Save and Invest account interest rates

Digital banking

Bank on any device, from anywhere at anytime.

Switch to Nedbank

Move your salary and debit orders over easily.

Fraud awareness

Protect yourself against the latest schemes and scams.

Forex

For all your travel, international payments, and foreign currency investment needs.

Greenbacks

More rewards at every level as you spend and invest.

Investment services

Local and international wealth management solutions.

Share trading

All-in-one online trading or broker assistance.

Home loans

Buy or build your home with up to 109% financing to cover bond and transfer costs.

Student loans

Nedbank offers full or part-time loans to students.

Overdrafts

Instant access to credit when you need it.

Vehicle finance

Easily apply for MFC vehicle finance in 5 steps.

Solar finance

Secure an affordable energy solution when in need.

Life cover

Secure your family’s future with up to R2million.

Short term insurance

Car, building, house contents, valuables and more.

Travel insurance

Global travel insurance with 24-hr emergency assist.

Business cover

We have cover for small, medium or large businesses.

Secure investments

Guaranteed income and growth plans for future income.

Estate, wills & trust services

We’ll help manage your assets, debts and estate planning.

Nedbank Private Wealth

Banking experience with customised solutions and rates.

Speak to a financial adviser

Our experts are ready to assist when you need them.

Talk to us

We’re here to answer questions and resolve queries.

Find us

Find your nearest branch, ATM and currency exchange.

Bank

Accounts

Bank your way with low fees and extra benefits.

Everyday banking
Simpler more affordable
Kids accounts
For children under 16
- MiGoals4Kids
Youth banking
For 16 to 26 year olds
Seniors accounts
For 55 years and older
- MiGoals Premium Senior
- MiGoals Plus
Private Clients
Personalised banking services
Private Wealth
The globally integrated account
- Private Wealth Bundle
Digital wallet
Your phone is your bank account
- MobiMoney

Credit cards

Enjoy 55 days’ interest free credit and other benefits.

Nedbank
Credit from only R40 pm
- New Gold
- Platinum
American Express
Double Greenbacks rewards
- Amex Gold
- Amex Platinum
SAA Voyager
Faster mile earnings
- Gold
- Premium

Digital banking

Bank on any device, from anywhere at anytime.

Switch to Nedbank

Move your salary and debit orders over easily.

Fraud awareness

Protect yourself against the latest schemes and scams.

Forex

For all your travel, international payments, and foreign currency investment needs.

Greenbacks

More rewards at every level as you spend and invest.

Save & Invest

Accounts

Great interest rates and easy access to your money.

On demand
Money available at any time
- Club
- Stokvel
In 24 hours
Cash in your hand the next day
In 32 days
Funds ready within a month
- Electronic 32Day Notice
- 32Day Notice
End of term
Investments left until maturity

Investment services

Local and international wealth management solutions.

Share trading

All-in-one online trading or broker assistance.

Borrow

Home loans

Buy or build your home with up to 109% financing to cover bond and transfer costs.

Buy
With you from search to purchase
Build
Bring your dream home to life
- Explore build
- Build your first home
Switch
Move your home loan to us
- Explore switch
Manage
All the value-adds, 24/7
Further lending
Flexible and affordable solutions
- Explore further lending

Student loans

Nedbank offers full or part-time loans to students.

Explore student loans

Overdrafts

Instant access to credit when you need it.

Vehicle finance

Easily apply for MFC vehicle finance in 5 steps.

Solar finance

Secure an affordable energy solution when in need.

Insure

Life cover

Secure your family’s future with up to R2million.

Travel insurance

Global travel insurance with 24-hr emergency assist.

Business cover

We have cover for small, medium or large businesses.

Secure investments

Guaranteed income and growth plans for future income.

Plan

Financial planning

Achieve your financial goals with expert planning.

Nedbank Private Wealth

Banking experience with customised solutions and rates.

Speak to a financial adviser

Our experts are ready to assist when you need them.

Learn

Blog

Let our experts guide you on any financial matter.

A financial adviser can help you plan your future

Talk to us

We’re here to answer questions and resolve queries.

Find us

Find your nearest branch, ATM and currency exchange.

24-hour notice investments

Type: cash withdrawal within 24 hours.

Platinum Invest Account

Interest rates

Published: 19 December 2023

Balance	Nominal rate p/a*	Special promotion - nominal rate p/a**
< R2,500	6.50%	7.05%
R2,500 - R24,999	7.00%	7.55%
R25,000 - R49,999	7.25%	7.70%
R50,000 - R99,999	7.75%	7.85%
R100,000 - R249,999	7.90%	8.60%
R250,000 - R499,999	7.95%	8.85%
R500,000 - R999,999	8.00%	8.85%
R1,000,000+	8.20%	8.95%

Tax-free Savings Account

Interest rates

Published: 27 May 2023

Balance	Nominal rate p/a*
< R2,500	6.50%
R2,500 - R24,999	7.25%
R25,000 - R49,999	7.25%
R50,000 - R99,999	7.75%
R100,000 - R249,999	8.00%
R250,000 +	8.25%

JustInvest Account

Interest rates

Published: 19 December 2023

Balance	Nominal rate p/a*	Special promotion - nominal rate p/a**
< R2,500	6.50%	7.05%
R2,500 - R24,999	7.00%	7.55%
R25,000 - R49,999	7.25%	7.70%
R50,000 - R99,999	7.70%	7.80%
R100,000 - R249,999	7.80%	8.50%
R250,000 - R999,999	7.90%	8.75%
R1,000,000+	8.00%	8.75%

MoneyTrader Investment Account

Interest rates

Published: 27 May 2023

Balance	Nominal rate p/a*	Special promotion - nominal rate p/a**
< R50,000	0.00%	0.00%
R50,000 - R99,999	8.20%	8.30%
R100,000 - R249,999	8.20%	8.50%
R250,000 - R499,999	8.20%	8.75%
R500,000 - R999,999	8.20%	8.75%
R1 million +	8.20%	8.75%

Easy Access Deposit Account

Interest rates

Published: 10 March 2023

Period of Interest	Balance	Nominal Rate p/a*	Effective Interest Rate**
12 Months	R25,000 - R249,999	5.90%	6.06%
	R250,000 - R999,999	7.10%	7.33%
	R1000,000 - R99,999,999	7.25%	7.49%

PrimeSelect Account

Interest rates

Published: 26 May 2023

Balance	Period of Investment	Ratio to Prime	Nominal Rate p/a*
R5,000+
	88d - 8m	50%	5.87%
	9m - 11m	50%	5.87%
	12m - 18m	53%	6.22%

*Nominal interest rate – the annualised interest rate that you will earn, calculated on the daily balance of your investment if interest is paid out monthly.

**Effective Interest rate: The rate associated with the investment should you choose to get all your interest paid when your investment matures.

32-day notice accounts

Type: funds are made available following a 32-day notice of withdrawal.

Electronic 32Day Notice Account

Interest rates

Published: 13 July 2023

Balance	Nominal rate p/a*
< R2,500	6.95%
R2,500 - R24,999	7.45%
R25,000 - R49,999	7.70%
R50,000 - R99,999	7.80%
R100,000 - R249,999	8.45%
R250,000 - R499,999	8.75%
R500,000 +	8.80%

32Day Notice Account

Interest rates

Published: 27 May 2023

Balance	Nominal rate p/a*
< R2,500	6.95%
R2,500 – R24,999	7.45%
R25,000 – R49,999	7.60%
R50,000 – R99,999	7.75%
R100,000 – R249,999	8.20%
R250,000 +	8.30%

*Nominal interest rate – the annualised interest rate that you will earn, calculated on the daily balance of your investment if interest is paid out monthly.

End-of-term investment accounts

Type: funds are made available following a fixed term of your choice.

Tax-free Fixed Deposit Account

Interest rates

Published: 17 January 2024

Period of Investment	Balance	Nominal Rate p/a*	Rate at Maturity**
12 Months
	R1,000 - R24,999	8.05%	8.35%
	R25,000 - R249,999	8.85%	9.21%
	R250,000 - R999,999	8.85%	9.21%
	R1,000,000 - R99,999,999	8.85%	9.21%

Electronic Fixed Deposit Account

Interest rates

Published: 06 December 2023

Balance Range	Period of Investment	Nominal Rate p/a*	Equivalent Annual Effective Rate (AER)**	Rate at Maturity***
R1,000 - R24,999
	1 Month	-	-	6.70%
	3 Months	7.55%	-	7.59%
	6 Months	8.15%	-	8.28%
	12 Months	8.65%	-	9.00%
	18 Months	8.30%	8.62%	8.80%
	24 Months	8.20%	8.51%	8.87%
	36 Months	8.25%	8.56%	9.32%
	60 Months	9.00%	9.38%	11.31%
R25,000 - R249,999
	1 Month	-	-	6.90%
	3 Months	7.75%	-	7.80%
	6 Months	8.35%	-	8.49%
	12 Months	8.85%	-	9.21%
	18 Months	8.50%	8.83%	9.03%
	24 Months	8.40%	8.73%	9.11%
	36 Months	8.45%	8.78%	9.57%
	60 Months	9.20%	9.59%	11.62%
R250,000 - R999,999
	1 Month	-	-	7.00%
	3 Months	7.85%	-	7.90%
	6 Months	8.45%	-	8.60%
	12 Months	8.95%	-	9.32%
	18 Months	8.60%	8.94%	9.14%
	24 Months	8.50%	8.83%	9.22%
	36 Months	8.55%	8.89%	9.70%
	60 Months	9.30%	9.70%	11.78%
R1,000,000+
	1 Month	-	-	7.10%
	3 Months	7.95%	-	8.00%
	6 Months	8.55%	-	8.70%
	12 Months	9.00%	-	9.38%
	18 Months	8.65%	9.00%	9.20%
	24 Months	8.55%	8.89%	9.28%
	36 Months	8.60%	8.94%	9.77%
	60 Months	9.40%	9.81%	11.94%

Electronic OptimumPlus Account

Interest rates

^{Published: 31 January 2024}

Balance Range	Period of Investment	Nominal Rate p/a*	Equivalent Annual Effective Rate (AER)**	Rate at Maturity***
R1,000 - R24,999
	1 Month	-	-	7.40%
	3 Months	7.70%	-	7.74%
	6 Months	8.25%	-	8.39%
	12 Months	8.65%	-	9.00%
	18 Months	8.50%	8.83%	9.03%
	24 Months	8.35%	8.67%	9.05%
	36 Months	8.45%	8.78%	9.57%
	60 Months	9.35%	9.76%	11.86%
R25,000 - R249,999
	1 Month	-	-	7.60%
	3 Months	7.90%	-	7.95%
	6 Months	8.45%	-	8.60%
	12 Months	8.85%	-	9.21%
	18 Months	8.70%	9.05%	9.25%
	24 Months	8.55%	8.89%	9.28%
	36 Months	8.65%	9.00%	9.83%
	60 Months	9.45%	9.87%	12.02%
R250,000 - R999,999
	1 Month	-	-	7.70%
	3 Months	8.00%	-	8.05%
	6 Months	8.55%	-	8.70%
	12 Months	9.25%	-	9.65%
	18 Months	8.80%	9.16%	9.37%
	24 Months	8.65%	9.00%	9.40%
	36 Months	8.75%	9.10%	9.96%
	60 Months	9.70%	10.14%	12.42%
R1,000,000+
	1 Month	-	-	7.80%
	3 Months	8.10%	-	8.15%
	6 Months	8.65%	-	8.80%
	12 Months	9.30%	-	9.70%
	18 Months	8.90%	9.27%	9.48%
	24 Months	8.75%	9.10%	9.52%
	36 Months	8.85%	9.21%	10.09%
	60 Months	9.80%	10.25%	12.58%

Platinum Fixed Deposit Account

Interest rates

^{Published: 31 January 2024}

Balance Range	Period of Investment	Nominal Rate p/a*	Equivalent Annual Effective Rate (AER)**	Rate at Maturity
R100,000 - R249,999
	1 Month	-	-	7.70%
	3 Months	8.00%	-	8.05%
	6 Months	8.55%	-	8.70%
	12 Months	9.25%	-	9.65%
	18 Months	8.70%	9.05%	9.25%
	24 Months	8.55%	8.89%	9.28%
	36 Months	8.65%	9.00%	9.83%
	60 Months	9.70%	10.14%	12.42%
R250,000+
	1 Month	-	-	7.80%
	3 Months	7.80%	-	7.82%
	6 Months	8.65%	-	8.80%
	12 Months	9.30%	-	9.70%
	18 Months	8.90%	9.27%	9.48%
	24 Months	8.75%	9.10%	9.52%
	36 Months	8.85%	9.21%	10.09%
	60 Months	9.80%	10.25%	12.58%

Fixed Deposit Account

Interest rates

^{Published: 22 November 2023}

Balance Range	Period of Investment	Nominal Rate p/a*	Equivalent Annual Effective Rate (AER)**	Rate at Maturity***
R5,000 - R24,999
	1 Month	-	-	6.50%
	3 Months	7.15%	-	7.19%
	6 Months	7.75%	-	7.87%
	12 Months	8.15%	-	8.46%
	18 Months	8.20%	8.51%	8.69%
	24 Months	8.10%	8.40%	8.76%
	36 Months	8.15%	8.46%	9.19%
	60 Months	8.60%	8.94%	10.69%
R25,000 - R249,999
	1 Month	-	-	6.70%
	3 Months	7.65%	-	7.69%
	6 Months	8.25%	-	8.39%
	12 Months	8.65%	-	9.00%
	18 Months	8.40%	8.73%	8.91%
	24 Months	8.30%	8.62%	8.99%
	36 Months	8.35%	8.67%	9.45%
	60 Months	9.10%	9.48%	11.46%
R250,000 - R999,999
	1 Month	-	-	6.90%
	3 Months	7.75%	-	7.80%
	6 Months	8.35%	-	8.49%
	12 Months	8.75%	-	9.10%
	18 Months	8.50%	8.83%	9.03%
	24 Months	8.40%	8.73%	9.11%
	36 Months	8.45%	8.78%	9.57%
	60 Months	9.20%	9.59%	11.62%
R1,000,000+
	1 Month	-	-	7.10%
	3 Months	7.85%	-	7.90%
	6 Months	8.45%	-	8.60%
	12 Months	8.85%	-	9.21%
	18 Months	8.55%	8.89%	9.08%
	24 Months	8.45%	8.78%	9.17%
	36 Months	8.50%	8.83%	9.64%
	60 Months	9.30%	9.70%	11.78%

OptimumPlus Account

Interest rates

^{Published: 06 December 2023}

Balance Range	Period of Investment	Nominal Rate p/a*	Equivalent Annual Effective Rate (AER)**	Rate at Maturity***
R5,000 - R24,999
	1 Month	-	-	7.00%
	3 Months	7.30%	-	7.34%
	6 Months	7.85%	-	7.97%
	12 Months	8.30%	-	8.62%
	18 Months	8.10%	8.40%	8.58%
	24 Months	7.95%	8.24%	8.58%
	36 Months	8.05%	8.35%	9.07%
	60 Months	9.25%	9.65%	11.70%
R25,000 - R249,999
	1 Month	-	-	7.50%
	3 Months	7.80%	-	7.85%
	6 Months	8.35%	-	8.49%
	12 Months	8.70%	-	9.05%
	18 Months	8.60%	8.94%	9.14%
	24 Months	8.45%	8.78%	9.17%
	36 Months	8.55%	8.89%	9.70%
	60 Months	9.35%	9.76%	11.86%
R250,000 - R999,999
	1 Month	-	-	7.60%
	3 Months	7.90%	-	7.95%
	6 Months	8.45%	-	8.60%
	12 Months	8.80%	-	9.16%
	18 Months	8.70%	9.05%	9.25%
	24 Months	8.55%	8.89%	9.28%
	36 Months	8.65%	9.00%	9.83%
	60 Months	9.40%	9.81%	11.94%
R1,000,000+
	1 Month	-	-	7.70%
	3 Months	8.00%	-	8.05%
	6 Months	8.55%	-	8.70%
	12 Months	8.90%	-	9.27%
	18 Months	8.80%	9.16%	9.37%
	24 Months	8.65%	9.00%	9.40%
	36 Months	8.75%	9.10%	9.96%
	60 Months	9.50%	9.92%	12.10%

* Nominal interest rate – the annualised interest rate that you will earn, calculated on the daily balance of your investment if interest is paid out monthly.

** Equivalent Annual effective Rate (AER) - the annualised interest rate that you will earn on the money invested, compounded annually in arrears. (Shown to two decimal places)

***Rate at Maturity- the rate you get if you choose to have all interest paid when your investment matures.
Calculated using the original investment amount only at a fixed interest rate, with no compounding.
Note: This is the contracted rate to two decimal points.

On-demand investment accounts

Type: instant cash withdrawal.

Club Savings Account

Interest rates

^{Published: 26 May 2023}

Balance	Nominal rate p/a*
R1,000 - R4,999	5.00%
R5,000 - R9,999	5.00%
R10,000 - R14,999	5.25%
R15,000 - R24,999	5.25%
R25,000 - R39,999	5.25%
R40,000 - R49,999	5.25%
R50,000 - R74,999	5.75%
R75,000 - R99,999	6.25%
R100,000+	6.75%

Stokvel Savings Account

Interest rates

Published: 26 May 2023

Balance	Nominal rate p/a*
R1,000 - R4,999	5.00%
R5,000 - R9,999	5.00%
R10,000 - R14,999	5.25%
R15,000 - R24,999	5.25%
R25,000 - R39,999	5.25%
R40,000 - R49,999	5.25%
R50,000 - R74,999	5.75%
R75,000 - R99,999	6.25%
R100,000+	6.75%

*Nominal interest rate – the annualised interest rate that you will earn, calculated on the daily balance of your investment if interest is paid out monthly.

Learn more about savings and investments

See all

How you can benefit from tax-free savings

Free yourself from paying tax on interest, dividends or capital gains.

By Staff writer

Published 26 Jul 2024 in nedbank:blog/investing

Read

3 mins

How you can benefit from tax-free savings

Free yourself from paying tax on interest, dividends or capital gains.

Staff writer

Published 26 Jul 2024

Read

3 mins

The best time to start saving money is now!

Before you say you ‘can’t afford’ to save, consider why you can’t afford not to.

By Staff writer

Published 24 Jul 2024 in nedbank:blog/saving

Read

4 mins

The best time to start saving money is now!

Before you say you ‘can’t afford’ to save, consider why you can’t afford not to.

Staff writer

Published 24 Jul 2024

Read

4 mins

How can small-scale farmers adapt to climate change?

What can small-scale farmers do to combat weather threats without major investment?

By Staff writer

Published 22 Jul 2024 in nedbank:blog/economy

Read

5 mins

How can small-scale farmers adapt to climate change?

What can small-scale farmers do to combat weather threats without major investment?

Staff writer

Published 22 Jul 2024

Read

5 mins

Unlock your wealth potential with a financial planner

Expert advice to help you manage your money in ways that match your financial goals.

By Staff writer

Published 22 Jul 2024 in nedbank:blog/planning

Read

5 mins

Unlock your wealth potential with a financial planner

Expert advice to help you manage your money in ways that match your financial goals.

Staff writer

Published 22 Jul 2024

Read

5 mins

Avoid costly mistakes with tax-free investments

Moving money from one tax-free account to another can have tax consequences.

By Staff writer

Published 16 Jul 2024 in nedbank:blog/investing

Read

3 mins

Avoid costly mistakes with tax-free investments

Moving money from one tax-free account to another can have tax consequences.

Staff writer

Published 16 Jul 2024

Read

3 mins

Declutter tips and tricks

A clear-out and a yard sale once a year can help your kids learn the value of money.

By Staff writer

Published 12 Jul 2024 in nedbank:blog/saving

Read

5 mins

Declutter tips and tricks

A clear-out and a yard sale once a year can help your kids learn the value of money.

Staff writer

Published 12 Jul 2024

Read

5 mins

Agri export boom must boost local food security

Agriculture is a strong export sector, but we need to ensure local food security too.

By Staff writer

Published 11 Jul 2024 in nedbank:blog/investing

Read

5 mins

Agri export boom must boost local food security

Agriculture is a strong export sector, but we need to ensure local food security too.

Staff writer

Published 11 Jul 2024

Read

5 mins

Alternative heater options to keep warm this winter

Staying warm this winter means finding home heating that uses less electricity.

By Staff writer

Published 11 Jul 2024 in nedbank:blog/saving

Read

3 mins

Alternative heater options to keep warm this winter

Staying warm this winter means finding home heating that uses less electricity.

Staff writer

Published 11 Jul 2024

Read

3 mins

Pay the price you see: Shop online at local sites

Make online shopping simple with no customs duties or currency conversions.

By Staff writer

Published 03 Jul 2024 in nedbank:blog/shopping

Read

3 mins

Pay the price you see: Shop online at local sites

Make online shopping simple with no customs duties or currency conversions.

Staff writer

Published 03 Jul 2024

Read

3 mins

Don’t have your Nedbank ID yet?

Log in

Explore Bank

Explore Save & Invest

Explore Borrow

Explore Insure

Explore Plan

Explore Learn

Explore Contact us

Accounts

Credit cards

Digital banking

Switch to Nedbank

Fraud awareness

Forex

Greenbacks

Accounts

Investment services

Share trading

Personal loans

Home loans

Student loans

Overdrafts

Vehicle finance

Solar finance

Debt assistance

Life cover

Funeral cover

Short term insurance

Credit Life

Travel insurance

Business cover

Secure investments

Financial planning

Estate, wills & trust services

Nedbank Private Wealth

Speak to a financial adviser

Blog

Talk to us

Find us

Save and Invest interest rates

24-hour notice investments

Platinum Invest Account

Interest rates

Balance

Nominal rate p/a*

Special promotion - nominal rate p/a**

Tax-free Savings Account

Interest rates

Balance

Nominal rate p/a*

JustInvest Account

Interest rates

Balance

Nominal rate p/a*

Special promotion - nominal rate p/a**

MoneyTrader Investment Account

Interest rates

Balance

Nominal rate p/a*

Special promotion - nominal rate p/a**

Easy Access Deposit Account

Interest rates

Period of Interest

Balance

Nominal Rate p/a*

Effective Interest Rate**

PrimeSelect Account

Interest rates

Balance

Period of Investment

Ratio to Prime

Nominal Rate p/a*

32-day notice accounts

Electronic 32Day Notice Account

Interest rates

Balance

Nominal rate p/a*

32Day Notice Account

Interest rates