Nedbank Fixed Deposit Calculator
Nedbank's fixed deposit is one of the most competitive big-four offerings — and Nedbank is historically willing to negotiate rates for larger deposits. Pre-filled with Nedbank's indicative 8.75% 12-month rate. Adjust the rate, term, and deposit amount to model your exact scenario.
8.75%
12-month indicative
R 1 000,00
Minimum deposit
5yr
Maximum term
Nedbank minimum deposit: R 1 000,00
Nedbank typical 12-month rate: (indicative — confirm with bank)
Interest compounds monthly and is paid to you at the end of the term.
Maturity value
R109 109.58
Principal returned after 12 months
Total interest earned
R 9 109,58
Effective annual yield
9.11%
vs 8.75% nominal
Est. after-tax interest (31% marginal)
R 9 109,58
R 9 109,58 exemption applied
Year-by-year breakdown
| Period | Opening balance | Interest | Closing balance |
|---|---|---|---|
| Year 1 | R 100 000,00 | R 9 109,58 | R 109 109,58 |
| Total | R 100 000,00 | R 9 109,58 | R 109 109,58 |
Nedbank fixed deposit — worked examples
All examples use Nedbank's indicative 8.75% 12-month rate, capitalised at maturity. Confirm the current rate in the Nedbank app or website.
R50,000 · 12 months
8.75% · capitalised at maturity
R100,000 · 12 months
8.75% · capitalised at maturity
R200,000 · 24 months
8.75% · capitalised at maturity
R500,000 · 36 months
8.75% · capitalised at maturity
About Nedbank Limited fixed deposits
Nedbank is one of SA's four major banks and its fixed deposit product is considered one of the more competitive among the big four. Nedbank is known for being willing to negotiate rates for deposits above R50,000 — particularly if you bring a competing quote from another bank. This rate-match culture (also present in its home-loan division) gives Nedbank FDs an edge for investors who are prepared to negotiate.
Nedbank FDs are accessible from R1,000 and available in terms from 1 month to 5 years, managed via the Nedbank Money app or online banking. The bank also offers a JustInvest notice account (32-day or 90-day) as a more flexible alternative for investors who may need access before the fixed term ends.
What's specific to Nedbank
- ✓Historically the most willing big-four bank to negotiate FD rates on larger deposits.
- ✓Available from R1,000 with terms from 1 to 60 months.
- ✓JustInvest notice account available as a flexible alternative.
- ✓Manage via Nedbank Money app — maturity instructions set digitally.
- ✓Rate improvement typically materialises above R50,000.
Opens Nedbank Limited's website. Rand Tools is not affiliated with Nedbank.
Nedbank fixed deposit — frequently asked questions
What is Nedbank's fixed deposit rate?
Nedbank's indicative 12-month fixed deposit rate is around 8.75% per year for a typical retail deposit (R50,000+) as of April 2026. Short-term deposits (3–6 months) earn 7.5–8.0%. Longer terms (24–60 months) can reach 9.25–9.5%. Nedbank's advertised rates are a floor — for deposits above R50,000, it's worth asking for a better rate or bringing a competing quote from another bank.
Can I negotiate a better FD rate with Nedbank?
Yes — Nedbank is the big-four bank most willing to negotiate FD rates. If you have a deposit above R50,000 and can show a competing quote from another bank (Capitec and African Bank often have higher rates), Nedbank will frequently match or beat it within its rate band. This is especially true for deposits above R100,000. The negotiation is done via your branch relationship manager or by calling Nedbank Investments directly.
What is Nedbank's JustInvest account?
JustInvest is Nedbank's notice deposit — it earns a variable rate (currently 8.0–8.5% per annum) and requires either 32-day or 90-day notice before you can access funds. It's not a fixed deposit — the rate can change over time — but it gives you flexibility if you're not certain about the term. Useful for funds you want to earn more than a savings account but might need access to within 3 months.
Does Nedbank offer a fixed deposit for businesses?
Yes — Nedbank offers business fixed deposits on similar terms to retail FDs, managed through Nedbank Business Banking. Rates and minimums are negotiated based on deposit size. Business FDs are a common short-term cash-management tool for SMEs with surplus cash they won't need for 3–12 months. Contact Nedbank Business Banking directly for a quote.
What notice do I need to give Nedbank to change maturity instructions?
Set maturity instructions via the Nedbank Money app or by calling Nedbank at least 24–48 hours before the maturity date. If no instruction is given, Nedbank auto-renews the deposit at the current rate for the same original term. Always check what Nedbank is offering for the new term before auto-renewing — rates may have moved and competitors might be offering a better rate.
Compare other SA fixed deposit rates
FNB Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.75%
12-mo
Standard Bank Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.5%
12-mo
Absa Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.5%
12-mo
Capitec Fixed Deposit
Min: R 10 000,00 · Up to 60 mo
9.5%
12-mo
African Bank Fixed Deposit
Min: R 500,00 · Up to 60 mo
10%
12-mo
Was this page helpful?