Nedbank vs Sasfin

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Sasfin than Nedbank. Specifically, 0 out of 100 interest rates are better at Nedbank than Sasfin. This means you are more likely to find a better interest rate at Sasfin 100% 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
Sasfin
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 Sasfin, the best interest rate you can get is 10.25% for the 60-month fixed deposit. You will need a minimum deposit of R20,000 .

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

6 month fixed deposit interest rates compared

Nedbank vs Sasfin

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

Investment amount Nedbank1Sasfin1 Winner 2
R100,000 for 18+
8.55%
8.66%
-
-57
R100,000 for 18+
8.35%
8.66%
-
-158
R100,000 for 55+
8.45%
8.66%
-
-105
R250,000 for 18+
8.65%
8.66%
-
-12
R250,000 for 18+
8.45%
8.66%
-
-264
R250,000 for 55+
8.55%
8.66%
-
-144
R1,000,000 for 18+
8.65%
8.66%
-
-48
R1,000,000 for 18+
8.55%
8.66%
-
-575
R1,000,000 for 55+
8.65%
8.66%
-
-48
R5,000,000 for 18+
8.65%
8.66%
-
-239
R5,000,000 for 18+
8.55%
8.66%
-
-2,874
R5,000,000 for 55+
8.65%
8.66%
-
-239
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 8.66%. Over 6 months you will earn R239 less in interest at Nedbank compared Sasfin.

1 year fixed deposit interest rates compared

Nedbank vs Sasfin

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

Investment amount Nedbank1Sasfin1 Winner 2
R100,000 for 18+
9.05%
9.50%
-
-490
R100,000 for 18+
8.85%
9.50%
-
-700
R100,000 for 55+
8.85%
9.50%
-
-700
R250,000 for 18+
9.10%
9.50%
-
-1,075
R250,000 for 18+
8.95%
9.50%
-
-1,475
R250,000 for 55+
9.05%
9.50%
-
-1,225
R1,000,000 for 18+
9.10%
9.50%
-
-4,300
R1,000,000 for 18+
9.00%
9.50%
-
-5,400
R1,000,000 for 55+
9.10%
9.50%
-
-4,300
R5,000,000 for 18+
9.10%
9.50%
-
-21,500
R5,000,000 for 18+
9.00%
9.50%
-
-27,000
R5,000,000 for 55+
9.10%
9.50%
-
-21,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 9.50%. Over 12 months you will earn R21,500 less in interest at Nedbank compared Sasfin.

3 year fixed deposit interest rates compared

Nedbank vs Sasfin

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

Investment amount Nedbank1Sasfin1 Winner 2
R100,000 for 18+
8.80%
10.00%
-
-4,739
R100,000 for 18+
8.65%
10.00%
-
-5,311
R100,000 for 55+
8.80%
10.00%
-
-4,739
R250,000 for 18+
9.00%
10.00%
-
-9,878
R250,000 for 18+
8.75%
10.00%
-
-12,295
R250,000 for 55+
8.90%
10.00%
-
-10,864
R1,000,000 for 18+
9.00%
10.00%
-
-39,513
R1,000,000 for 18+
8.80%
10.00%
-
-47,394
R1,000,000 for 55+
9.00%
10.00%
-
-39,513
R5,000,000 for 18+
9.00%
10.00%
-
-197,567
R5,000,000 for 18+
8.80%
10.00%
-
-236,969
R5,000,000 for 55+
9.00%
10.00%
-
-197,567
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Sasfin.
    A negative amount means that Sasfin offers more than Nedbank.
How to read this table?

You get a 9% interest rate at Nedbank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Sasfin's interest rate for the same terms is 10.00%. Over 3 years you will earn R197,567 less in interest at Nedbank compared Sasfin.

5 year fixed deposit interest rates compared

Nedbank vs Sasfin

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

Investment amount Nedbank1Sasfin1 Winner 2
R100,000 for 18+
9.55%
10.25%
-
-5,712
R100,000 for 18+
9.35%
10.25%
-
-7,315
R100,000 for 55+
9.45%
10.25%
-
-6,515
R250,000 for 18+
9.81%
10.25%
-
-9,134
R250,000 for 18+
9.45%
10.25%
-
-16,288
R250,000 for 55+
9.55%
10.25%
-
-14,280
R1,000,000 for 18+
9.81%
10.25%
-
-36,534
R1,000,000 for 18+
9.55%
10.25%
-
-57,121
R1,000,000 for 55+
9.81%
10.25%
-
-36,534
R5,000,000 for 18+
9.81%
10.25%
-
-182,670
R5,000,000 for 18+
9.55%
10.25%
-
-285,606
R5,000,000 for 55+
9.81%
10.25%
-
-182,670
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 10.25%. Over 5 years you will earn R182,670 less in interest at Nedbank compared Sasfin.

How do Nedbank interest rates compare to other banks?