Nedbank vs Fedgroup

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Fedgroup than Nedbank. Specifically, 27 out of 100 interest rates are better at Nedbank than Fedgroup. This means you are more likely to find a better interest rate at Fedgroup 73% 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
Fedgroup
9.80%
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 Fedgroup, the best interest rate you can get is 9.8% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 .

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

5 year fixed deposit interest rates compared

Nedbank vs Fedgroup

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

Investment amount Nedbank1Fedgroup1 Winner 2
R10,000 for 18+
9.15%
9.80%
-
-518
R10,000 for 55+
9.35%
9.80%
-
-359
R100,000 for 18+
9.55%
9.80%
-
-1,985
R100,000 for 18+
9.35%
9.80%
-
-3,588
R100,000 for 55+
9.45%
9.80%
-
-2,788
R250,000 for 18+
9.81%
9.80%
+
185
R250,000 for 18+
9.45%
9.80%
-
-6,970
R250,000 for 55+
9.55%
9.80%
-
-4,962
R1,000,000 for 18+
9.81%
9.80%
+
739
R1,000,000 for 18+
9.55%
9.80%
-
-19,848
R1,000,000 for 55+
9.81%
9.80%
+
739
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Fedgroup.
    A negative amount means that Fedgroup offers more than Nedbank.
How to read this table?

You get a 9.81% interest rate at Nedbank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Fedgroup's interest rate for the same terms is 9.80%. Over 5 years you will earn R739 more in interest at Nedbank compared Fedgroup.

How do Nedbank interest rates compare to other banks?