Nedbank vs FNB

Interest rates compared

Last updated 2nd October 2024 by Walter

Introduction

This fixed deposit comparison page compares Nedbank interest rates to FNB interest rates. All the interest rates shown are sourced from the Nedbank and FNB websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd October 2024.

How do Nedbank fixed deposit interest rates compare to FNB ?

You are more likely to find better interest rates at Nedbank than FNB. Specifically, 95 out of 100 interest rates are better at Nedbank than FNB. This means you are more likely to find a better interest rate at FNB 5% 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
9.25%
best rate
FNB
8.60%
best rate

The best interest rate you can get at Nedbank is 9.25% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 . Whilst at FNB, the best interest rate you can get is 8.6% 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 FNB across different terms and investment amounts?

3 month fixed deposit interest rates compared

Nedbank vs FNB

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

Investment amount Nedbank1FNB1 Winner 2
R10,000 for 18+
7.75%
7.30%
+
11
R10,000 for 55+
8.00%
7.30%
+
18
R100,000 for 18+
8.30%
7.30%
+
252
R100,000 for 18+
7.95%
7.30%
+
165
R100,000 for 55+
8.20%
7.30%
+
229
R250,000 for 18+
8.40%
7.40%
+
630
R250,000 for 18+
8.05%
7.40%
+
407
R250,000 for 55+
8.30%
7.40%
+
566
R1,000,000 for 18+
8.40%
7.60%
+
2,025
R1,000,000 for 18+
8.15%
7.60%
+
1,391
R1,000,000 for 55+
8.40%
7.60%
+
2,025
R5,000,000 for 18+
8.40%
7.60%
+
10,126
R5,000,000 for 18+
8.15%
7.60%
+
6,953
R5,000,000 for 55+
8.40%
7.60%
+
10,126
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above FNB.
    A negative amount means that FNB offers more than Nedbank.
How to read this table?

You get a 8.4% interest rate at Nedbank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.60%. Over 3 months you will earn R10,126 more in interest at Nedbank compared FNB.

6 month fixed deposit interest rates compared

Nedbank vs FNB

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

Investment amount Nedbank1FNB1 Winner 2
R10,000 for 18+
8.10%
7.45%
+
34
R10,000 for 55+
8.20%
7.45%
+
39
R100,000 for 18+
8.50%
7.45%
+
543
R100,000 for 18+
8.30%
7.45%
+
437
R100,000 for 55+
8.40%
7.45%
+
490
R250,000 for 18+
8.60%
7.55%
+
1,357
R250,000 for 18+
8.40%
7.55%
+
1,093
R250,000 for 55+
8.50%
7.55%
+
1,225
R1,000,000 for 18+
8.60%
7.75%
+
4,416
R1,000,000 for 18+
8.50%
7.75%
+
3,889
R1,000,000 for 55+
8.60%
7.75%
+
4,416
R5,000,000 for 18+
8.60%
7.75%
+
22,082
R5,000,000 for 18+
8.50%
7.75%
+
19,446
R5,000,000 for 55+
8.60%
7.75%
+
22,082
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above FNB.
    A negative amount means that FNB offers more than Nedbank.
How to read this table?

You get a 8.6% interest rate at Nedbank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.75%. Over 6 months you will earn R22,082 more in interest at Nedbank compared FNB.

1 year fixed deposit interest rates compared

Nedbank vs FNB

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

Investment amount Nedbank1FNB1 Winner 2
R10,000 for 18+
8.00%
7.95%
+
5
R10,000 for 55+
8.30%
7.95%
+
37
R100,000 for 18+
8.70%
7.95%
+
810
R100,000 for 18+
8.20%
7.95%
+
270
R100,000 for 55+
8.50%
7.95%
+
590
R250,000 for 18+
8.80%
8.05%
+
2,025
R250,000 for 18+
8.30%
8.05%
+
675
R250,000 for 55+
8.70%
8.05%
+
1,775
R1,000,000 for 18+
8.80%
8.25%
+
5,900
R1,000,000 for 18+
8.35%
8.25%
+
1,100
R1,000,000 for 55+
8.80%
8.25%
+
5,900
R5,000,000 for 18+
8.80%
8.25%
+
29,500
R5,000,000 for 18+
8.35%
8.25%
+
5,500
R5,000,000 for 55+
8.80%
8.25%
+
29,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above FNB.
    A negative amount means that FNB offers more than Nedbank.
How to read this table?

You get a 8.8% interest rate at Nedbank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.25%. Over 12 months you will earn R29,500 more in interest at Nedbank compared FNB.

2 year fixed deposit interest rates compared

Nedbank vs FNB

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

Investment amount Nedbank1FNB1 Winner 2
R10,000 for 18+
7.85%
7.90%
-
-11
R10,000 for 55+
7.95%
7.90%
+
13
R100,000 for 18+
8.15%
7.90%
+
585
R100,000 for 18+
8.05%
7.90%
+
346
R100,000 for 55+
8.15%
7.90%
+
585
R250,000 for 18+
8.35%
8.00%
+
2,061
R250,000 for 18+
8.15%
8.00%
+
867
R250,000 for 55+
8.25%
8.00%
+
1,464
R1,000,000 for 18+
8.35%
8.20%
+
3,475
R1,000,000 for 18+
8.20%
8.20%
-
0
R1,000,000 for 55+
8.35%
8.20%
+
3,475
R5,000,000 for 18+
8.35%
8.20%
+
17,376
R5,000,000 for 18+
8.20%
8.20%
-
0
R5,000,000 for 55+
8.35%
8.20%
+
17,376
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above FNB.
    A negative amount means that FNB offers more than Nedbank.
How to read this table?

You get a 8.35% interest rate at Nedbank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.20%. Over 2 years you will earn R17,376 more in interest at Nedbank compared FNB.

3 year fixed deposit interest rates compared

Nedbank vs FNB

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

Investment amount Nedbank1FNB1 Winner 2
R10,000 for 18+
7.90%
7.90%
-
0
R10,000 for 55+
8.00%
7.90%
+
39
R100,000 for 18+
8.20%
7.90%
+
1,162
R100,000 for 18+
8.10%
7.90%
+
774
R100,000 for 55+
8.20%
7.90%
+
1,162
R250,000 for 18+
8.40%
8.00%
+
3,798
R250,000 for 18+
8.20%
8.00%
+
1,939
R250,000 for 55+
8.30%
8.00%
+
2,823
R1,000,000 for 18+
8.40%
8.20%
+
7,434
R1,000,000 for 18+
8.25%
8.20%
+
1,767
R1,000,000 for 55+
8.40%
8.20%
+
7,434
R5,000,000 for 18+
8.40%
8.20%
+
37,168
R5,000,000 for 18+
8.25%
8.20%
+
8,837
R5,000,000 for 55+
8.40%
8.20%
+
37,168
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above FNB.
    A negative amount means that FNB offers more than Nedbank.
How to read this table?

You get a 8.4% interest rate at Nedbank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.20%. Over 3 years you will earn R37,168 more in interest at Nedbank compared FNB.

5 year fixed deposit interest rates compared

Nedbank vs FNB

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

Investment amount Nedbank1FNB1 Winner 2
R10,000 for 18+
8.35%
8.30%
+
42
R10,000 for 55+
8.95%
8.30%
+
501
R100,000 for 18+
9.10%
8.30%
+
6,153
R100,000 for 18+
8.55%
8.30%
+
1,889
R100,000 for 55+
9.05%
8.30%
+
5,722
R250,000 for 18+
9.25%
8.40%
+
16,347
R250,000 for 18+
8.65%
8.40%
+
4,741
R250,000 for 55+
9.10%
8.40%
+
13,465
R1,000,000 for 18+
9.25%
8.60%
+
49,953
R1,000,000 for 18+
8.75%
8.60%
+
11,305
R1,000,000 for 55+
9.25%
8.60%
+
49,953
R5,000,000 for 18+
9.25%
8.60%
+
249,763
R5,000,000 for 18+
8.75%
8.60%
+
56,526
R5,000,000 for 55+
9.25%
8.60%
+
249,763
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above FNB.
    A negative amount means that FNB offers more than Nedbank.
How to read this table?

You get a 9.25% interest rate at Nedbank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.60%. Over 5 years you will earn R249,763 more in interest at Nedbank compared FNB.

How do Nedbank interest rates compare to other banks?