Nedbank vs SA Retail Bonds

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at SA Retail Bonds than Nedbank. Specifically, 41 out of 100 interest rates are better at Nedbank than SA Retail Bonds. This means you are more likely to find a better interest rate at SA Retail Bonds 59% 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
SA Retail Bonds
10.25%
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 SA Retail Bonds, the best interest rate you can get is 10.25% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 .

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

2 year fixed deposit interest rates compared

Nedbank vs SA Retail Bonds

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

Investment amount Nedbank1SA Retail Bonds1 Winner 2
R10,000 for 18+
8.40%
8.75%
-
-46
R10,000 for 55+
8.55%
8.75%
-
-11
R100,000 for 18+
8.75%
8.75%
+
371
R100,000 for 18+
8.60%
8.75%
+
22
R100,000 for 55+
8.75%
8.75%
+
371
R250,000 for 18+
8.95%
8.75%
+
2,128
R250,000 for 18+
8.70%
8.75%
+
654
R250,000 for 55+
8.85%
8.75%
+
1,527
R1,000,000 for 18+
8.95%
8.75%
+
8,513
R1,000,000 for 18+
8.75%
8.75%
+
3,707
R1,000,000 for 55+
8.95%
8.75%
+
8,513
R5,000,000 for 18+
8.95%
8.75%
+
42,563
R5,000,000 for 18+
8.75%
8.75%
+
18,534
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than Nedbank.
How to read this table?

You get a 8.75% interest rate at Nedbank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 18). SA Retail Bonds's interest rate for the same terms is 8.75%. Over 2 years you will earn R18,534 less in interest at Nedbank compared SA Retail Bonds.

3 year fixed deposit interest rates compared

Nedbank vs SA Retail Bonds

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

Investment amount Nedbank1SA Retail Bonds1 Winner 2
R10,000 for 18+
8.45%
9.00%
-
-146
R10,000 for 55+
8.60%
9.00%
-
-89
R100,000 for 18+
8.80%
9.00%
-
-143
R100,000 for 18+
8.65%
9.00%
-
-714
R100,000 for 55+
8.80%
9.00%
-
-143
R250,000 for 18+
9.00%
9.00%
+
1,612
R250,000 for 18+
8.75%
9.00%
-
-804
R250,000 for 55+
8.90%
9.00%
+
626
R1,000,000 for 18+
9.00%
9.00%
+
6,450
R1,000,000 for 18+
8.80%
9.00%
-
-1,430
R1,000,000 for 55+
9.00%
9.00%
+
6,450
R5,000,000 for 18+
9.00%
9.00%
+
32,250
R5,000,000 for 18+
8.80%
9.00%
-
-7,152
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds 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 3 year fixed deposit (if you are older than 18). SA Retail Bonds's interest rate for the same terms is 9.00%. Over 3 years you will earn R7,152 less in interest at Nedbank compared SA Retail Bonds.

5 year fixed deposit interest rates compared

Nedbank vs SA Retail Bonds

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

Investment amount Nedbank1SA Retail Bonds1 Winner 2
R10,000 for 18+
9.15%
10.25%
-
-711
R10,000 for 55+
9.35%
10.25%
-
-552
R100,000 for 18+
9.55%
10.25%
-
-3,915
R100,000 for 18+
9.35%
10.25%
-
-5,518
R100,000 for 55+
9.45%
10.25%
-
-4,718
R250,000 for 18+
9.81%
10.25%
-
-4,640
R250,000 for 18+
9.45%
10.25%
-
-11,794
R250,000 for 55+
9.55%
10.25%
-
-9,786
R1,000,000 for 18+
9.81%
10.25%
-
-18,559
R1,000,000 for 18+
9.55%
10.25%
-
-39,146
R1,000,000 for 55+
9.81%
10.25%
-
-18,559
R5,000,000 for 18+
9.81%
10.25%
-
-92,794
R5,000,000 for 18+
9.55%
10.25%
-
-195,730
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than Nedbank.
How to read this table?

You get a 9.55% interest rate at Nedbank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 18). SA Retail Bonds's interest rate for the same terms is 10.25%. Over 5 years you will earn R195,730 less in interest at Nedbank compared SA Retail Bonds.

How do Nedbank interest rates compare to other banks?