Nedbank Fixed Deposit Review for July 2025

Last updated 1st July 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 1st July 2025 by Walter

R1,000
min deposit
8.85%
best rate

Here are Nedbank's best fixed deposit rates

The best interest rate you can get at Nedbank is 8.85% 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
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% 7.17%
+
1
R10,000 for 55+7.30% 7.19%
+
3
R10,000 for 55+7.20% 7.19%
+
0
R100,000 for 18+7.60% 7.19%
+
103
R100,000 for 18+7.40% 7.19%
+
53
R100,000 for 55+7.60% 7.21%
+
99
R100,000 for 55+7.50% 7.21%
+
73
R100,000 for 55+7.40% 7.21%
+
50
R250,000 for 18+7.70% 7.19%
+
324
R250,000 for 18+7.50% 7.19%
+
194
R250,000 for 55+7.70% 7.25%
+
284
R250,000 for 55+7.60% 7.25%
+
220
R250,000 for 55+7.50% 7.25%
+
155
R1,000,000 for 18+7.70% 7.27%
+
1,080
R1,000,000 for 18+7.60% 7.27%
+
820
R1,000,000 for 55+7.70% 7.33%
+
935
R1,000,000 for 55+7.70% 7.33%
+
935
R1,000,000 for 55+7.60% 7.33%
+
676
R5,000,000 for 18+7.70% 7.27%
+
5,499
R5,000,000 for 18+7.60% 7.27%
+
4,201
R5,000,000 for 55+7.70% 7.29%
+
5,190
R5,000,000 for 55+7.70% 7.29%
+
5,190
R5,000,000 for 55+7.60% 7.29%
+
3,892
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 7.17%. Over 3 months you will earn R1 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% 7.47%
-
-3
R10,000 for 55+7.45% 7.44%
+
1
R10,000 for 55+7.40% 7.44%
-
-2
R100,000 for 18+7.75% 7.45%
+
152
R100,000 for 18+7.60% 7.45%
+
75
R100,000 for 55+7.75% 7.47%
+
146
R100,000 for 55+7.65% 7.47%
+
93
R100,000 for 55+7.60% 7.47%
+
69
R250,000 for 18+7.85% 7.42%
+
551
R250,000 for 18+7.70% 7.42%
+
359
R250,000 for 55+7.85% 7.50%
+
454
R250,000 for 55+7.75% 7.50%
+
322
R250,000 for 55+7.70% 7.50%
+
261
R1,000,000 for 18+7.85% 7.49%
+
1,875
R1,000,000 for 18+7.75% 7.49%
+
1,346
R1,000,000 for 55+7.85% 7.57%
+
1,467
R1,000,000 for 55+7.85% 7.57%
+
1,467
R1,000,000 for 55+7.75% 7.57%
+
938
R5,000,000 for 18+7.85% 7.51%
+
8,813
R5,000,000 for 18+7.75% 7.51%
+
6,168
R5,000,000 for 55+7.85% 7.54%
+
7,966
R5,000,000 for 55+7.85% 7.54%
+
7,966
R5,000,000 for 55+7.75% 7.54%
+
5,321
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 7.47%. Over 6 months you will earn R3 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+7.35% 7.70%
-
-39
R10,000 for 55+7.65% 7.75%
-
-11
R10,000 for 55+7.35% 7.75%
-
-43
R100,000 for 18+8.05% 7.78%
+
291
R100,000 for 18+7.55% 7.78%
-
-239
R100,000 for 55+8.05% 7.81%
+
251
R100,000 for 55+7.85% 7.81%
+
41
R100,000 for 55+7.55% 7.81%
-
-279
R250,000 for 18+8.15% 7.76%
+
1,050
R250,000 for 18+7.90% 7.76%
+
375
R250,000 for 55+8.15% 7.85%
+
810
R250,000 for 55+8.05% 7.85%
+
535
R250,000 for 55+7.90% 7.85%
+
135
R1,000,000 for 18+8.15% 7.80%
+
3,723
R1,000,000 for 18+8.00% 7.80%
+
2,123
R1,000,000 for 55+8.15% 7.92%
+
2,508
R1,000,000 for 55+8.15% 7.92%
+
2,508
R1,000,000 for 55+8.00% 7.92%
+
908
R5,000,000 for 18+8.15% 7.83%
+
16,900
R5,000,000 for 18+8.00% 7.83%
+
8,900
R5,000,000 for 55+8.15% 7.91%
+
12,773
R5,000,000 for 55+8.15% 7.91%
+
12,773
R5,000,000 for 55+8.00% 7.91%
+
4,773
How to read this table?

You get a 7.35% 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 R39 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%
-
-31
R10,000 for 55+7.65% 7.73%
-
-17
R10,000 for 55+7.55% 7.73%
-
-39
R100,000 for 18+7.85% 7.80%
+
156
R100,000 for 18+7.75% 7.80%
-
-82
R100,000 for 55+7.85% 7.78%
+
198
R100,000 for 55+7.85% 7.78%
+
198
R100,000 for 55+7.75% 7.78%
-
-39
R250,000 for 18+8.05% 7.83%
+
1,359
R250,000 for 18+7.85% 7.83%
+
222
R250,000 for 55+8.05% 7.82%
+
1,403
R250,000 for 55+7.95% 7.82%
+
862
R250,000 for 55+7.85% 7.82%
+
267
R1,000,000 for 18+8.05% 7.87%
+
4,353
R1,000,000 for 18+7.90% 7.87%
+
889
R1,000,000 for 55+8.05% 7.90%
+
3,738
R1,000,000 for 55+8.05% 7.90%
+
3,738
R1,000,000 for 55+7.90% 7.90%
+
273
R5,000,000 for 18+8.05% 7.89%
+
19,738
R5,000,000 for 18+7.90% 7.89%
+
2,414
R5,000,000 for 55+8.05% 7.86%
+
22,006
R5,000,000 for 55+8.05% 7.86%
+
22,006
R5,000,000 for 55+7.90% 7.86%
+
4,683
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 R31 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%
-
-86
R10,000 for 55+7.70% 7.89%
-
-64
R10,000 for 55+7.60% 7.89%
-
-102
R100,000 for 18+7.90% 7.99%
-
-292
R100,000 for 18+7.80% 7.99%
-
-678
R100,000 for 55+7.90% 7.96%
-
-176
R100,000 for 55+7.90% 7.96%
-
-176
R100,000 for 55+7.80% 7.96%
-
-562
R250,000 for 18+8.10% 8.02%
+
910
R250,000 for 18+7.90% 8.02%
-
-1,025
R250,000 for 55+8.10% 8.00%
+
1,081
R250,000 for 55+8.00% 8.00%
+
112
R250,000 for 55+7.90% 8.00%
-
-855
R1,000,000 for 18+8.10% 8.05%
+
2,400
R1,000,000 for 18+7.95% 8.05%
-
-3,233
R1,000,000 for 55+8.10% 8.07%
+
1,584
R1,000,000 for 55+8.10% 8.07%
+
1,584
R1,000,000 for 55+7.95% 8.07%
-
-4,049
R5,000,000 for 18+8.10% 8.08%
+
7,564
R5,000,000 for 18+7.95% 8.08%
-
-20,601
R5,000,000 for 55+8.10% 8.02%
+
14,839
R5,000,000 for 55+8.10% 8.02%
+
14,839
R5,000,000 for 55+7.95% 8.02%
-
-13,326
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 R86 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+8.25% 8.51%
-
-190
R10,000 for 55+8.55% 8.48%
+
56
R10,000 for 55+8.25% 8.48%
-
-168
R100,000 for 18+8.70% 8.60%
+
895
R100,000 for 18+8.45% 8.60%
-
-1,005
R100,000 for 55+8.70% 8.53%
+
1,382
R100,000 for 55+8.65% 8.53%
+
958
R100,000 for 55+8.45% 8.53%
-
-519
R250,000 for 18+8.85% 8.63%
+
4,333
R250,000 for 18+8.55% 8.63%
-
-1,501
R250,000 for 55+8.85% 8.58%
+
5,372
R250,000 for 55+8.70% 8.58%
+
2,534
R250,000 for 55+8.55% 8.58%
-
-463
R1,000,000 for 18+8.85% 8.69%
+
12,578
R1,000,000 for 18+8.65% 8.69%
-
-3,012
R1,000,000 for 55+8.85% 8.67%
+
14,574
R1,000,000 for 55+8.85% 8.67%
+
14,574
R1,000,000 for 55+8.65% 8.67%
-
-1,017
R5,000,000 for 18+8.85% 8.69%
+
66,454
R5,000,000 for 18+8.65% 8.69%
-
-11,497
R5,000,000 for 55+8.85% 8.52%
+
122,700
R5,000,000 for 55+8.85% 8.52%
+
122,700
R5,000,000 for 55+8.65% 8.52%
+
44,749
How to read this table?

You get a 8.25% 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 8.51%. Over 5 years you will earn R190 less in interest at Nedbank compared to the average bank.