Nedbank vs FNB

Interest rates compared

Last updated 1st March 2026 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 1st March 2026.

How do Nedbank fixed deposit interest rates compare to FNB ?

You are more likely to find better interest rates at Nedbank than FNB. Specifically, 100 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 0% 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
8.05%
best rate
FNB
7.20%
best rate

The best interest rate you can get at Nedbank is 8.05% 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 7.2% 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+
6.35%
5.90%
+
11
R100,000 for 18+
6.65%
5.90%
+
189
R250,000 for 18+
6.75%
6.00%
+
474
R1,000,000 for 18+
6.75%
6.20%
+
1,390
  • 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 6.75% interest rate at Nedbank for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.20%. Over 3 months you will earn R1,390 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+
6.65%
6.15%
+
26
R100,000 for 18+
6.95%
6.15%
+
411
R250,000 for 18+
7.10%
6.25%
+
1,092
R1,000,000 for 18+
7.10%
6.45%
+
3,343
  • 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 7.1% interest rate at Nedbank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.45%. Over 6 months you will earn R3,343 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+
7.00%
6.50%
+
53
R100,000 for 18+
7.40%
6.50%
+
959
R250,000 for 18+
7.50%
6.60%
+
2,400
R1,000,000 for 18+
7.50%
6.80%
+
7,473
  • 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 7.5% interest rate at Nedbank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.80%. Over 12 months you will earn R7,473 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+
7.00%
6.40%
+
136
R100,000 for 18+
7.30%
6.40%
+
2,052
R250,000 for 18+
7.40%
6.50%
+
5,139
R1,000,000 for 18+
7.40%
6.70%
+
16,019
  • 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 7.4% interest rate at Nedbank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.70%. Over 2 years you will earn R16,019 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+
7.05%
6.50%
+
201
R100,000 for 18+
7.35%
6.50%
+
3,119
R250,000 for 18+
7.45%
6.60%
+
7,820
R1,000,000 for 18+
7.45%
6.80%
+
23,990
  • 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 7.45% interest rate at Nedbank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.80%. Over 3 years you will earn R23,990 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+
7.75%
6.90%
+
609
R100,000 for 18+
7.90%
6.90%
+
7,187
R250,000 for 18+
8.05%
7.00%
+
18,981
R1,000,000 for 18+
8.05%
7.20%
+
61,762
  • 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 8.05% interest rate at Nedbank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 7.20%. Over 5 years you will earn R61,762 more in interest at Nedbank compared FNB.

How do Nedbank interest rates compare to other banks?