African Bank vs Capitec

Interest rates compared

Last updated 1st March 2026 by Walter

Introduction

This fixed deposit comparison page compares African Bank interest rates to Capitec interest rates. All the interest rates shown are sourced from the African Bank 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 March 2026.

How do African Bank fixed deposit interest rates compare to Capitec ?

You are more likely to find better interest rates at African Bank than Capitec. Specifically, 100 out of 100 interest rates are better at African Bank than Capitec. This means you are more likely to find a better interest rate at Capitec 0% 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)

African Bank
9.94%
best rate
Capitec
7.60%
best rate

The best interest rate you can get at African Bank is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at Capitec, the best interest rate you can get is 7.6% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

But how do interest rates at African Bank compare to Capitec across different terms and investment amounts?

6 month fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank'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 African Bank1Capitec1 Winner 2
R10,000 for 18+
6.93%
6.60%
+
17
R100,000 for 18+
7.02%
6.75%
+
139
R250,000 for 18+
7.02%
6.80%
+
283
R1,000,000 for 18+
7.26%
6.85%
+
2,111
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.26% interest rate at African Bank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 6.85%. Over 6 months you will earn R2,111 more in interest at African Bank compared Capitec.

1 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank'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 African Bank1Capitec1 Winner 2
R10,000 for 18+
7.31%
6.75%
+
60
R100,000 for 18+
7.40%
6.95%
+
480
R250,000 for 18+
7.49%
7.00%
+
1,309
R1,000,000 for 18+
7.59%
7.05%
+
5,774
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.59% interest rate at African Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.05%. Over 12 months you will earn R5,774 more in interest at African Bank compared Capitec.

2 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank'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 African Bank1Capitec1 Winner 2
R10,000 for 18+
7.49%
6.85%
+
147
R100,000 for 18+
7.49%
7.05%
+
1,011
R250,000 for 18+
7.73%
7.10%
+
3,629
R1,000,000 for 18+
7.73%
7.15%
+
13,372
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.73% interest rate at African Bank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.15%. Over 2 years you will earn R13,372 more in interest at African Bank compared Capitec.

3 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank'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 African Bank1Capitec1 Winner 2
R10,000 for 18+
7.87%
6.90%
+
361
R100,000 for 18+
7.87%
7.10%
+
2,872
R250,000 for 18+
7.96%
7.15%
+
7,568
R1,000,000 for 18+
7.96%
7.20%
+
28,422
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.96% interest rate at African Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.20%. Over 3 years you will earn R28,422 more in interest at African Bank compared Capitec.

5 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank'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 African Bank1Capitec1 Winner 2
R10,000 for 18+
8.05%
7.20%
+
618
R100,000 for 18+
8.19%
7.40%
+
5,788
R250,000 for 18+
8.42%
7.45%
+
17,890
R1,000,000 for 18+
9.94%
7.60%
+
179,888
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 9.94% interest rate at African Bank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.60%. Over 5 years you will earn R179,888 more in interest at African Bank compared Capitec.

How do African Bank interest rates compare to other banks?