Nedbank Tax-free Fixed Deposit Review for June 2026
Last updated 2nd June 2026 by Walter
Introduction
The Nedbank Tax-free Fixed Deposit is a fixed deposit offered by Nedbank. Unlike savings accounts, fixed deposits lock in your interest rate for the full term, giving you certainty on your returns.
This page summarises interest rates offered by Nedbank Tax-free Fixed Deposit and compares them to South Africa's fixed deposit industry average. So you can get a good idea how the interest rates offered by Nedbank Tax-free Fixed Deposit compare to other banks.
Nedbank website
view official Nedbank Tax-free Fixed Deposit page
Nedbank Tax-free Fixed Deposit highlights
last updated 2nd June 2026 by Walter
R1k
min deposit
7.15% - 7.3%
interest rate
1 year
terms
18+
min age
PS. Did you know that Nedbank also offers the following fixed deposits
- The Nedbank Platinum Fixed Deposit offers interest rates 6.35% - 8.3% and accepts investments from R1,000
- The Nedbank Electronic OptimumPlus offers interest rates 6.35% - 8.3% and accepts investments from R1,000
- The Nedbank Electronic Fixed Deposit offers interest rates 6.25% - 8.25% and accepts investments from R1,000
Similar fixed deposits from other banks
| Product | Min Deposit | Rate |
|---|---|---|
| Fedgroup Secured Investment (5 Years) | R1 | 8.65% |
| SA Retail Bonds Fixed Rates | R1 | 8% - 8.5% |
| African Bank Fixed Deposit | R0 | 6.51% - 8.47% |
| Capitec Fixed-Term Savings | R10,000 | 6.5% - 8.25% |
| TymeBank Fixed Deposit | R1 | 7.75% - 8.25% |
| Investec Fixed Deposit Special | R100,000 | 6.95% - 8.21% |
| Absa Dynamic Senior Fixed Deposit | R1,000 | 6.3% - 8.15% |
| FNB Senior Preferential Fixed Deposit | R1,000 | 4.1% - 8.15% |
Check out the full
Nedbank fixed deposit review for June 2026
or the
Nedbank fixed deposit calculator