Standard Bank vs Nedbank

Interest rates compared

Last updated 1st April 2026 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 April 2026.

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, 43 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 57% 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
8.05%
best rate
Nedbank
7.80%
best rate

The best interest rate you can get at Standard Bank is 8.046511852009797% 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 7.8% 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+
5.70%
6.35%
-
-16
R100,000 for 18+
6.35%
6.65%
-
-75
R250,000 for 18+
6.35%
6.75%
-
-250
R1,000,000 for 18+
6.45%
6.75%
-
-763
  • 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 6.447986184283039% interest rate at Standard Bank for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 6.75%. Over 3 months you will earn R763 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+
5.72%
6.65%
-
-48
R100,000 for 18+
6.53%
6.95%
-
-216
R250,000 for 18+
6.53%
7.10%
-
-733
R1,000,000 for 18+
6.62%
7.10%
-
-2,448
  • 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 6.6241399328042405% interest rate at Standard Bank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.10%. Over 6 months you will earn R2,448 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+
5.79%
6.70%
-
-96
R100,000 for 18+
7.02%
7.10%
-
-88
R250,000 for 18+
7.02%
7.20%
-
-486
R1,000,000 for 18+
7.11%
7.20%
-
-944
  • 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 7.111560486646251% interest rate at Standard Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.20%. Over 12 months you will earn R944 less in interest at Standard Bank compared Nedbank.

1.5 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 1.5 year fixed deposit.

Investment amount Standard Bank1Nedbank1 Winner 2
R10,000 for 18+
6.08%
6.75%
-
-110
R100,000 for 18+
7.43%
7.05%
+
634
R250,000 for 18+
7.43%
7.20%
+
963
R1,000,000 for 18+
7.43%
7.20%
+
3,852
  • 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 7.431571539949822% interest rate at Standard Bank for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.20%. Over 1.5 years you will earn R3,852 more 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+
6.12%
6.80%
-
-155
R100,000 for 18+
7.53%
7.10%
+
999
R250,000 for 18+
7.53%
7.25%
+
1,637
R1,000,000 for 18+
7.53%
7.25%
+
6,549
  • 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 7.534301082272776% interest rate at Standard Bank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.25%. Over 2 years you will earn R6,549 more 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+
6.20%
6.85%
-
-236
R100,000 for 18+
7.69%
7.15%
+
2,021
R250,000 for 18+
7.69%
7.30%
+
3,664
R1,000,000 for 18+
7.69%
7.30%
+
14,657
  • 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 7.6928760712593025% interest rate at Standard Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.30%. Over 3 years you will earn R14,657 more 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+
6.54%
7.50%
-
-677
R100,000 for 18+
8.05%
7.65%
+
2,913
R250,000 for 18+
8.05%
7.80%
+
4,543
R1,000,000 for 18+
8.05%
7.80%
+
18,173
  • 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 8.046511852009797% interest rate at Standard Bank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.80%. Over 5 years you will earn R18,173 more in interest at Standard Bank compared Nedbank.

How do Standard Bank interest rates compare to other banks?