FNB
vs
Nedbank
Interest rates compared
Introduction
This fixed deposit comparison page compares FNB interest rates to Nedbank interest rates. All the interest rates shown are sourced from the FNB and Nedbank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st April 2026.
How do FNB fixed deposit interest rates compare to Nedbank ?
You are more likely to find better interest rates at Nedbank than FNB. Specifically, 0 out of 100 interest rates are better at FNB than Nedbank. This means you are more likely to find a better interest rate at Nedbank 100% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)
The best interest rate you can get at FNB is 7.2% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at Nedbank, the best interest rate you can get is 7.8% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .
But how do interest rates at FNB compare to Nedbank across different terms and investment amounts?
3 month fixed deposit interest rates compared
This table shows FNB's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.
| Investment amount | FNB1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 5.90% | 6.35% | - -11 |
| R100,000 for 18+ | 5.90% | 6.65% | - -189 |
| R250,000 for 18+ | 6.00% | 6.75% | - -474 |
| R1,000,000 for 18+ | 6.20% | 6.75% | - -1,390 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at FNB over and above Nedbank.
A negative amount means that Nedbank offers more than FNB.
You get a 6.2% interest rate at FNB for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 6.75%. Over 3 months you will earn R1,390 less in interest at FNB compared Nedbank.
6 month fixed deposit interest rates compared
This table shows FNB's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.
| Investment amount | FNB1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.15% | 6.65% | - -26 |
| R100,000 for 18+ | 6.15% | 6.95% | - -411 |
| R250,000 for 18+ | 6.25% | 7.10% | - -1,092 |
| R1,000,000 for 18+ | 6.45% | 7.10% | - -3,343 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at FNB over and above Nedbank.
A negative amount means that Nedbank offers more than FNB.
You get a 6.45% interest rate at FNB for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.10%. Over 6 months you will earn R3,343 less in interest at FNB compared Nedbank.
1 year fixed deposit interest rates compared
This table shows FNB's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.
| Investment amount | FNB1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.50% | 6.70% | - -21 |
| R100,000 for 18+ | 6.50% | 7.10% | - -638 |
| R250,000 for 18+ | 6.60% | 7.20% | - -1,598 |
| R1,000,000 for 18+ | 6.80% | 7.20% | - -4,264 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at FNB over and above Nedbank.
A negative amount means that Nedbank offers more than FNB.
You get a 6.8% interest rate at FNB for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.20%. Over 12 months you will earn R4,264 less in interest at FNB compared Nedbank.
2 year fixed deposit interest rates compared
This table shows FNB's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.
| Investment amount | FNB1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.40% | 6.80% | - -91 |
| R100,000 for 18+ | 6.40% | 7.10% | - -1,593 |
| R250,000 for 18+ | 6.50% | 7.25% | - -4,277 |
| R1,000,000 for 18+ | 6.70% | 7.25% | - -12,569 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at FNB over and above Nedbank.
A negative amount means that Nedbank offers more than FNB.
You get a 6.7% interest rate at FNB for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.25%. Over 2 years you will earn R12,569 less in interest at FNB compared Nedbank.
3 year fixed deposit interest rates compared
This table shows FNB's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.
| Investment amount | FNB1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.50% | 6.85% | - -127 |
| R100,000 for 18+ | 6.50% | 7.15% | - -2,378 |
| R250,000 for 18+ | 6.60% | 7.30% | - -6,426 |
| R1,000,000 for 18+ | 6.80% | 7.30% | - -18,413 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at FNB over and above Nedbank.
A negative amount means that Nedbank offers more than FNB.
You get a 6.8% interest rate at FNB for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.30%. Over 3 years you will earn R18,413 less in interest at FNB compared Nedbank.
5 year fixed deposit interest rates compared
This table shows FNB's and Nedbank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.
| Investment amount | FNB1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.90% | 7.50% | - -427 |
| R100,000 for 18+ | 6.90% | 7.65% | - -5,357 |
| R250,000 for 18+ | 7.00% | 7.80% | - -14,373 |
| R1,000,000 for 18+ | 7.20% | 7.80% | - -43,330 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at FNB over and above Nedbank.
A negative amount means that Nedbank offers more than FNB.
You get a 7.2% interest rate at FNB for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Nedbank's interest rate for the same terms is 7.80%. Over 5 years you will earn R43,330 less in interest at FNB compared Nedbank.
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