Nedbank Platinum Invest Review for March 2026
Introduction
The Nedbank Platinum Invest is a savings account offered by Nedbank. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by Nedbank Platinum Invest and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Nedbank Platinum Invest compare to other banks.
Nedbank Platinum Invest is a notice investment account with tiered rates.
Nedbank Platinum Invest highlights
last updated 1st March 2026 by Walter
- The Nedbank JustSave offers interest rates 5.75% and accepts investments from R1
- The Nedbank Tax-free Savings Account offers interest rates 6.75% and accepts investments from R1
- The Nedbank MoneyTrader offers interest rates 6.70% and accepts investments from R50,000
Nedbank Platinum Invest
This table shows Nedbank Platinum Invest's interest rates for a R10,000, R20,000, R100,000, R1,000,000 and R5,000,000 investment in Nedbank Platinum Invest versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 | 5.50% #10 out of 24 | 4.83% | + R 67 |
| R20,000 | 5.50% #10 out of 25 | 4.88% | + R 125 |
| R100,000 | 6.40% #12 out of 31 | 5.50% | + R 898 |
| R1,000,000 | 6.75% #6 out of 28 | 5.45% | + R 12,964 |
| R5,000,000 | 6.75% #6 out of 28 | 5.49% | + R 62,768 |
- 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Nedbank Platinum Invest.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 0+ | 5.50% | 4.83% | + 67 |
| R20,000 for 0+ | 5.50% | 4.88% | + 125 |
| R100,000 for 0+ | 6.40% | 5.50% | + 898 |
| R1,000,000 for 0+ | 6.75% | 5.45% | + 12,964 |
| R5,000,000 for 0+ | 6.75% | 5.49% | + 62,768 |
- 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 savings account in South africa will give you more than Nedbank Platinum Invest.
You get a 6.75% interest rate at Nedbank Platinum Invest for a R5,000,000 investment. The industry average for a savings account with a balance of R5,000,000 is 5.49%. Over one year you will earn R62,768 more in interest at Nedbank Platinum Invest compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R1 - R100,000
| Account | Min Deposit | Rate |
|---|---|---|
| Absa Cash Invest Tracker | R100,000 | 7.25% |
| Absa Tax Free Savings Account | R1 | 7.40% |
| Discovery Tax-Free Demand Savings Account | R1 | 6.50% |
| FNB Money Maximiser | R100,000 | 7.00% |
| FNB Tax-free Savings | R300 | 6.95% |
| Investec PrimeSaver Account | R100,000 | 6.55% |
| Nedbank Tax-free Savings Account | R1 | 6.75% |
| Nedbank MoneyTrader | R50,000 | 6.70% |
| Standard Bank Tax-Free Call | R250 | 6.53% |
| Standard Bank MoneyMarket Select | R100,000 | 7.05% |
| TymeBank GoalSave Bonus Rate (10-Day Notice) | R1 | 10.00% |