Nedbank vs Investec

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Nedbank than Investec. Specifically, 88 out of 100 interest rates are better at Nedbank than Investec. This means you are more likely to find a better interest rate at Investec 12% 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
Investec
9.10%
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 Investec, the best interest rate you can get is 9.1% for the 12-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 55.

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

6 month fixed deposit interest rates compared

Nedbank vs Investec

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

Investment amount Nedbank1Investec1 Winner 2
R100,000 for 18+
8.55%
8.26%
+
149
R100,000 for 18+
8.35%
8.26%
+
48
R100,000 for 55+
8.45%
8.41%
+
24
R250,000 for 18+
8.65%
8.26%
+
503
R250,000 for 18+
8.45%
8.26%
+
252
R250,000 for 55+
8.55%
8.41%
+
180
R1,000,000 for 18+
8.65%
8.26%
+
2,013
R1,000,000 for 18+
8.55%
8.26%
+
1,486
R1,000,000 for 55+
8.65%
8.41%
+
1,246
R5,000,000 for 18+
8.65%
8.26%
+
10,067
R5,000,000 for 18+
8.55%
8.26%
+
7,432
R5,000,000 for 55+
8.65%
8.41%
+
6,230
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.41%. Over 6 months you will earn R6,230 more in interest at Nedbank compared Investec.

1 year fixed deposit interest rates compared

Nedbank vs Investec

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

Investment amount Nedbank1Investec1 Winner 2
R100,000 for 18+
9.05%
8.95%
+
100
R100,000 for 18+
8.85%
8.95%
-
-110
R100,000 for 55+
8.85%
9.10%
-
-270
R250,000 for 18+
9.10%
8.95%
+
400
R250,000 for 18+
8.95%
8.95%
-
0
R250,000 for 55+
9.05%
9.10%
-
-150
R1,000,000 for 18+
9.10%
8.95%
+
1,600
R1,000,000 for 18+
9.00%
8.95%
+
500
R1,000,000 for 55+
9.10%
9.10%
-
0
R5,000,000 for 18+
9.10%
8.95%
+
8,000
R5,000,000 for 18+
9.00%
8.95%
+
2,500
R5,000,000 for 55+
9.10%
9.10%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 9.10%. Over 12 months you will earn R0 less in interest at Nedbank compared Investec.

2 year fixed deposit interest rates compared

Nedbank vs Investec

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

Investment amount Nedbank1Investec1 Winner 2
R100,000 for 18+
8.75%
8.16%
+
1,393
R100,000 for 18+
8.60%
8.16%
+
1,044
R100,000 for 55+
8.75%
8.31%
+
1,045
R250,000 for 18+
8.95%
8.16%
+
4,683
R250,000 for 18+
8.70%
8.16%
+
3,209
R250,000 for 55+
8.85%
8.31%
+
3,213
R1,000,000 for 18+
8.95%
8.16%
+
18,731
R1,000,000 for 18+
8.75%
8.16%
+
13,925
R1,000,000 for 55+
8.95%
8.31%
+
15,257
R5,000,000 for 18+
8.95%
8.16%
+
93,654
R5,000,000 for 18+
8.75%
8.16%
+
69,626
R5,000,000 for 55+
8.95%
8.31%
+
76,286
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.31%. Over 2 years you will earn R76,286 more in interest at Nedbank compared Investec.

5 year fixed deposit interest rates compared

Nedbank vs Investec

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

Investment amount Nedbank1Investec1 Winner 2
R100,000 for 18+
9.55%
8.61%
+
7,324
R100,000 for 18+
9.35%
8.61%
+
5,721
R100,000 for 55+
9.45%
8.91%
+
4,253
R250,000 for 18+
9.81%
8.61%
+
23,458
R250,000 for 18+
9.45%
8.61%
+
16,303
R250,000 for 55+
9.55%
8.91%
+
12,640
R1,000,000 for 18+
9.81%
8.61%
+
93,831
R1,000,000 for 18+
9.55%
8.61%
+
73,244
R1,000,000 for 55+
9.81%
8.91%
+
71,146
R5,000,000 for 18+
9.81%
8.61%
+
469,153
R5,000,000 for 18+
9.55%
8.61%
+
366,218
R5,000,000 for 55+
9.81%
8.91%
+
355,728
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.91%. Over 5 years you will earn R355,728 more in interest at Nedbank compared Investec.

How do Nedbank interest rates compare to other banks?