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Account Interest Rates

Get the latest Rates

Rates effective from 10 February 2023. Rates are subject to confirmation on receipt of funds/renewal of the investment by Nedbank. All interest rates are quoted on a per annum basis.

Nedbank Electronic 32Day Notice

An exclusively online account

Balance	Nominal Rate
< R2 500	5,95%
R2 500 – R24 999	6,45%
R25 000 – R49 999	6,60%
R50 000 – R99 999	6,75%
R100 000 – R249 999	7,45%
R250 000 – R499 999	7,75%
R500 000+	7,80%

Nominal rate per annum (NACM): This is the annualised interest rate that you will earn daily and is capitalised monthly. This rate does not take into account the compounding interest effect. Annual Effective Interest rate: Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.

Published at 2022-01-29

Nedbank 32Day Notice

Balance	Nominal Rate
< R2 500	5,95%
R2 500 – R24 999	6,70%
R25 000 – R49 999	6,85%
R50 000 – R99 999	7,00%
R100 000 – R249 999	7,20%
R250 000+	7,30%

MyPocket

MyPocket is Nedbank's hassle-free savings pocket that is linked to your transactional account and that provides easy access to your funds.

Account Balance	Nominal Rate
R 0 - R9 999	6.00%
> R10 000	5.00%

Nedbank Tax Free Fixed Deposit

Minimum opening deposit of R1 000

Period of Investment	Balance	Nominal Rate	Effective Annual Rates
12 months	R5 000 - R24 999	7,90%	8,19%
	R25 000 - R249 999	8,70%	9,05%
	R250 000 - R999 999	8,70%	9,05%
	R1 000 000 - R99 999 999	8,70%	9,05%

Nedbank MoneyTrader Promotion from 28 January 2023 to 28 February 2023

Money Market account. Minimum R50 000.

Balance	Nominal Rate
< R50 000	0,00%
R50 000 – R99 999	7,30%
R100 000 – R249 999	7,50%
R250 000 – R999 999	7,75%
R1 million +	7,75%
* Nedbank MoneyTrader Promotion Terms and Conditions (Afrikaans)

Nedbank MoneyTrader

Money Market account. Minimum R50 000.

Balance	Nominal Rate
< R50 000	0,00%
R50 000 – R99 999	7,20%
R100 000 – R249 999	7,20%
R250 000 – R499 999	7,20%
R500 000 – R999 999	7,20%
R1 million +	7,20%

Electronic Fixed Deposits (For clients younger than 55 years of age).

An exclusively online Fixed Deposit

Balance	Period of Investments	Nominal	Effective Annual Rates
R1 000 – R24 999	1 months	-	2,80%
	3 months	3,30%	3,30%
	6 months	7,60%	7,72%
	12 months	8,30%	8,62%
	18 months	4,70%	4,85%
	24 months	4,95%	5,19%
	36 months	5,55%	6,02%
	60 months	9,10%	11,46%
R25 000 – R249 999	1 month	-	3,00%
	3 months	3,50%	3,51%
	6 months	7,80%	7,92%
	12 months	8,50%	8,83%
	18 months	4,90%	5,07%
	24 months	5,15%	5,41%
	36 months	5,75%	6,25%
	60 months	9,30%	11,78%
R250 000 – R999 999	1 month	-	3,00%
	3 months	3,50%	3,51%
	6 months	7,90%	8,03%
	12 months	8,60%	8,94%
	18 months	5,00%	5,18%
	24 months	5,25%	5,52%
	36 months	5,85%	6,37%
	60 months	9,40%	11,94%
R1 000 000+	1 month	-	3,00%
	3 months	3,50%	3,51%
	6 months	8,00%	8,13%
	12 months	8,70%	9,05%
	18 months	5,10%	5,28%
	24 months	5,35%	5,63%
	36 months	5,95%	6,49%
	60 months	9,50%	12,10%

Fixed Deposits (For clients younger than 55 years of age).

Rates are quoted on a per annum basis.

Balance	Period of Investment	Nominal	Effective Annual Rates
R5 000 – R24 999	1 month	-	2,50%
	3 months	3,00%	3,00%
	6 months	7,20%	7,30%
	12 months	7,80%	8,08%
	18 months	4,30%	4,43%
	24 months	4,55%	4,75%
	36 months	5,15%	5,55%
	60 months	8,70%	10,85%
R25 000 – R249 999	1 month	-	3,00%
	3 months	3,50%	3,51%
	6 months	7,70%	7,82%
	12 months	8,30%	8,62%
	18 months	4,80%	4,96%
	24 months	5,05%	5,30%
	36 months	5,65%	6,14%
	60 months	9,20%	11,62%
R250 000 – R999 999	1 month	-	3,00%
	3 months	3,50%	3,51%
	6 months	7,80%	7,92%
	12 months	8,40%	8,73%
	18 months	4,90%	5,07%
	24 months	5,15%	5,41%
	36 months	5,75%	6,25%
	60 months	9,30%	11,78%
R1 000 000+	1 month	-	3,00%
	3 months	3,50	3,51%
	6 months	7,90%	8,03%
	12 months	8,50%	8,83%
	18 months	5,00%	5,18%
	24 months	5,25%	5,52%
	36 months	5,85%	6,37%
	60 months	9,40%	11,94%

Electronic OptimumPlus

An exclusively online Fixed Deposit for clients 55 years and older.

Balance	Period of Investment	Nominal	Effective Annual Rates
R1 000 – R24 999	1 month	-	2,80%
	3 months	3,40%	3,40%
	6 months	7,70%	7,82%
	12 months	8,30%	8,62%
	18 months	4,75%	4,91%
	24 months	5,85%	6,19%
	36 months	6,20%	6,79%
	60 months	9,30%	11,78%
R25 000 – R249 999	1 month	-	3,00%
	3 months	3,60%	3,61%
	6 months	7,90%	8,03%
	12 months	8,50%	8,83%
	18 months	4,95%	5,12%
	24 months	6,05%	6,41%
	36 months	6,40%	7,03%
	60 months	9,50%	12,10%
R250 000 – R999 999	1 month	-	3,00%
	3 months	3,60%	3,61%
	6 months	8,00%	8,13%
	12 months	8,60%	8,94%
	18 months	5,05%	5,23%
	24 months	6,15%	6,52%
	36 months	6,50%	7,15%
	60 months	9,60%	12,25%
R1 000 000+	1 month	-	3,00%
	3 months	3,60%	3,61%
	6 months	8,10%	8,23%
	12 months	8,70%	9,05%
	18 months	5,15%	5,34%
	24 months	6,25%	6,63%
	36 months	6,60%	7,27%
	60 months	9,70%	12,42%

OptimumPlus

Fixed Deposit exclusive to clients 55 and older.

Balance	Period of Investment	Nominal	Effective Annual Rates
R5 000 – R24 999	1 month	-	2,50%
	3 months	3,10%	3,10%
	6 months	7,30%	7,41%
	12 months	7,70%	7,97%
	18 months	4,35%	4,48%
	24 months	5,45%	5,74%
	36 months	5,80%	6,31%
	60 months	8,90%	11,15%
R25 000 – R249 999	1 month	-	3,00%
	3 months	3,60%	3,61%
	6 months	7,80%	7,92%
	12 months	8,20%	8,51%
	18 months	4,85%	5,02%
	24 months	5,95%	6,30%
	36 months	6,30%	6,91%
	60 months	9,40%	11,94%
R250 000 – R999 999	1 month	-	3,00%
	3 months	3,60%	3,61%
	6 months	7,90%	8,03%
	12 months	8,30%	8,62%
	18 months	4,95%	5,12%
	24 months	6,05%	6,41%
	36 months	6,40%	7,03%
	60 months	9,50%	12,10%
R1 000 000+	1 month	-	3,00%
	3 months	3,60%	3,61%
	6 months	8,00%	8,13%
	12 months	8,40%	8,73%
	18 months	5,05%	5,23%
	24 months	6,15%	6,52%
	36 months	6,50%	7,15%
	60 months	9,60%	12,25%

JustInvest Promotion from 28 January 2023 to 31 March 2023

Money market deposit account

Balance	Nominal Rate
R0 - R2 499	6,05%
R2 500 - R24 999	6,55%
R25 000 – R49 999	6,70%
R50 000 – R99 999	6,80%
R100 000 – R249 999	7,50%
R250 000 – R999 999	7,75%
R1 000 000 +	7,75%
JustInvest Terms and Conditions (Afrikaans)

JustInvest

Money market deposit account

Balance	Nominal Rate
< R2 500	5,50%
R2 500 – R24 999	6,00%
R25 000 – R49 999	6,25%
R50 000 – R99 999	6,70%
R100 000 – R249 999	6,80%
R250 000 – R999 999	6,90%
R1 000 000+	7,00%

EasyAccess Deposit

12 month deposit, with 50% access to your capital

Period of Investment	Balance	Nominal Rate	Effective Annual Rates
12 months	R25 000+	4,50%	4,59%

Money Market Investment Account

Short description

Balance	Nominal Rate
<R20 000	0,00%
R20 000 – R49 999	4,50%
R50 000 – R199 999	4,85%
R200 000 – R499 999	4,95%
R500 000 – R749 999	5,25%
R750 000+	5,75%

PrimeSelect

Balance	Period of Investment	Ratio to Prime	Nominal pa
R5 000 +	88d - 8m	50%	5,37%
	9m – 11m	50%	5,37%
	12m - 18m	53%	5,69%

Platinum Invest Promotion from 28 January 2023 to 31 March 2023

Exclusively for Private Clients and Small-Business Services clients only

Balance	Nominal Rate
R0 – R 2 499	6,05%
R2 500 – R 24 999	6,55%
R25 000 – R 49 999	6,70%
R50 000 – R 99 999	6,85%
R100 000 – R249 999	7,60%
R250 000 – R999 999	7,85%
R1 million +	7,95%
PlatinumInvest Terms and Conditions (Afrikaans)

Platinum Invest

Exclusively for Private Clients and Small-Business Services clients only

Balance	Nominal Rate
R0 – R 2 499	5,50%
R2 500 – R 24 999	6,00%
R25 000 – R 49 999	6,25%
R50 000 – R 99 999	6,75%
R100 000 – R249 999	6,90%
R250 000 – R499 999	6,95%
R500 000 – R999 999	7,00%
R1 million +	7,20%
PlatinumInvest Terms and Conditions (Afrikaans)

Platinum Fixed Deposit

1 - 60 Month Fixed deposit exclusively for Private Clients

Balance	Period of investment	Nominal	Effective Annual Rates
R100 000 – R249 999	1 month		3,00%
	3 months	3,60%	3,61%
	6 months	7,90%	8,03%
	12 months	8,60%	8,94%
	18 months	4,95%	5,12%
	24 months	6,05%	6,41%
	36 months	6,50%	7,15%
	60 months	9,60%	12,25%
R250 000 +	1 month		3,00%
	3 months	3,60%	3,61%
	6 months	8,10%	8,23%
	12 months	8,70%	9,05%
	18 months	5,15%	5,34%
	24 months	6.25%	6,63%
	36 months	6,60%	7,27%
	60 months	9,70%	12,42%

Nedbank Tax Free Savings Account

A 24 hour notice deposit with tax free returns.

Balance	Nominal Rate
< R2 500	5,50%
R2 500 – R 24 999	6,25%
R25 000 – R 49 999	6,25%
R50 000 – R 99 999	6,75%
R100 000 – R249 999	7,00%
R250 000+	7,25%

Multi-Currency Account

	Credit	Debit
AUD	2.00%	6.00%
CAD	2.40%	7.60%
CHF	0.10%	3.35%
DKK	0.70%	4.66%
GBP	2.00%	6.40%
HKD	0.15%	6.97%
JPY	0.00%	3.00%
NOK	0.90%	5.98%
NZD	2.00%	7.27%
SEK	0.00%	5.22%
SGD	1.50%	6.86%
USD	2.50%	7.27%
EUR	0.70%	4.42%
CNY	0.35%	4.91%
BWP	0.10%	4.72%
ILS	0.10%	0.00%
AED	0.09%	0.00%
MUR	0.25%	4.00%
CNH	0.35%	4.91%

Nedbank4me

Savings account for clients up to 18 years of age.

Balance range	Nominal rate
Any positive balance	2.00%

Dezign Save

Balance range	Nominal rate
R0 - R99 999	0.92%
R100 000 +	1.57%

Savings deposit accounts (including Optimum and Prime Club Accounts)

Balance range	Nominal pa
R0 - R499	0.32%
R500 - R9999	0.38%
R10 000 - R14 999	0.42%
R15 000 - R74 999	0.52%
R75 000 - R99 999	0.67%
R100 000+	1.57%

Nedbank Club Account

Balance range	Nominal pa
R1 000 - R4 999	4,00%
R5 000 - R9 999	4,00%
R10 000 - R14 999	4,25%
R15 000 - R24 999	4,25%
R25 000 - R39 999	4,25%
R40 000 - R49 999	4,25%
R50 000 - R74 999	4,75%
R75 000 - R99 999	5,25%
R100 000+	5,75%