Nedbank - Fixed Deposit Rates

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 & effective annual rates! This allows you to compare rates across all banks. Yippee!

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

Here are Nedbank's best interest rates

NominalEffective
1 Nedbank 60m1mP 8.90% 9.27%
2 Nedbank 60m250kP 8.80% 9.16%
3 Nedbank 60m25kP 8.69% 9.05%
4 Nedbank 60m5kP 8.20% 8.51%
5 Nedbank 60m250k 6.75% 6.96%
P: only individuals older than 55 qualify
length of term. eg. 60m = 60 months
minimum deposit

The best interest rate you can get at Nedbank is 9.27% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55.

5k Deposit rates for Balances from R5k+

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TermNominalEffectiveRank*
3 months 2.99% 3.03%#8
6 months 3.49% 3.55%#9
12 months 3.90% 3.97%#9
24 months 4.54% 4.64%#9
36 months 5.15% 5.27%#9
60 months 6.19% 6.37%#10
* - Nedbank's ranking for a R5k investment

250k Deposit rates for Balances from R250k+

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TermNominalEffectiveRank*
3 months 3.50% 3.56%#9
6 months 4.09% 4.17%#11
12 months 4.50% 4.59%#11
24 months 5.15% 5.27%#10
36 months 5.75% 5.9%#9
60 months 6.75% 6.96%#10
* - Nedbank's ranking for a R250k investment

1m Deposit rates for Balances from R1m+

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TermNominalEffectiveRank*
6 months 4.16% 4.24%#11
12 months 4.51% 4.6%#11
24 months 5.00% 5.12%#10
36 months 5.40% 5.54%#10
60 months 5.87% 6.03%#10
* - Nedbank's ranking for a R1m investment

5kP Deposit rates for Balances from R5k+ for individuals 55 and older

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TermNominalEffectiveRank*
3 months 3.10% 3.14%#8
6 months 3.54% 3.6%#9
12 months 5.79% 5.95%#8
24 months 5.44% 5.58%#9
36 months 5.79% 5.95%#9
60 months 8.20% 8.51%#7
* - Nedbank's ranking for a R5k investment

250kP Deposit rates for Balances from R250k+ for individuals 55 and older

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TermNominalEffectiveRank*
3 months 3.60% 3.66%#9
6 months 4.14% 4.22%#11
12 months 6.40% 6.59%#4
24 months 6.05% 6.22%#9
36 months 6.40% 6.59%#9
60 months 8.80% 9.16%#4
* - Nedbank's ranking for a R250k investment

1mP Deposit rates for Balances from R1m+ for individuals 55 and older

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TermNominalEffectiveRank*
3 months 3.60% 3.66%#9
6 months 4.25% 4.33%#11
12 months 6.49% 6.69%#3
24 months 6.14% 6.32%#9
36 months 6.49% 6.69%#9
60 months 8.90% 9.27%#3
* - Nedbank's ranking for a R1m investment