Standard Bank vs Nedbank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to Nedbank interest rates. All the interest rates shown are sourced from the Standard Bank and Nedbank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st November 2024.

How do Standard Bank fixed deposit interest rates compare to Nedbank ?

You are more likely to find better interest rates at Nedbank than Standard Bank. Specifically, 7 out of 100 interest rates are better at Standard Bank than Nedbank. This means you are more likely to find a better interest rate at Nedbank 93% 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)

Standard Bank
8.85%
best rate
Nedbank
9.25%
best rate

The best interest rate you can get at Standard Bank is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 . Whilst at Nedbank, the best interest rate you can get is 9.25% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .

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

3 month fixed deposit interest rates compared

Standard Bank vs Nedbank

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

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
6.93%
7.75%
-
-21
R10,000 for 55+
7.43%
8.00%
-
-14
R100,000 for 18+
7.61%
8.30%
-
-174
R100,000 for 55+
7.61%
8.20%
-
-151
R250,000 for 18+
7.61%
8.40%
-
-500
R250,000 for 55+
7.61%
8.30%
-
-436
R1,000,000 for 18+
7.71%
8.40%
-
-1,742
R1,000,000 for 55+
7.71%
8.40%
-
-1,742
R5,000,000 for 18+
7.78%
8.40%
-
-7,884
R5,000,000 for 55+
7.78%
8.40%
-
-7,884
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Nedbank.
    A negative amount means that Nedbank offers more than Standard Bank.
How to read this table?

You get a 7.78% interest rate at Standard Bank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.40%. Over 3 months you will earn R7,884 less in interest at Standard Bank compared Nedbank.

6 month fixed deposit interest rates compared

Standard Bank vs Nedbank

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

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
7.19%
8.10%
-
-47
R10,000 for 55+
7.69%
8.20%
-
-26
R100,000 for 18+
7.74%
8.50%
-
-394
R100,000 for 55+
7.74%
8.40%
-
-341
R250,000 for 18+
7.74%
8.60%
-
-1,116
R250,000 for 55+
7.74%
8.50%
-
-984
R1,000,000 for 18+
7.84%
8.60%
-
-3,935
R1,000,000 for 55+
7.84%
8.60%
-
-3,935
R5,000,000 for 18+
7.91%
8.60%
-
-17,994
R5,000,000 for 55+
7.91%
8.60%
-
-17,994
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Nedbank.
    A negative amount means that Nedbank offers more than Standard Bank.
How to read this table?

You get a 7.91% interest rate at Standard Bank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.60%. Over 6 months you will earn R17,994 less in interest at Standard Bank compared Nedbank.

1 year fixed deposit interest rates compared

Standard Bank vs Nedbank

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

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
7.18%
8.00%
-
-88
R10,000 for 55+
7.68%
8.30%
-
-66
R100,000 for 18+
7.88%
8.70%
-
-890
R100,000 for 55+
7.88%
8.50%
-
-670
R250,000 for 18+
7.88%
8.80%
-
-2,475
R250,000 for 55+
7.88%
8.70%
-
-2,225
R1,000,000 for 18+
7.98%
8.80%
-
-8,800
R1,000,000 for 55+
7.98%
8.80%
-
-8,800
R5,000,000 for 18+
8.05%
8.80%
-
-40,500
R5,000,000 for 55+
8.05%
8.80%
-
-40,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Nedbank.
    A negative amount means that Nedbank offers more than Standard Bank.
How to read this table?

You get a 8.05% interest rate at Standard Bank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.80%. Over 12 months you will earn R40,500 less in interest at Standard Bank compared Nedbank.

2 year fixed deposit interest rates compared

Standard Bank vs Nedbank

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

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
7.39%
7.85%
-
-106
R10,000 for 55+
7.89%
7.95%
-
-15
R100,000 for 18+
8.26%
8.15%
+
260
R100,000 for 55+
8.26%
8.15%
+
260
R250,000 for 18+
8.26%
8.35%
-
-543
R250,000 for 55+
8.26%
8.25%
+
54
R1,000,000 for 18+
8.26%
8.35%
-
-2,173
R1,000,000 for 55+
8.26%
8.35%
-
-2,173
R5,000,000 for 18+
8.26%
8.35%
-
-10,863
R5,000,000 for 55+
8.26%
8.35%
-
-10,863
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Nedbank.
    A negative amount means that Nedbank offers more than Standard Bank.
How to read this table?

You get a 8.26% interest rate at Standard Bank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.35%. Over 2 years you will earn R10,863 less in interest at Standard Bank compared Nedbank.

3 year fixed deposit interest rates compared

Standard Bank vs Nedbank

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

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
7.66%
7.90%
-
-91
R10,000 for 55+
8.16%
8.00%
+
60
R100,000 for 18+
8.13%
8.20%
-
-282
R100,000 for 55+
8.13%
8.20%
-
-282
R250,000 for 18+
8.13%
8.40%
-
-2,564
R250,000 for 55+
8.13%
8.30%
-
-1,590
R1,000,000 for 18+
8.13%
8.40%
-
-10,258
R1,000,000 for 55+
8.13%
8.40%
-
-10,258
R5,000,000 for 18+
8.13%
8.40%
-
-51,290
R5,000,000 for 55+
8.13%
8.40%
-
-51,290
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Nedbank.
    A negative amount means that Nedbank offers more than Standard Bank.
How to read this table?

You get a 8.13% interest rate at Standard Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.40%. Over 3 years you will earn R51,290 less in interest at Standard Bank compared Nedbank.

5 year fixed deposit interest rates compared

Standard Bank vs Nedbank

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

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
7.86%
8.35%
-
-366
R10,000 for 55+
8.36%
8.95%
-
-452
R100,000 for 18+
8.85%
9.10%
-
-1,931
R100,000 for 55+
8.85%
9.05%
-
-1,500
R250,000 for 18+
8.85%
9.25%
-
-7,709
R250,000 for 55+
8.85%
9.10%
-
-4,826
R1,000,000 for 18+
8.85%
9.25%
-
-30,837
R1,000,000 for 55+
8.85%
9.25%
-
-30,837
R5,000,000 for 18+
8.85%
9.25%
-
-154,183
R5,000,000 for 55+
8.85%
9.25%
-
-154,183
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Nedbank.
    A negative amount means that Nedbank offers more than Standard Bank.
How to read this table?

You get a 8.85% interest rate at Standard Bank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 9.25%. Over 5 years you will earn R154,183 less in interest at Standard Bank compared Nedbank.