Nedbank Fixed Deposit Review for April 2025

Last updated 2nd April 2025 by Walter

Introduction

This page summarises all the fixed deposits offered by Nedbank. All the rates shown are sourced from the Nedbank website - nedbank.co.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The Nedbank fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Nedbank fixed deposits highlights

last updated 2nd April 2025 by Walter

R1,000
min deposit
9.15%
best rate

Here are Nedbank's best fixed deposit rates

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 .

Here are Nedbank's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R250,000 60 months 9.15%
2 R100,000 60 months 9.00%
3 R25,000 P60 months 8.95%
4 R1,000 P60 months 8.85%
5 R1,000,000 60 months 8.55%
P
only individuals older than 55 qualify

Nedbank 3 month fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.30% 7.37%
-
-2
R10,000 for 55+7.40% 7.38%
+
1
R10,000 for 55+7.30% 7.38%
-
-2
R100,000 for 18+7.70% 7.39%
+
80
R100,000 for 18+7.50% 7.39%
+
28
R100,000 for 55+7.70% 7.38%
+
80
R100,000 for 55+7.60% 7.38%
+
54
R100,000 for 55+7.50% 7.38%
+
28
R250,000 for 18+7.80% 7.37%
+
268
R250,000 for 18+7.60% 7.37%
+
144
R250,000 for 55+7.80% 7.41%
+
242
R250,000 for 55+7.70% 7.41%
+
183
R250,000 for 55+7.60% 7.41%
+
118
R1,000,000 for 18+7.80% 7.44%
+
901
R1,000,000 for 18+7.70% 7.44%
+
665
R1,000,000 for 55+7.80% 7.47%
+
810
R1,000,000 for 55+7.80% 7.47%
+
810
R1,000,000 for 55+7.70% 7.47%
+
574
R5,000,000 for 18+7.80% 7.44%
+
4,566
R5,000,000 for 18+7.70% 7.44%
+
3,386
R5,000,000 for 55+7.80% 7.44%
+
4,439
R5,000,000 for 55+7.80% 7.44%
+
4,439
R5,000,000 for 55+7.70% 7.44%
+
3,259
How to read this table?

You get a 7.3% interest rate at Nedbank for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.37%. Over 3 months you will earn R2 less in interest at Nedbank compared to the average bank.

Nedbank 6 month fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.60% 7.72%
-
-6
R10,000 for 55+7.65% 7.68%
-
-2
R10,000 for 55+7.60% 7.68%
-
-4
R100,000 for 18+7.95% 7.77%
+
94
R100,000 for 18+7.80% 7.77%
+
13
R100,000 for 55+7.95% 7.71%
+
128
R100,000 for 55+7.85% 7.71%
+
75
R100,000 for 55+7.80% 7.71%
+
46
R250,000 for 18+8.05% 7.78%
+
340
R250,000 for 18+7.90% 7.78%
+
148
R250,000 for 55+8.05% 7.73%
+
407
R250,000 for 55+7.95% 7.73%
+
287
R250,000 for 55+7.90% 7.73%
+
215
R1,000,000 for 18+8.05% 7.82%
+
1,142
R1,000,000 for 18+7.95% 7.82%
+
662
R1,000,000 for 55+8.05% 7.80%
+
1,264
R1,000,000 for 55+8.05% 7.80%
+
1,264
R1,000,000 for 55+7.95% 7.80%
+
784
R5,000,000 for 18+8.05% 7.82%
+
5,772
R5,000,000 for 18+7.95% 7.82%
+
3,370
R5,000,000 for 55+8.05% 7.80%
+
6,473
R5,000,000 for 55+8.05% 7.80%
+
6,473
R5,000,000 for 55+7.95% 7.80%
+
4,071
How to read this table?

You get a 7.6% interest rate at Nedbank for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 7.72%. Over 6 months you will earn R6 less in interest at Nedbank compared to the average bank.

Nedbank 1 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.75% 8.08%
-
-36
R10,000 for 55+7.80% 8.12%
-
-35
R10,000 for 55+7.75% 8.12%
-
-40
R100,000 for 18+8.20% 8.14%
+
70
R100,000 for 18+7.95% 8.14%
-
-200
R100,000 for 55+8.20% 8.14%
+
66
R100,000 for 55+8.00% 8.14%
-
-154
R100,000 for 55+7.95% 8.14%
-
-204
R250,000 for 18+8.30% 8.15%
+
391
R250,000 for 18+8.05% 8.15%
-
-284
R250,000 for 55+8.30% 8.17%
+
348
R250,000 for 55+8.20% 8.17%
+
98
R250,000 for 55+8.05% 8.17%
-
-327
R1,000,000 for 18+8.30% 8.19%
+
1,118
R1,000,000 for 18+8.10% 8.19%
-
-982
R1,000,000 for 55+8.30% 8.23%
+
677
R1,000,000 for 55+8.30% 8.23%
+
677
R1,000,000 for 55+8.10% 8.23%
-
-1,423
R5,000,000 for 18+8.30% 8.20%
+
5,389
R5,000,000 for 18+8.10% 8.20%
-
-5,111
R5,000,000 for 55+8.30% 8.23%
+
3,318
R5,000,000 for 55+8.30% 8.23%
+
3,318
R5,000,000 for 55+8.10% 8.23%
-
-7,182
How to read this table?

You get a 7.75% interest rate at Nedbank for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 8.08%. Over 12 months you will earn R36 less in interest at Nedbank compared to the average bank.

Nedbank 2 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.75% 8.14%
-
-87
R10,000 for 55+7.85% 8.12%
-
-60
R10,000 for 55+7.75% 8.12%
-
-84
R100,000 for 18+8.05% 8.17%
-
-261
R100,000 for 18+7.95% 8.17%
-
-477
R100,000 for 55+8.05% 8.13%
-
-159
R100,000 for 55+8.05% 8.13%
-
-159
R100,000 for 55+7.95% 8.13%
-
-376
R250,000 for 18+8.25% 8.19%
+
468
R250,000 for 18+8.05% 8.19%
-
-725
R250,000 for 55+8.25% 8.15%
+
642
R250,000 for 55+8.15% 8.15%
+
45
R250,000 for 55+8.05% 8.15%
-
-551
R1,000,000 for 18+8.25% 8.22%
+
1,124
R1,000,000 for 18+8.10% 8.22%
-
-2,348
R1,000,000 for 55+8.25% 8.22%
+
1,035
R1,000,000 for 55+8.25% 8.22%
+
1,035
R1,000,000 for 55+8.10% 8.22%
-
-2,436
R5,000,000 for 18+8.25% 8.23%
+
3,795
R5,000,000 for 18+8.10% 8.23%
-
-13,564
R5,000,000 for 55+8.25% 8.16%
+
10,185
R5,000,000 for 55+8.25% 8.16%
+
10,185
R5,000,000 for 55+8.10% 8.16%
-
-7,174
How to read this table?

You get a 7.75% interest rate at Nedbank for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.14%. Over 2 years you will earn R87 less in interest at Nedbank compared to the average bank.

Nedbank 3 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.80% 8.34%
-
-199
R10,000 for 55+7.90% 8.31%
-
-152
R10,000 for 55+7.80% 8.31%
-
-190
R100,000 for 18+8.10% 8.40%
-
-1,057
R100,000 for 18+8.00% 8.40%
-
-1,444
R100,000 for 55+8.10% 8.31%
-
-757
R100,000 for 55+8.10% 8.31%
-
-757
R100,000 for 55+8.00% 8.31%
-
-1,144
R250,000 for 18+8.30% 8.41%
-
-944
R250,000 for 18+8.10% 8.41%
-
-2,799
R250,000 for 55+8.30% 8.35%
-
-341
R250,000 for 55+8.20% 8.35%
-
-1,225
R250,000 for 55+8.10% 8.35%
-
-2,195
R1,000,000 for 18+8.30% 8.45%
-
-5,303
R1,000,000 for 18+8.15% 8.45%
-
-10,958
R1,000,000 for 55+8.30% 8.42%
-
-4,339
R1,000,000 for 55+8.30% 8.42%
-
-4,339
R1,000,000 for 55+8.15% 8.42%
-
-9,993
R5,000,000 for 18+8.30% 8.48%
-
-32,038
R5,000,000 for 18+8.15% 8.48%
-
-60,312
R5,000,000 for 55+8.30% 8.36%
-
-11,833
R5,000,000 for 55+8.30% 8.36%
-
-11,833
R5,000,000 for 55+8.15% 8.36%
-
-40,107
How to read this table?

You get a 7.8% interest rate at Nedbank for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.34%. Over 3 years you will earn R199 less in interest at Nedbank compared to the average bank.

Nedbank 5 year fixed deposit

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

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.15% 8.93%
-
-589
R10,000 for 55+8.85% 8.87%
-
-8
R10,000 for 55+8.15% 8.87%
-
-541
R100,000 for 18+9.00% 8.95%
+
433
R100,000 for 18+8.35% 8.95%
-
-4,513
R100,000 for 55+9.00% 8.86%
+
1,105
R100,000 for 55+8.95% 8.86%
+
747
R100,000 for 55+8.35% 8.86%
-
-3,842
R250,000 for 18+9.15% 8.97%
+
3,605
R250,000 for 18+8.45% 8.97%
-
-9,709
R250,000 for 55+9.15% 8.89%
+
5,042
R250,000 for 55+9.00% 8.89%
+
2,171
R250,000 for 55+8.45% 8.89%
-
-8,272
R1,000,000 for 18+9.15% 9.00%
+
12,321
R1,000,000 for 18+8.55% 9.00%
-
-33,919
R1,000,000 for 55+9.15% 8.96%
+
15,481
R1,000,000 for 55+9.15% 8.96%
+
15,481
R1,000,000 for 55+8.55% 8.96%
-
-30,759
R5,000,000 for 18+9.15% 9.01%
+
58,773
R5,000,000 for 18+8.55% 9.01%
-
-172,428
R5,000,000 for 55+9.15% 8.83%
+
121,294
R5,000,000 for 55+9.15% 8.83%
+
121,294
R5,000,000 for 55+8.55% 8.83%
-
-109,907
How to read this table?

You get a 8.15% interest rate at Nedbank for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.93%. Over 5 years you will earn R589 less in interest at Nedbank compared to the average bank.