Nedbank Fixed Deposit Review for August 2025

Last updated 3rd August 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 3rd August 2025 by Walter

R1,000
min deposit
8.65%
best rate

Here are Nedbank's best fixed deposit rates

The best interest rate you can get at Nedbank is 8.65% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 and be over the age of 55.

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

# Min deposit Term Nominal
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+7.20% 7.10%
+
3
R10,000 for 18+7.10% 7.10%
+
0
R10,000 for 55+7.20% 7.08%
+
3
R10,000 for 55+7.20% 7.08%
+
3
R10,000 for 55+7.20% 7.08%
+
3
R100,000 for 18+7.50% 7.08%
+
106
R100,000 for 18+7.30% 7.08%
+
56
R100,000 for 55+7.50% 7.11%
+
98
R100,000 for 55+7.40% 7.11%
+
74
R100,000 for 55+7.40% 7.11%
+
74
R250,000 for 18+7.60% 7.06%
+
340
R250,000 for 18+7.40% 7.06%
+
216
R250,000 for 55+7.60% 7.15%
+
283
R250,000 for 55+7.50% 7.15%
+
218
R250,000 for 55+7.50% 7.15%
+
218
R1,000,000 for 18+7.60% 7.15%
+
1,143
R1,000,000 for 18+7.50% 7.15%
+
883
R1,000,000 for 55+7.60% 7.23%
+
923
R1,000,000 for 55+7.60% 7.23%
+
923
R1,000,000 for 55+7.60% 7.23%
+
923
R5,000,000 for 18+7.60% 7.19%
+
5,150
R5,000,000 for 18+7.50% 7.19%
+
3,850
R5,000,000 for 55+7.60% 7.23%
+
4,617
R5,000,000 for 55+7.60% 7.23%
+
4,617
R5,000,000 for 55+7.60% 7.23%
+
4,617
How to read this table?

You get a 7.2% 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 7.10%. Over 3 months you will earn R3 more 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+7.40% 7.45%
-
-2
R10,000 for 18+7.30% 7.45%
-
-8
R10,000 for 55+7.40% 7.40%
+
0
R10,000 for 55+7.40% 7.40%
+
0
R10,000 for 55+7.40% 7.40%
+
0
R100,000 for 18+7.70% 7.38%
+
168
R100,000 for 18+7.50% 7.38%
+
62
R100,000 for 55+7.70% 7.40%
+
156
R100,000 for 55+7.60% 7.40%
+
103
R100,000 for 55+7.60% 7.40%
+
103
R250,000 for 18+7.80% 7.34%
+
586
R250,000 for 18+7.60% 7.34%
+
333
R250,000 for 55+7.80% 7.43%
+
467
R250,000 for 55+7.70% 7.43%
+
347
R250,000 for 55+7.70% 7.43%
+
347
R1,000,000 for 18+7.80% 7.41%
+
2,013
R1,000,000 for 18+7.65% 7.41%
+
1,243
R1,000,000 for 55+7.80% 7.50%
+
1,523
R1,000,000 for 55+7.80% 7.50%
+
1,523
R1,000,000 for 55+7.75% 7.50%
+
1,282
R5,000,000 for 18+7.80% 7.47%
+
8,432
R5,000,000 for 18+7.65% 7.47%
+
4,583
R5,000,000 for 55+7.80% 7.51%
+
7,400
R5,000,000 for 55+7.80% 7.51%
+
7,400
R5,000,000 for 55+7.75% 7.51%
+
6,198
How to read this table?

You get a 7.4% 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 7.45%. Over 6 months you will earn R2 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+7.55% 7.70%
-
-16
R10,000 for 18+7.35% 7.70%
-
-38
R10,000 for 55+7.55% 7.70%
-
-15
R10,000 for 55+7.55% 7.70%
-
-15
R10,000 for 55+7.35% 7.70%
-
-37
R100,000 for 18+7.95% 7.71%
+
257
R100,000 for 18+7.55% 7.71%
-
-173
R100,000 for 55+7.95% 7.73%
+
238
R100,000 for 55+7.75% 7.73%
+
18
R100,000 for 55+7.55% 7.73%
-
-192
R250,000 for 18+8.05% 7.69%
+
952
R250,000 for 18+7.80% 7.69%
+
277
R250,000 for 55+8.05% 7.77%
+
752
R250,000 for 55+7.95% 7.77%
+
502
R250,000 for 55+7.90% 7.77%
+
352
R1,000,000 for 18+8.05% 7.74%
+
3,338
R1,000,000 for 18+7.90% 7.74%
+
1,738
R1,000,000 for 55+8.05% 7.83%
+
2,277
R1,000,000 for 55+8.05% 7.83%
+
2,277
R1,000,000 for 55+8.00% 7.83%
+
1,777
R5,000,000 for 18+8.05% 7.79%
+
13,750
R5,000,000 for 18+7.90% 7.79%
+
5,750
R5,000,000 for 55+8.05% 7.85%
+
10,636
R5,000,000 for 55+8.05% 7.85%
+
10,636
R5,000,000 for 55+8.00% 7.85%
+
8,136
How to read this table?

You get a 7.55% 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 7.70%. Over 12 months you will earn R16 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+7.55% 7.70%
-
-30
R10,000 for 18+7.45% 7.70%
-
-54
R10,000 for 55+7.55% 7.66%
-
-21
R10,000 for 55+7.55% 7.66%
-
-21
R10,000 for 55+7.55% 7.66%
-
-21
R100,000 for 18+7.85% 7.73%
+
313
R100,000 for 18+7.65% 7.73%
-
-162
R100,000 for 55+7.85% 7.67%
+
450
R100,000 for 55+7.75% 7.67%
+
212
R100,000 for 55+7.75% 7.67%
+
212
R250,000 for 18+7.95% 7.76%
+
1,211
R250,000 for 18+7.75% 7.76%
+
21
R250,000 for 55+7.95% 7.71%
+
1,481
R250,000 for 55+7.85% 7.71%
+
886
R250,000 for 55+7.85% 7.71%
+
886
R1,000,000 for 18+7.95% 7.80%
+
3,762
R1,000,000 for 18+7.80% 7.80%
+
85
R1,000,000 for 55+7.95% 7.79%
+
4,055
R1,000,000 for 55+7.95% 7.79%
+
4,055
R1,000,000 for 55+7.90% 7.79%
+
2,756
R5,000,000 for 18+7.95% 7.84%
+
15,021
R5,000,000 for 18+7.80% 7.84%
-
-3,367
R5,000,000 for 55+7.95% 7.77%
+
20,880
R5,000,000 for 55+7.95% 7.77%
+
20,880
R5,000,000 for 55+7.90% 7.77%
+
14,387
How to read this table?

You get a 7.55% 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 7.70%. Over 2 years you will earn R30 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+7.60% 7.84%
-
-85
R10,000 for 18+7.50% 7.84%
-
-123
R10,000 for 55+7.60% 7.80%
-
-71
R10,000 for 55+7.60% 7.80%
-
-71
R10,000 for 55+7.60% 7.80%
-
-71
R100,000 for 18+7.90% 7.91%
+
3
R100,000 for 18+7.70% 7.91%
-
-733
R100,000 for 55+7.90% 7.83%
+
306
R100,000 for 55+7.80% 7.83%
-
-80
R100,000 for 55+7.80% 7.83%
-
-80
R250,000 for 18+8.00% 7.94%
+
670
R250,000 for 18+7.80% 7.94%
-
-1,261
R250,000 for 55+8.00% 7.87%
+
1,310
R250,000 for 55+7.90% 7.87%
+
343
R250,000 for 55+7.90% 7.87%
+
343
R1,000,000 for 18+8.00% 7.97%
+
1,482
R1,000,000 for 18+7.85% 7.97%
-
-4,139
R1,000,000 for 55+8.00% 7.94%
+
2,549
R1,000,000 for 55+8.00% 7.94%
+
2,549
R1,000,000 for 55+7.95% 7.94%
+
791
R5,000,000 for 18+8.00% 8.02%
-
-1,082
R5,000,000 for 18+7.85% 8.02%
-
-29,190
R5,000,000 for 55+8.00% 7.92%
+
14,661
R5,000,000 for 55+8.00% 7.92%
+
14,661
R5,000,000 for 55+7.95% 7.92%
+
5,868
How to read this table?

You get a 7.6% 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 7.84%. Over 3 years you will earn R85 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+8.35% 8.47%
-
-83
R10,000 for 18+8.20% 8.47%
-
-194
R10,000 for 55+8.35% 8.41%
-
-34
R10,000 for 55+8.35% 8.41%
-
-34
R10,000 for 55+8.25% 8.41%
-
-111
R100,000 for 18+8.50% 8.48%
+
214
R100,000 for 18+8.40% 8.48%
-
-556
R100,000 for 55+8.50% 8.40%
+
794
R100,000 for 55+8.45% 8.40%
+
443
R100,000 for 55+8.45% 8.40%
+
443
R250,000 for 18+8.50% 8.52%
-
-206
R250,000 for 55+8.65% 8.45%
+
3,883
R250,000 for 55+8.65% 8.45%
+
3,883
R250,000 for 55+8.55% 8.45%
+
1,946
R250,000 for 55+8.50% 8.45%
+
1,068
R1,000,000 for 18+8.60% 8.58%
+
2,153
R1,000,000 for 55+8.65% 8.53%
+
9,230
R1,000,000 for 55+8.65% 8.53%
+
9,230
R1,000,000 for 55+8.65% 8.53%
+
9,230
R1,000,000 for 55+8.65% 8.53%
+
9,230
R5,000,000 for 18+8.60% 8.58%
+
13,575
R5,000,000 for 55+8.65% 8.45%
+
73,220
R5,000,000 for 55+8.65% 8.45%
+
73,220
R5,000,000 for 55+8.65% 8.45%
+
73,220
R5,000,000 for 55+8.65% 8.45%
+
73,220
How to read this table?

You get a 8.35% 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 8.47%. Over 5 years you will earn R83 less in interest at Nedbank compared to the average bank.