Absa
vs
Capitec
Interest rates compared
Introduction
This fixed deposit comparison page compares Absa interest rates to Capitec interest rates. All the interest rates shown are sourced from the Absa and Capitec websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st November 2024.
How do Absa fixed deposit interest rates compare to Capitec ?
You are more likely to find better interest rates at Capitec than Absa. Specifically, 40 out of 100 interest rates are better at Absa than Capitec. This means you are more likely to find a better interest rate at Capitec 60% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)
The best interest rate you can get at Absa is 8.95% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 . Whilst at Capitec, the best interest rate you can get is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .
But how do interest rates at Absa compare to Capitec across different terms and investment amounts?
6 month fixed deposit interest rates compared
This table shows Absa's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.
| Investment amount | Absa1 | Capitec1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.40% | 7.70% | + 36 |
| R10,000 for 18+ | 8.35% | 7.70% | + 34 |
| R10,000 for 55+ | 8.45% | 7.70% | + 39 |
| R10,000 for 55+ | 8.40% | 7.70% | + 36 |
| R100,000 for 18+ | 8.40% | 7.75% | + 336 |
| R100,000 for 18+ | 8.35% | 7.75% | + 312 |
| R100,000 for 55+ | 8.45% | 7.75% | + 365 |
| R100,000 for 55+ | 8.40% | 7.75% | + 336 |
| R250,000 for 18+ | 8.40% | 7.80% | + 780 |
| R250,000 for 18+ | 8.35% | 7.80% | + 720 |
| R250,000 for 55+ | 8.45% | 7.80% | + 852 |
| R250,000 for 55+ | 8.40% | 7.80% | + 780 |
| R1,000,000 for 18+ | 8.40% | 8.00% | + 2,064 |
| R1,000,000 for 18+ | 8.35% | 8.00% | + 1,824 |
| R1,000,000 for 55+ | 8.45% | 8.00% | + 2,352 |
| R1,000,000 for 55+ | 8.40% | 8.00% | + 2,064 |
| R5,000,000 for 18+ | 8.40% | 8.00% | + 10,320 |
| R5,000,000 for 18+ | 8.35% | 8.00% | + 9,121 |
| R5,000,000 for 55+ | 8.45% | 8.00% | + 11,758 |
| R5,000,000 for 55+ | 8.40% | 8.00% | + 10,320 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Absa over and above Capitec.
A negative amount means that Capitec offers more than Absa.
You get a 8.4% interest rate at Absa for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.00%. Over 6 months you will earn R10,320 more in interest at Absa compared Capitec.
1 year fixed deposit interest rates compared
This table shows Absa's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.
| Investment amount | Absa1 | Capitec1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.95% | 8.00% | + 103 |
| R10,000 for 18+ | 8.25% | 8.00% | + 27 |
| R10,000 for 55+ | 8.85% | 8.00% | + 92 |
| R10,000 for 55+ | 8.30% | 8.00% | + 32 |
| R100,000 for 18+ | 8.95% | 8.10% | + 920 |
| R100,000 for 18+ | 8.25% | 8.10% | + 160 |
| R100,000 for 55+ | 8.85% | 8.10% | + 810 |
| R100,000 for 55+ | 8.30% | 8.10% | + 210 |
| R250,000 for 18+ | 8.95% | 8.15% | + 2,175 |
| R250,000 for 18+ | 8.25% | 8.15% | + 275 |
| R250,000 for 55+ | 8.85% | 8.15% | + 1,900 |
| R250,000 for 55+ | 8.30% | 8.15% | + 400 |
| R1,000,000 for 18+ | 8.95% | 8.30% | + 7,100 |
| R1,000,000 for 18+ | 8.25% | 8.30% | - -500 |
| R1,000,000 for 55+ | 8.85% | 8.30% | + 6,000 |
| R1,000,000 for 55+ | 8.30% | 8.30% | - 0 |
| R5,000,000 for 18+ | 8.95% | 8.30% | + 35,500 |
| R5,000,000 for 18+ | 8.25% | 8.30% | - -2,500 |
| R5,000,000 for 55+ | 8.85% | 8.30% | + 30,000 |
| R5,000,000 for 55+ | 8.30% | 8.30% | - 0 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Absa over and above Capitec.
A negative amount means that Capitec offers more than Absa.
You get a 8.3% interest rate at Absa for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.30%. Over 12 months you will earn R0 less in interest at Absa compared Capitec.
2 year fixed deposit interest rates compared
This table shows Absa's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.
| Investment amount | Absa1 | Capitec1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.00% | 8.10% | - -24 |
| R10,000 for 18+ | 8.00% | 8.10% | - -24 |
| R10,000 for 55+ | 8.05% | 8.10% | - -13 |
| R10,000 for 55+ | 8.05% | 8.10% | - -13 |
| R100,000 for 18+ | 8.00% | 8.20% | - -477 |
| R100,000 for 18+ | 8.00% | 8.20% | - -477 |
| R100,000 for 55+ | 8.05% | 8.20% | - -369 |
| R100,000 for 55+ | 8.05% | 8.20% | - -369 |
| R250,000 for 18+ | 8.00% | 8.25% | - -1,464 |
| R250,000 for 18+ | 8.00% | 8.25% | - -1,464 |
| R250,000 for 55+ | 8.05% | 8.25% | - -1,193 |
| R250,000 for 55+ | 8.05% | 8.25% | - -1,193 |
| R1,000,000 for 18+ | 8.00% | 8.40% | - -9,332 |
| R1,000,000 for 18+ | 8.00% | 8.40% | - -9,332 |
| R1,000,000 for 55+ | 8.05% | 8.40% | - -8,249 |
| R1,000,000 for 55+ | 8.05% | 8.40% | - -8,249 |
| R5,000,000 for 18+ | 8.00% | 8.40% | - -46,661 |
| R5,000,000 for 18+ | 8.00% | 8.40% | - -46,661 |
| R5,000,000 for 55+ | 8.05% | 8.40% | - -41,245 |
| R5,000,000 for 55+ | 8.05% | 8.40% | - -41,245 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Absa over and above Capitec.
A negative amount means that Capitec offers more than Absa.
You get a 8.05% interest rate at Absa for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.40%. Over 2 years you will earn R41,245 less in interest at Absa compared Capitec.
3 year fixed deposit interest rates compared
This table shows Absa's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.
| Investment amount | Absa1 | Capitec1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.10% | 8.20% | - -39 |
| R10,000 for 18+ | 8.05% | 8.20% | - -60 |
| R10,000 for 55+ | 8.15% | 8.20% | - -21 |
| R10,000 for 55+ | 8.10% | 8.20% | - -39 |
| R100,000 for 18+ | 8.10% | 8.25% | - -565 |
| R100,000 for 18+ | 8.05% | 8.25% | - -776 |
| R100,000 for 55+ | 8.15% | 8.25% | - -389 |
| R100,000 for 55+ | 8.10% | 8.25% | - -565 |
| R250,000 for 18+ | 8.10% | 8.30% | - -1,855 |
| R250,000 for 18+ | 8.05% | 8.30% | - -2,383 |
| R250,000 for 55+ | 8.15% | 8.30% | - -1,414 |
| R250,000 for 55+ | 8.10% | 8.30% | - -1,855 |
| R1,000,000 for 18+ | 8.10% | 8.45% | - -13,445 |
| R1,000,000 for 18+ | 8.05% | 8.45% | - -15,559 |
| R1,000,000 for 55+ | 8.15% | 8.45% | - -11,681 |
| R1,000,000 for 55+ | 8.10% | 8.45% | - -13,445 |
| R5,000,000 for 18+ | 8.10% | 8.45% | - -67,226 |
| R5,000,000 for 18+ | 8.05% | 8.45% | - -77,797 |
| R5,000,000 for 55+ | 8.15% | 8.45% | - -58,407 |
| R5,000,000 for 55+ | 8.10% | 8.45% | - -67,226 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Absa over and above Capitec.
A negative amount means that Capitec offers more than Absa.
You get a 8.1% interest rate at Absa for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.45%. Over 3 years you will earn R67,226 less in interest at Absa compared Capitec.
5 year fixed deposit interest rates compared
This table shows Absa's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.
| Investment amount | Absa1 | Capitec1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.65% | 8.60% | + 35 |
| R10,000 for 18+ | 8.60% | 8.60% | - 0 |
| R10,000 for 55+ | 8.70% | 8.60% | + 78 |
| R10,000 for 55+ | 8.65% | 8.60% | + 35 |
| R100,000 for 18+ | 8.65% | 8.65% | - 0 |
| R100,000 for 18+ | 8.60% | 8.65% | - -353 |
| R100,000 for 55+ | 8.70% | 8.65% | + 424 |
| R100,000 for 55+ | 8.65% | 8.65% | - 0 |
| R250,000 for 18+ | 8.65% | 8.75% | - -1,945 |
| R250,000 for 18+ | 8.60% | 8.75% | - -2,826 |
| R250,000 for 55+ | 8.70% | 8.75% | - -885 |
| R250,000 for 55+ | 8.65% | 8.75% | - -1,945 |
| R1,000,000 for 18+ | 8.65% | 8.85% | - -15,590 |
| R1,000,000 for 18+ | 8.60% | 8.85% | - -19,116 |
| R1,000,000 for 55+ | 8.70% | 8.85% | - -11,351 |
| R1,000,000 for 55+ | 8.65% | 8.85% | - -15,590 |
| R5,000,000 for 18+ | 8.65% | 8.85% | - -77,951 |
| R5,000,000 for 18+ | 8.60% | 8.85% | - -95,580 |
| R5,000,000 for 55+ | 8.70% | 8.85% | - -56,754 |
| R5,000,000 for 55+ | 8.65% | 8.85% | - -77,951 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Absa over and above Capitec.
A negative amount means that Capitec offers more than Absa.
You get a 8.65% interest rate at Absa for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.85%. Over 5 years you will earn R77,951 less in interest at Absa compared Capitec.
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