Nedbank vs Standard Bank

Interest rates compared

Last updated 1st July 2025 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 4th July 2025.

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, 99 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 1% 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
8.85%
best rate
Standard Bank
8.16%
best rate

The best interest rate you can get at Nedbank is 8.85% 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 8.16% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

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+
7.20%
6.49%
+
18
R10,000 for 55+
7.30%
6.99%
+
8
R10,000 for 55+
7.20%
6.99%
+
5
R100,000 for 18+
7.60%
7.04%
+
142
R100,000 for 18+
7.40%
7.04%
+
92
R100,000 for 55+
7.60%
7.04%
+
142
R100,000 for 55+
7.50%
7.04%
+
116
R100,000 for 55+
7.40%
7.04%
+
92
R250,000 for 18+
7.70%
7.04%
+
420
R250,000 for 18+
7.50%
7.04%
+
290
R250,000 for 55+
7.70%
7.04%
+
420
R250,000 for 55+
7.60%
7.04%
+
355
R250,000 for 55+
7.50%
7.04%
+
290
R1,000,000 for 18+
7.70%
7.13%
+
1,443
R1,000,000 for 18+
7.60%
7.13%
+
1,183
R1,000,000 for 55+
7.70%
7.13%
+
1,443
R1,000,000 for 55+
7.70%
7.13%
+
1,443
R1,000,000 for 55+
7.60%
7.13%
+
1,183
R5,000,000 for 18+
7.70%
7.21%
+
6,266
R5,000,000 for 18+
7.60%
7.21%
+
4,967
R5,000,000 for 55+
7.70%
7.21%
+
6,266
R5,000,000 for 55+
7.70%
7.21%
+
6,266
R5,000,000 for 55+
7.60%
7.21%
+
4,967
  • 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 7.6% interest rate at Nedbank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.21%. Over 3 months you will earn R4,967 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+
7.40%
6.49%
+
47
R10,000 for 55+
7.45%
6.99%
+
24
R10,000 for 55+
7.40%
6.99%
+
21
R100,000 for 18+
7.75%
7.05%
+
361
R100,000 for 18+
7.60%
7.05%
+
284
R100,000 for 55+
7.75%
7.05%
+
361
R100,000 for 55+
7.65%
7.05%
+
308
R100,000 for 55+
7.60%
7.05%
+
284
R250,000 for 18+
7.85%
7.05%
+
1,036
R250,000 for 18+
7.70%
7.05%
+
843
R250,000 for 55+
7.85%
7.05%
+
1,036
R250,000 for 55+
7.75%
7.05%
+
904
R250,000 for 55+
7.70%
7.05%
+
843
R1,000,000 for 18+
7.85%
7.14%
+
3,661
R1,000,000 for 18+
7.75%
7.14%
+
3,132
R1,000,000 for 55+
7.85%
7.14%
+
3,661
R1,000,000 for 55+
7.85%
7.14%
+
3,661
R1,000,000 for 55+
7.75%
7.14%
+
3,132
R5,000,000 for 18+
7.85%
7.22%
+
16,373
R5,000,000 for 18+
7.75%
7.22%
+
13,728
R5,000,000 for 55+
7.85%
7.22%
+
16,373
R5,000,000 for 55+
7.85%
7.22%
+
16,373
R5,000,000 for 55+
7.75%
7.22%
+
13,728
  • 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 7.75% interest rate at Nedbank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.22%. Over 6 months you will earn R13,728 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+
7.35%
6.65%
+
74
R10,000 for 55+
7.65%
7.15%
+
53
R10,000 for 55+
7.35%
7.15%
+
21
R100,000 for 18+
8.05%
7.20%
+
910
R100,000 for 18+
7.55%
7.20%
+
380
R100,000 for 55+
8.05%
7.20%
+
910
R100,000 for 55+
7.85%
7.20%
+
700
R100,000 for 55+
7.55%
7.20%
+
380
R250,000 for 18+
8.15%
7.20%
+
2,550
R250,000 for 18+
7.90%
7.20%
+
1,875
R250,000 for 55+
8.15%
7.20%
+
2,550
R250,000 for 55+
8.05%
7.20%
+
2,275
R250,000 for 55+
7.90%
7.20%
+
1,875
R1,000,000 for 18+
8.15%
7.30%
+
9,100
R1,000,000 for 18+
8.00%
7.30%
+
7,500
R1,000,000 for 55+
8.15%
7.30%
+
9,100
R1,000,000 for 55+
8.15%
7.30%
+
9,100
R1,000,000 for 55+
8.00%
7.30%
+
7,500
R5,000,000 for 18+
8.15%
7.38%
+
41,500
R5,000,000 for 18+
8.00%
7.38%
+
33,500
R5,000,000 for 55+
8.15%
7.38%
+
41,500
R5,000,000 for 55+
8.15%
7.38%
+
41,500
R5,000,000 for 55+
8.00%
7.38%
+
33,500
  • 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% interest rate at Nedbank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.38%. Over 12 months you will earn R33,500 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+
7.55%
7.06%
+
114
R10,000 for 55+
7.65%
7.56%
+
19
R10,000 for 55+
7.55%
7.56%
-
-2
R100,000 for 18+
7.85%
7.55%
+
691
R100,000 for 18+
7.75%
7.55%
+
453
R100,000 for 55+
7.85%
7.55%
+
691
R100,000 for 55+
7.85%
7.55%
+
691
R100,000 for 55+
7.75%
7.55%
+
453
R250,000 for 18+
8.05%
7.55%
+
2,864
R250,000 for 18+
7.85%
7.55%
+
1,728
R250,000 for 55+
8.05%
7.55%
+
2,864
R250,000 for 55+
7.95%
7.55%
+
2,323
R250,000 for 55+
7.85%
7.55%
+
1,728
R1,000,000 for 18+
8.05%
7.55%
+
11,457
R1,000,000 for 18+
7.90%
7.55%
+
7,992
R1,000,000 for 55+
8.05%
7.55%
+
11,457
R1,000,000 for 55+
8.05%
7.55%
+
11,457
R1,000,000 for 55+
7.90%
7.55%
+
7,992
R5,000,000 for 18+
8.05%
7.55%
+
57,285
R5,000,000 for 18+
7.90%
7.55%
+
39,962
R5,000,000 for 55+
8.05%
7.55%
+
57,285
R5,000,000 for 55+
8.05%
7.55%
+
57,285
R5,000,000 for 55+
7.90%
7.55%
+
39,962
  • 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 7.9% interest rate at Nedbank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.55%. Over 2 years you will earn R39,962 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+
7.60%
7.15%
+
167
R10,000 for 55+
7.70%
7.65%
+
21
R10,000 for 55+
7.60%
7.65%
-
-17
R100,000 for 18+
7.90%
7.65%
+
946
R100,000 for 18+
7.80%
7.65%
+
560
R100,000 for 55+
7.90%
7.65%
+
946
R100,000 for 55+
7.90%
7.65%
+
946
R100,000 for 55+
7.80%
7.65%
+
560
R250,000 for 18+
8.10%
7.65%
+
4,300
R250,000 for 18+
7.90%
7.65%
+
2,364
R250,000 for 55+
8.10%
7.65%
+
4,300
R250,000 for 55+
8.00%
7.65%
+
3,331
R250,000 for 55+
7.90%
7.65%
+
2,364
R1,000,000 for 18+
8.10%
7.65%
+
17,199
R1,000,000 for 18+
7.95%
7.65%
+
11,566
R1,000,000 for 55+
8.10%
7.65%
+
17,199
R1,000,000 for 55+
8.10%
7.65%
+
17,199
R1,000,000 for 55+
7.95%
7.65%
+
11,566
R5,000,000 for 18+
8.10%
7.65%
+
85,993
R5,000,000 for 18+
7.95%
7.65%
+
57,828
R5,000,000 for 55+
8.10%
7.65%
+
85,993
R5,000,000 for 55+
8.10%
7.65%
+
85,993
R5,000,000 for 55+
7.95%
7.65%
+
57,828
  • 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 7.95% interest rate at Nedbank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.65%. Over 3 years you will earn R57,828 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+
8.25%
7.66%
+
439
R10,000 for 55+
8.55%
8.16%
+
293
R10,000 for 55+
8.25%
8.16%
+
69
R100,000 for 18+
8.70%
8.12%
+
4,405
R100,000 for 18+
8.45%
8.12%
+
2,505
R100,000 for 55+
8.70%
8.12%
+
4,405
R100,000 for 55+
8.65%
8.12%
+
3,981
R100,000 for 55+
8.45%
8.12%
+
2,505
R250,000 for 18+
8.85%
8.12%
+
13,850
R250,000 for 18+
8.55%
8.12%
+
8,016
R250,000 for 55+
8.85%
8.12%
+
13,850
R250,000 for 55+
8.70%
8.12%
+
11,013
R250,000 for 55+
8.55%
8.12%
+
8,016
R1,000,000 for 18+
8.85%
8.12%
+
55,402
R1,000,000 for 18+
8.65%
8.12%
+
39,812
R1,000,000 for 55+
8.85%
8.12%
+
55,402
R1,000,000 for 55+
8.85%
8.12%
+
55,402
R1,000,000 for 55+
8.65%
8.12%
+
39,812
R5,000,000 for 18+
8.85%
8.12%
+
277,009
R5,000,000 for 18+
8.65%
8.12%
+
199,058
R5,000,000 for 55+
8.85%
8.12%
+
277,009
R5,000,000 for 55+
8.85%
8.12%
+
277,009
R5,000,000 for 55+
8.65%
8.12%
+
199,058
  • 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 8.65% interest rate at Nedbank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 8.12%. Over 5 years you will earn R199,058 more in interest at Nedbank compared Standard Bank.