Nedbank vs Standard Bank

Interest rates compared

Last updated 1st March 2026 by Walter

Introduction

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

You are more likely to find better interest rates at Nedbank than Standard Bank. Specifically, 100 out of 100 interest rates are better at Nedbank than Standard Bank. This means you are more likely to find a better interest rate at Standard Bank 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
Standard Bank
6.95%
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 Standard Bank, the best interest rate you can get is 6.95401962959048% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 .

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

3 month fixed deposit interest rates compared

Nedbank vs Standard Bank

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

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
6.35%
5.70%
+
16
R100,000 for 18+
6.65%
6.21%
+
110
R250,000 for 18+
6.75%
6.21%
+
338
R1,000,000 for 18+
6.75%
6.31%
+
1,114
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 6.31%. Over 3 months you will earn R1,114 more in interest at Nedbank compared Standard Bank.

6 month fixed deposit interest rates compared

Nedbank vs Standard Bank

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

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
6.65%
5.72%
+
48
R100,000 for 18+
6.95%
6.23%
+
368
R250,000 for 18+
7.10%
6.23%
+
1,113
R1,000,000 for 18+
7.10%
6.33%
+
3,968
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 6.33%. Over 6 months you will earn R3,968 more in interest at Nedbank compared Standard Bank.

1 year fixed deposit interest rates compared

Nedbank vs Standard Bank

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

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
7.00%
5.79%
+
128
R100,000 for 18+
7.40%
6.29%
+
1,182
R250,000 for 18+
7.50%
6.29%
+
3,223
R1,000,000 for 18+
7.50%
6.38%
+
11,893
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 6.38%. Over 12 months you will earn R11,893 more in interest at Nedbank compared Standard Bank.

1.5 year fixed deposit interest rates compared

Nedbank vs Standard Bank

This table shows Nedbank's and Standard Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1.5 year fixed deposit.

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
7.00%
6.08%
+
152
R100,000 for 18+
7.30%
6.56%
+
1,226
R250,000 for 18+
7.40%
6.56%
+
3,480
R1,000,000 for 18+
7.40%
6.56%
+
13,919
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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 1.5 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.56%. Over 1.5 years you will earn R13,919 more in interest at Nedbank compared Standard Bank.

2 year fixed deposit interest rates compared

Nedbank vs Standard Bank

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

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
7.00%
6.12%
+
200
R100,000 for 18+
7.30%
6.60%
+
1,606
R250,000 for 18+
7.40%
6.60%
+
4,591
R1,000,000 for 18+
7.40%
6.60%
+
18,362
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 6.60%. Over 2 years you will earn R18,362 more in interest at Nedbank compared Standard Bank.

3 year fixed deposit interest rates compared

Nedbank vs Standard Bank

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

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
7.05%
6.20%
+
309
R100,000 for 18+
7.35%
6.66%
+
2,528
R250,000 for 18+
7.45%
6.66%
+
7,250
R1,000,000 for 18+
7.45%
6.66%
+
28,999
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 6.66%. Over 3 years you will earn R28,999 more in interest at Nedbank compared Standard Bank.

5 year fixed deposit interest rates compared

Nedbank vs Standard Bank

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

Investment amount Nedbank1Standard Bank1 Winner 2
R10,000 for 18+
7.75%
6.54%
+
859
R100,000 for 18+
7.90%
6.95%
+
6,808
R250,000 for 18+
8.05%
6.95%
+
19,790
R1,000,000 for 18+
8.05%
6.95%
+
79,162
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 6.95%. Over 5 years you will earn R79,162 more in interest at Nedbank compared Standard Bank.

How do Nedbank interest rates compare to other banks?