TymeBank vs Nedbank

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares TymeBank interest rates to Nedbank interest rates. All the interest rates shown are sourced from the TymeBank 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 2nd September 2024.

How do TymeBank fixed deposit interest rates compare to Nedbank ?

You are more likely to find better interest rates at TymeBank than Nedbank. Specifically, 70 out of 100 interest rates are better at TymeBank than Nedbank. This means you are more likely to find a better interest rate at Nedbank 30% 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)

TymeBank
9.57%
best rate
Nedbank
9.81%
best rate

The best interest rate you can get at TymeBank is 9.57% for the 12-month fixed deposit. You will need a minimum deposit of R1 . Whilst at Nedbank, the best interest rate you can get is 9.81% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .

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

3 month fixed deposit interest rates compared

TymeBank vs Nedbank

This table shows TymeBank'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 TymeBank1Nedbank1 Winner 2
R10,000 for 18+
7.94%
7.75%
+
5
R10,000 for 55+
7.94%
8.00%
-
-1
R100,000 for 18+
7.94%
8.30%
-
-89
R100,000 for 55+
7.94%
8.20%
-
-66
R250,000 for 18+
7.94%
8.40%
-
-288
R250,000 for 55+
7.94%
8.30%
-
-224
R1,000,000 for 18+
7.94%
8.40%
-
-1,152
R1,000,000 for 55+
7.94%
8.40%
-
-1,152
R5,000,000 for 18+
7.94%
8.40%
-
-5,762
R5,000,000 for 55+
7.94%
8.40%
-
-5,762
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above Nedbank.
    A negative amount means that Nedbank offers more than TymeBank.
How to read this table?

You get a 7.94% interest rate at TymeBank 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 R5,762 less in interest at TymeBank compared Nedbank.

6 month fixed deposit interest rates compared

TymeBank vs Nedbank

This table shows TymeBank'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 TymeBank1Nedbank1 Winner 2
R10,000 for 18+
8.83%
8.15%
+
35
R10,000 for 55+
8.83%
8.25%
+
30
R100,000 for 18+
8.83%
8.55%
+
148
R100,000 for 55+
8.83%
8.45%
+
196
R250,000 for 18+
8.83%
8.65%
+
239
R250,000 for 55+
8.83%
8.55%
+
371
R1,000,000 for 18+
8.83%
8.65%
+
957
R1,000,000 for 55+
8.83%
8.65%
+
957
R5,000,000 for 18+
8.83%
8.65%
+
4,787
R5,000,000 for 55+
8.83%
8.65%
+
4,787
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above Nedbank.
    A negative amount means that Nedbank offers more than TymeBank.
How to read this table?

You get a 8.83% interest rate at TymeBank 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 8.65%. Over 6 months you will earn R4,787 more in interest at TymeBank compared Nedbank.

1 year fixed deposit interest rates compared

TymeBank vs Nedbank

This table shows TymeBank'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 TymeBank1Nedbank1 Winner 2
R10,000 for 18+
9.57%
8.65%
+
100
R10,000 for 55+
9.57%
8.65%
+
100
R100,000 for 18+
9.57%
9.05%
+
570
R100,000 for 55+
9.57%
8.85%
+
780
R250,000 for 18+
9.57%
9.10%
+
1,275
R250,000 for 55+
9.57%
9.05%
+
1,425
R1,000,000 for 18+
9.57%
9.10%
+
5,100
R1,000,000 for 55+
9.57%
9.10%
+
5,100
R5,000,000 for 18+
9.57%
9.10%
+
25,500
R5,000,000 for 55+
9.57%
9.10%
+
25,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at TymeBank over and above Nedbank.
    A negative amount means that Nedbank offers more than TymeBank.
How to read this table?

You get a 9.57% interest rate at TymeBank 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 9.10%. Over 12 months you will earn R25,500 more in interest at TymeBank compared Nedbank.

How do TymeBank interest rates compare to other banks?