Nedbank vs TymeBank

Interest rates compared

Last updated 2nd February 2025 by Walter

Introduction

This fixed deposit comparison page compares Nedbank interest rates to TymeBank interest rates. All the interest rates shown are sourced from the Nedbank and TymeBank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd February 2025.

How do Nedbank fixed deposit interest rates compare to TymeBank ?

You are more likely to find better interest rates at Nedbank than TymeBank. Specifically, 58 out of 100 interest rates are better at Nedbank than TymeBank. This means you are more likely to find a better interest rate at TymeBank 42% 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
9.15%
best rate
TymeBank
8.65%
best rate

The best interest rate you can get at Nedbank is 9.15% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 . Whilst at TymeBank, the best interest rate you can get is 8.65% for the 12-month fixed deposit. You will need a minimum deposit of R1 .

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

3 month fixed deposit interest rates compared

Nedbank vs TymeBank

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

Investment amount Nedbank1TymeBank1 Winner 2
R10,000 for 18+
7.30%
6.96%
+
9
R10,000 for 55+
7.40%
6.96%
+
11
R10,000 for 55+
7.30%
6.96%
+
9
R100,000 for 18+
7.70%
6.96%
+
187
R100,000 for 18+
7.50%
6.96%
+
135
R100,000 for 55+
7.70%
6.96%
+
187
R100,000 for 55+
7.60%
6.96%
+
161
R100,000 for 55+
7.50%
6.96%
+
135
R250,000 for 18+
7.80%
6.96%
+
526
R250,000 for 18+
7.60%
6.96%
+
402
R250,000 for 55+
7.80%
6.96%
+
526
R250,000 for 55+
7.70%
6.96%
+
467
R250,000 for 55+
7.60%
6.96%
+
402
R1,000,000 for 18+
7.80%
6.96%
+
2,106
R1,000,000 for 18+
7.70%
6.96%
+
1,870
R1,000,000 for 55+
7.80%
6.96%
+
2,106
R1,000,000 for 55+
7.80%
6.96%
+
2,106
R1,000,000 for 55+
7.70%
6.96%
+
1,870
R5,000,000 for 18+
7.80%
6.96%
+
10,528
R5,000,000 for 18+
7.70%
6.96%
+
9,348
R5,000,000 for 55+
7.80%
6.96%
+
10,528
R5,000,000 for 55+
7.80%
6.96%
+
10,528
R5,000,000 for 55+
7.70%
6.96%
+
9,348
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above TymeBank.
    A negative amount means that TymeBank offers more than Nedbank.
How to read this table?

You get a 7.7% interest rate at Nedbank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 6.96%. Over 3 months you will earn R9,348 more in interest at Nedbank compared TymeBank.

6 month fixed deposit interest rates compared

Nedbank vs TymeBank

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

Investment amount Nedbank1TymeBank1 Winner 2
R10,000 for 18+
7.60%
7.87%
-
-14
R10,000 for 55+
7.65%
7.87%
-
-12
R10,000 for 55+
7.60%
7.87%
-
-14
R100,000 for 18+
7.95%
7.87%
+
43
R100,000 for 18+
7.80%
7.87%
-
-38
R100,000 for 55+
7.95%
7.87%
+
43
R100,000 for 55+
7.85%
7.87%
-
-10
R100,000 for 55+
7.80%
7.87%
-
-38
R250,000 for 18+
8.05%
7.87%
+
228
R250,000 for 18+
7.90%
7.87%
+
36
R250,000 for 55+
8.05%
7.87%
+
228
R250,000 for 55+
7.95%
7.87%
+
108
R250,000 for 55+
7.90%
7.87%
+
36
R1,000,000 for 18+
8.05%
7.87%
+
913
R1,000,000 for 18+
7.95%
7.87%
+
433
R1,000,000 for 55+
8.05%
7.87%
+
913
R1,000,000 for 55+
8.05%
7.87%
+
913
R1,000,000 for 55+
7.95%
7.87%
+
433
R5,000,000 for 18+
8.05%
7.87%
+
4,565
R5,000,000 for 18+
7.95%
7.87%
+
2,163
R5,000,000 for 55+
8.05%
7.87%
+
4,565
R5,000,000 for 55+
8.05%
7.87%
+
4,565
R5,000,000 for 55+
7.95%
7.87%
+
2,163
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above TymeBank.
    A negative amount means that TymeBank 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 6 month fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 7.87%. Over 6 months you will earn R2,163 more in interest at Nedbank compared TymeBank.

1 year fixed deposit interest rates compared

Nedbank vs TymeBank

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

Investment amount Nedbank1TymeBank1 Winner 2
R10,000 for 18+
7.75%
8.65%
-
-97
R10,000 for 55+
7.80%
8.65%
-
-92
R10,000 for 55+
7.75%
8.65%
-
-97
R100,000 for 18+
8.20%
8.65%
-
-480
R100,000 for 18+
7.95%
8.65%
-
-750
R100,000 for 55+
8.20%
8.65%
-
-480
R100,000 for 55+
8.00%
8.65%
-
-700
R100,000 for 55+
7.95%
8.65%
-
-750
R250,000 for 18+
8.30%
8.65%
-
-950
R250,000 for 18+
8.05%
8.65%
-
-1,625
R250,000 for 55+
8.30%
8.65%
-
-950
R250,000 for 55+
8.20%
8.65%
-
-1,200
R250,000 for 55+
8.05%
8.65%
-
-1,625
R1,000,000 for 18+
8.30%
8.65%
-
-3,800
R1,000,000 for 18+
8.10%
8.65%
-
-5,900
R1,000,000 for 55+
8.30%
8.65%
-
-3,800
R1,000,000 for 55+
8.30%
8.65%
-
-3,800
R1,000,000 for 55+
8.10%
8.65%
-
-5,900
R5,000,000 for 18+
8.30%
8.65%
-
-19,000
R5,000,000 for 18+
8.10%
8.65%
-
-29,500
R5,000,000 for 55+
8.30%
8.65%
-
-19,000
R5,000,000 for 55+
8.30%
8.65%
-
-19,000
R5,000,000 for 55+
8.10%
8.65%
-
-29,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Nedbank over and above TymeBank.
    A negative amount means that TymeBank offers more than Nedbank.
How to read this table?

You get a 8.1% interest rate at Nedbank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 8.65%. Over 12 months you will earn R29,500 less in interest at Nedbank compared TymeBank.

How do Nedbank interest rates compare to other banks?