Capitec Fixed Deposit Review for March 2024

Last updated 2nd March24 by Walter

Introduction

This page summarises all the fixed deposits offered by Capitec. All the rates shown are sourced from the Capitec website - capitec.co.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The Capitec fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Capitec fixed deposits highlights

last updated 2nd March24 by Walter

R10,000
min deposit
9.50%
best rate

Here are Capitec's best fixed deposit rates

The best interest rate you can get at Capitec is 9.5% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

Here are Capitec's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R1,000,000 60 months 9.50%
2 R250,000 60 months 9.45%
3 R50,000 60 months 9.25%
4 R10,000 60 months 9.20%
5 R250,000 48 months 9.15%
P
only individuals older than 55 qualify

Capitec 6 month fixed deposit

This table shows Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.15% 8.47%
-
-17
R10,000 for 55+8.15% 8.60%
-
-24
R100,000 for 18+8.35% 8.59%
-
-123
R100,000 for 55+8.35% 8.66%
-
-158
R250,000 for 18+8.45% 8.61%
-
-203
R250,000 for 55+8.45% 8.67%
-
-280
R1,000,000 for 18+8.50% 8.66%
-
-820
R1,000,000 for 55+8.50% 8.72%
-
-1,130
R5,000,000 for 18+8.50% 8.72%
-
-5,737
R5,000,000 for 55+8.50% 8.80%
-
-7,813
How to read this table?

You get a 8.15% interest rate at Capitec for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.47%. Over 6 months you will earn R17 less in interest at Capitec compared to the average bank.

Capitec 1 year fixed deposit

This table shows Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.50% 9.04%
-
-58
R10,000 for 55+8.50% 9.17%
-
-72
R100,000 for 18+8.60% 9.15%
-
-593
R100,000 for 55+8.60% 9.21%
-
-661
R250,000 for 18+8.65% 9.17%
-
-1,404
R250,000 for 55+8.65% 9.25%
-
-1,636
R1,000,000 for 18+8.70% 9.19%
-
-5,275
R1,000,000 for 55+8.70% 9.28%
-
-6,245
R5,000,000 for 18+8.70% 9.23%
-
-28,750
R5,000,000 for 55+8.70% 9.34%
-
-34,667
How to read this table?

You get a 8.5% interest rate at Capitec for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 9.04%. Over 12 months you will earn R58 less in interest at Capitec compared to the average bank.

Capitec 2 year fixed deposit

This table shows Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.70% 8.79%
-
-17
R10,000 for 55+8.70% 8.94%
-
-50
R100,000 for 18+8.75% 8.86%
-
-218
R100,000 for 55+8.75% 8.98%
-
-491
R250,000 for 18+8.85% 8.90%
-
-156
R250,000 for 55+8.85% 8.99%
-
-731
R1,000,000 for 18+8.90% 8.91%
+
142
R1,000,000 for 55+8.90% 9.02%
-
-2,488
R5,000,000 for 18+8.90% 8.94%
-
-2,487
R5,000,000 for 55+8.90% 9.04%
-
-17,238
How to read this table?

You get a 8.7% interest rate at Capitec for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.79%. Over 2 years you will earn R17 less in interest at Capitec compared to the average bank.

Capitec 3 year fixed deposit

This table shows Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.80% 8.96%
-
-54
R10,000 for 55+8.80% 9.09%
-
-107
R100,000 for 18+8.85% 9.13%
-
-1,022
R100,000 for 55+8.85% 9.25%
-
-1,477
R250,000 for 18+8.95% 9.16%
-
-1,900
R250,000 for 55+8.95% 9.27%
-
-2,866
R1,000,000 for 18+9.05% 9.18%
-
-4,617
R1,000,000 for 55+9.05% 9.29%
-
-8,994
R5,000,000 for 18+9.05% 9.23%
-
-32,017
R5,000,000 for 55+9.05% 9.31%
-
-51,565
How to read this table?

You get a 8.8% interest rate at Capitec for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.96%. Over 3 years you will earn R54 less in interest at Capitec compared to the average bank.

Capitec 5 year fixed deposit

This table shows Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.20% 9.59%
-
-295
R10,000 for 55+9.20% 9.72%
-
-400
R100,000 for 18+9.25% 9.72%
-
-3,676
R100,000 for 55+9.25% 9.79%
-
-4,220
R250,000 for 18+9.45% 9.74%
-
-5,624
R250,000 for 55+9.45% 9.82%
-
-7,091
R1,000,000 for 18+9.50% 9.76%
-
-20,179
R1,000,000 for 55+9.50% 9.84%
-
-26,585
R5,000,000 for 18+9.50% 9.80%
-
-116,213
R5,000,000 for 55+9.50% 9.80%
-
-124,547
How to read this table?

You get a 9.2% interest rate at Capitec for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 9.59%. Over 5 years you will earn R295 less in interest at Capitec compared to the average bank.

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