Nedbank Fixed Deposit Review for March 2025
Last updated 2nd March 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 March 2025 by Walter
R1,000
min deposit
9.15%
best rate
5.2 / 10 *
rates rating
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 | Effective |
|---|---|---|---|---|
| 1 | R250,000 | 60 months | 9.15% | 9.54% |
| 2 | R100,000 | 60 months | 9.00% | 9.38% |
| 3 | R25,000 P | 60 months | 8.95% | 9.33% |
| 4 | R1,000 P | 60 months | 8.85% | 9.22% |
| 5 | R1,000,000 | 60 months | 8.55% | 8.89% |
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% | 7.38% | - -2 |
| R10,000 for 55+ | 7.40% | 7.38% | + 0 |
| R10,000 for 55+ | 7.30% | 7.38% | - -2 |
| R100,000 for 18+ | 7.70% | 7.40% | + 77 |
| R100,000 for 18+ | 7.50% | 7.40% | + 25 |
| R100,000 for 55+ | 7.70% | 7.39% | + 78 |
| R100,000 for 55+ | 7.60% | 7.39% | + 52 |
| R100,000 for 55+ | 7.50% | 7.39% | + 26 |
| R250,000 for 18+ | 7.80% | 7.38% | + 262 |
| R250,000 for 18+ | 7.60% | 7.38% | + 138 |
| R250,000 for 55+ | 7.80% | 7.42% | + 236 |
| R250,000 for 55+ | 7.70% | 7.42% | + 177 |
| R250,000 for 55+ | 7.60% | 7.42% | + 112 |
| R1,000,000 for 18+ | 7.80% | 7.45% | + 877 |
| R1,000,000 for 18+ | 7.70% | 7.45% | + 641 |
| R1,000,000 for 55+ | 7.80% | 7.48% | + 787 |
| R1,000,000 for 55+ | 7.80% | 7.48% | + 787 |
| R1,000,000 for 55+ | 7.70% | 7.48% | + 551 |
| 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 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 18+ | 7.30% | 7.38% | - -2 |
| R10,000 for 55+ | 7.40% | 7.38% | + 0 |
| R10,000 for 55+ | 7.30% | 7.38% | - -2 |
| R100,000 for 18+ | 7.70% | 7.40% | + 77 |
| R100,000 for 18+ | 7.50% | 7.40% | + 25 |
| R100,000 for 55+ | 7.70% | 7.39% | + 78 |
| R100,000 for 55+ | 7.60% | 7.39% | + 52 |
| R100,000 for 55+ | 7.50% | 7.39% | + 26 |
| R250,000 for 18+ | 7.80% | 7.38% | + 262 |
| R250,000 for 18+ | 7.60% | 7.38% | + 138 |
| R250,000 for 55+ | 7.80% | 7.42% | + 236 |
| R250,000 for 55+ | 7.70% | 7.42% | + 177 |
| R250,000 for 55+ | 7.60% | 7.42% | + 112 |
| R1,000,000 for 18+ | 7.80% | 7.45% | + 877 |
| R1,000,000 for 18+ | 7.70% | 7.45% | + 641 |
| R1,000,000 for 55+ | 7.80% | 7.48% | + 787 |
| R1,000,000 for 55+ | 7.80% | 7.48% | + 787 |
| R1,000,000 for 55+ | 7.70% | 7.48% | + 551 |
| 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 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Nedbank.
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 7.38%. 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% | 7.73% | - -7 |
| R10,000 for 55+ | 7.65% | 7.68% | - -2 |
| R10,000 for 55+ | 7.60% | 7.68% | - -4 |
| R100,000 for 18+ | 7.95% | 7.78% | + 88 |
| R100,000 for 18+ | 7.80% | 7.78% | + 7 |
| R100,000 for 55+ | 7.95% | 7.71% | + 126 |
| R100,000 for 55+ | 7.85% | 7.71% | + 73 |
| R100,000 for 55+ | 7.80% | 7.71% | + 44 |
| R250,000 for 18+ | 8.05% | 7.79% | + 325 |
| R250,000 for 18+ | 7.90% | 7.79% | + 133 |
| R250,000 for 55+ | 8.05% | 7.73% | + 402 |
| R250,000 for 55+ | 7.95% | 7.73% | + 282 |
| R250,000 for 55+ | 7.90% | 7.73% | + 210 |
| R1,000,000 for 18+ | 8.05% | 7.84% | + 1,082 |
| R1,000,000 for 18+ | 7.95% | 7.84% | + 602 |
| R1,000,000 for 55+ | 8.05% | 7.81% | + 1,244 |
| R1,000,000 for 55+ | 8.05% | 7.81% | + 1,244 |
| R1,000,000 for 55+ | 7.95% | 7.81% | + 763 |
| R5,000,000 for 18+ | 8.05% | 7.83% | + 5,651 |
| R5,000,000 for 18+ | 7.95% | 7.83% | + 3,249 |
| R5,000,000 for 55+ | 8.05% | 7.79% | + 6,553 |
| R5,000,000 for 55+ | 8.05% | 7.79% | + 6,553 |
| R5,000,000 for 55+ | 7.95% | 7.79% | + 4,151 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 18+ | 7.60% | 7.73% | - -7 |
| R10,000 for 55+ | 7.65% | 7.68% | - -2 |
| R10,000 for 55+ | 7.60% | 7.68% | - -4 |
| R100,000 for 18+ | 7.95% | 7.78% | + 88 |
| R100,000 for 18+ | 7.80% | 7.78% | + 7 |
| R100,000 for 55+ | 7.95% | 7.71% | + 126 |
| R100,000 for 55+ | 7.85% | 7.71% | + 73 |
| R100,000 for 55+ | 7.80% | 7.71% | + 44 |
| R250,000 for 18+ | 8.05% | 7.79% | + 325 |
| R250,000 for 18+ | 7.90% | 7.79% | + 133 |
| R250,000 for 55+ | 8.05% | 7.73% | + 402 |
| R250,000 for 55+ | 7.95% | 7.73% | + 282 |
| R250,000 for 55+ | 7.90% | 7.73% | + 210 |
| R1,000,000 for 18+ | 8.05% | 7.84% | + 1,082 |
| R1,000,000 for 18+ | 7.95% | 7.84% | + 602 |
| R1,000,000 for 55+ | 8.05% | 7.81% | + 1,244 |
| R1,000,000 for 55+ | 8.05% | 7.81% | + 1,244 |
| R1,000,000 for 55+ | 7.95% | 7.81% | + 763 |
| R5,000,000 for 18+ | 8.05% | 7.83% | + 5,651 |
| R5,000,000 for 18+ | 7.95% | 7.83% | + 3,249 |
| R5,000,000 for 55+ | 8.05% | 7.79% | + 6,553 |
| R5,000,000 for 55+ | 8.05% | 7.79% | + 6,553 |
| R5,000,000 for 55+ | 7.95% | 7.79% | + 4,151 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Nedbank.
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 7.73%. Over 6 months you will earn R7 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% | 8.09% | - -37 |
| R10,000 for 55+ | 7.80% | 8.13% | - -36 |
| R10,000 for 55+ | 7.75% | 8.13% | - -41 |
| R100,000 for 18+ | 8.20% | 8.15% | + 60 |
| R100,000 for 18+ | 7.95% | 8.15% | - -210 |
| R100,000 for 55+ | 8.20% | 8.15% | + 58 |
| R100,000 for 55+ | 8.00% | 8.15% | - -162 |
| R100,000 for 55+ | 7.95% | 8.15% | - -212 |
| R250,000 for 18+ | 8.30% | 8.16% | + 366 |
| R250,000 for 18+ | 8.05% | 8.16% | - -309 |
| R250,000 for 55+ | 8.30% | 8.17% | + 329 |
| R250,000 for 55+ | 8.20% | 8.17% | + 79 |
| R250,000 for 55+ | 8.05% | 8.17% | - -346 |
| R1,000,000 for 18+ | 8.30% | 8.20% | + 1,018 |
| R1,000,000 for 18+ | 8.10% | 8.20% | - -1,082 |
| R1,000,000 for 55+ | 8.30% | 8.24% | + 600 |
| R1,000,000 for 55+ | 8.30% | 8.24% | + 600 |
| R1,000,000 for 55+ | 8.10% | 8.24% | - -1,500 |
| 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 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 18+ | 7.75% | 8.09% | - -37 |
| R10,000 for 55+ | 7.80% | 8.13% | - -36 |
| R10,000 for 55+ | 7.75% | 8.13% | - -41 |
| R100,000 for 18+ | 8.20% | 8.15% | + 60 |
| R100,000 for 18+ | 7.95% | 8.15% | - -210 |
| R100,000 for 55+ | 8.20% | 8.15% | + 58 |
| R100,000 for 55+ | 8.00% | 8.15% | - -162 |
| R100,000 for 55+ | 7.95% | 8.15% | - -212 |
| R250,000 for 18+ | 8.30% | 8.16% | + 366 |
| R250,000 for 18+ | 8.05% | 8.16% | - -309 |
| R250,000 for 55+ | 8.30% | 8.17% | + 329 |
| R250,000 for 55+ | 8.20% | 8.17% | + 79 |
| R250,000 for 55+ | 8.05% | 8.17% | - -346 |
| R1,000,000 for 18+ | 8.30% | 8.20% | + 1,018 |
| R1,000,000 for 18+ | 8.10% | 8.20% | - -1,082 |
| R1,000,000 for 55+ | 8.30% | 8.24% | + 600 |
| R1,000,000 for 55+ | 8.30% | 8.24% | + 600 |
| R1,000,000 for 55+ | 8.10% | 8.24% | - -1,500 |
| 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 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Nedbank.
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 8.09%. Over 12 months you will earn R37 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% | 8.18% | - -270 |
| R100,000 for 18+ | 7.95% | 8.18% | - -487 |
| R100,000 for 55+ | 8.05% | 8.13% | - -166 |
| R100,000 for 55+ | 8.05% | 8.13% | - -166 |
| R100,000 for 55+ | 7.95% | 8.13% | - -382 |
| R250,000 for 18+ | 8.25% | 8.19% | + 443 |
| R250,000 for 18+ | 8.05% | 8.19% | - -750 |
| R250,000 for 55+ | 8.25% | 8.16% | + 625 |
| R250,000 for 55+ | 8.15% | 8.16% | + 28 |
| R250,000 for 55+ | 8.05% | 8.16% | - -568 |
| R1,000,000 for 18+ | 8.25% | 8.22% | + 1,025 |
| R1,000,000 for 18+ | 8.10% | 8.22% | - -2,446 |
| R1,000,000 for 55+ | 8.25% | 8.22% | + 969 |
| R1,000,000 for 55+ | 8.25% | 8.22% | + 969 |
| R1,000,000 for 55+ | 8.10% | 8.22% | - -2,503 |
| R5,000,000 for 18+ | 8.25% | 8.24% | + 3,253 |
| R5,000,000 for 18+ | 8.10% | 8.24% | - -14,105 |
| R5,000,000 for 55+ | 8.25% | 8.17% | + 9,791 |
| R5,000,000 for 55+ | 8.25% | 8.17% | + 9,791 |
| R5,000,000 for 55+ | 8.10% | 8.17% | - -7,568 |
| 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% | 8.18% | - -270 |
| R100,000 for 18+ | 7.95% | 8.18% | - -487 |
| R100,000 for 55+ | 8.05% | 8.13% | - -166 |
| R100,000 for 55+ | 8.05% | 8.13% | - -166 |
| R100,000 for 55+ | 7.95% | 8.13% | - -382 |
| R250,000 for 18+ | 8.25% | 8.19% | + 443 |
| R250,000 for 18+ | 8.05% | 8.19% | - -750 |
| R250,000 for 55+ | 8.25% | 8.16% | + 625 |
| R250,000 for 55+ | 8.15% | 8.16% | + 28 |
| R250,000 for 55+ | 8.05% | 8.16% | - -568 |
| R1,000,000 for 18+ | 8.25% | 8.22% | + 1,025 |
| R1,000,000 for 18+ | 8.10% | 8.22% | - -2,446 |
| R1,000,000 for 55+ | 8.25% | 8.22% | + 969 |
| R1,000,000 for 55+ | 8.25% | 8.22% | + 969 |
| R1,000,000 for 55+ | 8.10% | 8.22% | - -2,503 |
| R5,000,000 for 18+ | 8.25% | 8.24% | + 3,253 |
| R5,000,000 for 18+ | 8.10% | 8.24% | - -14,105 |
| R5,000,000 for 55+ | 8.25% | 8.17% | + 9,791 |
| R5,000,000 for 55+ | 8.25% | 8.17% | + 9,791 |
| R5,000,000 for 55+ | 8.10% | 8.17% | - -7,568 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Nedbank.
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 |
| 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 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Nedbank.
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 |
| 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 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than Nedbank.
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.