 for 55+
7.95%
7.49%
+
241
R100,000 for 55+
7.85%
7.49%
+
188
R100,000 for 55+
7.80%
7.49%
+
159
R250,000 for 18+
8.05%
7.53%
+
661
R250,000 for 18+
7.90%
7.53%
+
469
R250,000 for 55+
8.05%
7.53%
+
661
R250,000 for 55+
7.95%
7.53%
+
541
R250,000 for 55+
7.90%
7.53%
+
469
R1,000,000 for 18+
8.05%
7.72%
+
1,683
R1,000,000 for 18+
7.95%
7.72%
+
1,202
R1,000,000 for 55+
8.05%
7.72%
+
1,683
R1,000,000 for 55+
8.05%
7.72%
+
1,683
R1,000,000 for 55+
7.95%
7.72%
+
1,202
R5,000,000 for 18+
8.05%
7.72%
+
8,413
R5,000,000 for 18+
7.95%
7.72%
+
6,011
R5,000,000 for 55+
8.05%
7.72%
+
8,413
R5,000,000 for 55+
8.05%
7.72%
+
8,413
R5,000,000 for 55+
7.95%
7.72%
+
6,011
  • 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 7.95% 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 7.72%. Over 6 months you will earn R6,011 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+
7.75%
7.72%
+
3
R10,000 for 55+
7.80%
7.72%
+
8
R10,000 for 55+
7.75%
7.72%
+
3
R100,000 for 18+
8.20%
7.81%
+
420
R100,000 for 18+
7.95%
7.81%
+
150
R100,000 for 55+
8.20%
7.81%
+
420
R100,000 for 55+
8.00%
7.81%
+
200
R100,000 for 55+
7.95%
7.81%
+
150
R250,000 for 18+
8.30%
7.86%
+
1,175
R250,000 for 18+
8.20%
7.86%
+
925
R250,000 for 55+
8.30%
7.86%
+
1,175
R250,000 for 55+
8.20%
7.86%
+
925
R250,000 for 55+
8.20%
7.86%
+
925
R1,000,000 for 18+
8.30%
8.00%
+
3,200
R1,000,000 for 18+
8.30%
8.00%
+
3,200
R1,000,000 for 55+
8.30%
8.00%
+
3,200
R1,000,000 for 55+
8.30%
8.00%
+
3,200
R1,000,000 for 55+
8.30%
8.00%
+
3,200
R5,000,000 for 18+
8.30%
8.00%
+
16,000
R5,000,000 for 18+
8.30%
8.00%
+
16,000
R5,000,000 for 55+
8.30%
8.00%
+
16,000
R5,000,000 for 55+
8.30%
8.00%
+
16,000
R5,000,000 for 55+
8.30%
8.00%
+
16,000
  • 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 8.3% 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 8.00%. Over 12 months you will earn R16,000 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+
7.75%
7.81%
-
-15
R10,000 for 55+
7.85%
7.81%
+
9
R10,000 for 55+
7.75%
7.81%
-
-15
R100,000 for 18+
8.05%
7.91%
+
325
R100,000 for 18+
7.95%
7.91%
+
108
R100,000 for 55+
8.05%
7.91%
+
325
R100,000 for 55+
8.05%
7.91%
+
325
R100,000 for 55+
7.95%
7.91%
+
108
R250,000 for 18+
8.25%
7.95%
+
1,735
R250,000 for 18+
8.05%
7.95%
+
541
R250,000 for 55+
8.25%
7.95%
+
1,735
R250,000 for 55+
8.15%
7.95%
+
1,138
R250,000 for 55+
8.05%
7.95%
+
541
R1,000,000 for 18+
8.25%
8.09%
+
3,688
R1,000,000 for 18+
8.10%
8.09%
+
217
R1,000,000 for 55+
8.25%
8.09%
+
3,688
R1,000,000 for 55+
8.25%
8.09%
+
3,688
R1,000,000 for 55+
8.10%
8.09%
+
217
R5,000,000 for 18+
8.25%
8.09%
+
18,442
R5,000,000 for 18+
8.10%
8.09%
+
1,084
R5,000,000 for 55+
8.25%
8.09%
+
18,442
R5,000,000 for 55+
8.25%
8.09%
+
18,442
R5,000,000 for 55+
8.10%
8.09%
+
1,084
  • 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 8.1% 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 8.09%. Over 2 years you will earn R1,084 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+
7.80%
7.91%
-
-42
R10,000 for 55+
7.90%
7.91%
-
-4
R10,000 for 55+
7.80%
7.91%
-
-42
R100,000 for 18+
8.10%
7.95%
+
563
R100,000 for 18+
8.00%
7.95%
+
176
R100,000 for 55+
8.10%
7.95%
+
563
R100,000 for 55+
8.10%
7.95%
+
563
R100,000 for 55+
8.00%
7.95%
+
176
R250,000 for 18+
8.30%
8.00%
+
2,823
R250,000 for 18+
8.10%
8.00%
+
969
R250,000 for 55+
8.30%
8.00%
+
2,823
R250,000 for 55+
8.20%
8.00%
+
1,939
R250,000 for 55+
8.10%
8.00%
+
969
R1,000,000 for 18+
8.30%
8.14%
+
6,008
R1,000,000 for 18+
8.15%
8.14%
+
353
R1,000,000 for 55+
8.30%
8.14%
+
6,008
R1,000,000 for 55+
8.30%
8.14%
+
6,008
R1,000,000 for 55+
8.15%
8.14%
+
353
R5,000,000 for 18+
8.30%
8.14%
+
30,039
R5,000,000 for 18+
8.15%
8.14%
+
1,764
R5,000,000 for 55+
8.30%
8.14%
+
30,039
R5,000,000 for 55+
8.30%
8.14%
+
30,039
R5,000,000 for 55+
8.15%
8.14%
+
1,764
  • 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 8.15% 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 8.14%. Over 3 years you will earn R1,764 more 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+
8.15%
8.28%
-
-97
R10,000 for 55+
8.70%
8.28%
+
323
R10,000 for 55+
8.15%
8.28%
-
-97
R100,000 for 18+
8.85%
8.32%
+
4,013
R100,000 for 18+
8.35%
8.32%
+
209
R100,000 for 55+
8.85%
8.32%
+
4,013
R100,000 for 55+
8.80%
8.32%
+
3,587
R100,000 for 55+
8.35%
8.32%
+
209
R250,000 for 18+
9.00%
8.42%
+
11,143
R250,000 for 18+
8.45%
8.42%
+
700
R250,000 for 55+
9.00%
8.42%
+
11,143
R250,000 for 55+
8.85%
8.42%
+
8,289
R250,000 for 55+
8.45%
8.42%
+
700
R1,000,000 for 18+
9.00%
8.51%
+
37,565
R1,000,000 for 18+
8.55%
8.51%
+
2,810
R1,000,000 for 55+
9.00%
8.51%
+
37,565
R1,000,000 for 55+
9.00%
8.51%
+
37,565
R1,000,000 for 55+
8.55%
8.51%
+
2,810
R5,000,000 for 18+
9.00%
8.51%
+
187,827
R5,000,000 for 18+
8.55%
8.51%
+
14,049
R5,000,000 for 55+
9.00%
8.51%
+
187,827
R5,000,000 for 55+
9.00%
8.51%
+
187,827
R5,000,000 for 55+
8.55%
8.51%
+
14,049
  • 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 8.55% 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 8.51%. Over 5 years you will earn R14,049 more in interest at Nedbank compared Capitec.

How do Nedbank interest rates compare to other banks?