African Bank vs Capitec

Interest rates compared

Last updated 1st July 2025 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 4th July 2025.

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
8.28%
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 8.28% 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
R100,000 for 18+
7.82%
7.39%
+
221
R100,000 for 55+
7.82%
7.39%
+
221
R250,000 for 18+
7.91%
7.44%
+
602
R250,000 for 55+
7.91%
7.44%
+
602
R1,000,000 for 18+
7.91%
7.53%
+
1,925
R1,000,000 for 55+
7.91%
7.53%
+
1,925
R5,000,000 for 18+
7.91%
7.53%
+
9,623
R5,000,000 for 55+
7.91%
7.53%
+
9,623
  • 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 7.91% interest rate at African Bank 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 7.53%. Over 6 months you will earn R9,623 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
R100,000 for 18+
8.19%
7.49%
+
750
R100,000 for 55+
8.19%
7.49%
+
750
R250,000 for 18+
8.28%
7.53%
+
2,000
R250,000 for 55+
8.28%
7.53%
+
2,000
R1,000,000 for 18+
8.38%
7.63%
+
8,100
R1,000,000 for 55+
8.38%
7.63%
+
8,100
R5,000,000 for 18+
8.38%
7.63%
+
40,500
R5,000,000 for 55+
8.38%
7.63%
+
40,500
  • 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 8.38% interest rate at African Bank 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 7.63%. Over 12 months you will earn R40,500 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
R100,000 for 18+
8.33%
7.58%
+
1,754
R100,000 for 55+
8.33%
7.58%
+
1,754
R250,000 for 18+
8.47%
7.63%
+
4,930
R250,000 for 55+
8.47%
7.63%
+
4,930
R1,000,000 for 18+
8.65%
7.72%
+
21,700
R1,000,000 for 55+
8.65%
7.72%
+
21,700
R5,000,000 for 18+
8.65%
7.72%
+
108,500
R5,000,000 for 55+
8.65%
7.72%
+
108,500
  • 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 8.65% interest rate at African Bank 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 7.72%. Over 2 years you will earn R108,500 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
R100,000 for 18+
8.61%
7.63%
+
3,739
R100,000 for 55+
8.61%
7.63%
+
3,739
R250,000 for 18+
8.75%
7.67%
+
10,248
R250,000 for 55+
8.75%
7.67%
+
10,248
R1,000,000 for 18+
8.75%
7.77%
+
37,491
R1,000,000 for 55+
8.75%
7.77%
+
37,491
R5,000,000 for 18+
8.75%
7.77%
+
187,456
R5,000,000 for 55+
8.75%
7.77%
+
187,456
  • 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 8.75% interest rate at African Bank 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 7.77%. Over 3 years you will earn R187,456 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
R100,000 for 18+
9.34%
8.09%
+
9,555
R100,000 for 55+
9.34%
8.09%
+
9,555
R250,000 for 18+
9.57%
8.19%
+
26,713
R250,000 for 55+
9.57%
8.19%
+
26,713
R1,000,000 for 18+
9.94%
8.28%
+
130,150
R1,000,000 for 55+
9.94%
8.28%
+
130,150
R5,000,000 for 18+
9.94%
8.28%
+
650,749
R5,000,000 for 55+
9.94%
8.28%
+
650,749
  • 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 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 8.28%. Over 5 years you will earn R650,749 more in interest at African Bank compared Capitec.