African Bank vs Capitec

Interest rates compared

Last updated 1st November 2024 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 November 2024.

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
8.85%
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 R500 . 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 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+
8.42%
7.70%
+
37
R10,000 for 55+
8.42%
7.70%
+
37
R100,000 for 18+
8.42%
7.75%
+
346
R100,000 for 55+
8.42%
7.75%
+
346
R250,000 for 18+
8.42%
7.80%
+
804
R250,000 for 55+
8.42%
7.80%
+
804
R1,000,000 for 18+
8.42%
8.00%
+
2,160
R1,000,000 for 55+
8.42%
8.00%
+
2,160
R5,000,000 for 18+
8.42%
8.00%
+
10,799
R5,000,000 for 55+
8.42%
8.00%
+
10,799
  • 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 8.42% 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 8.00%. Over 6 months you will earn R10,799 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+
8.88%
8.00%
+
95
R10,000 for 55+
8.88%
8.00%
+
95
R100,000 for 18+
8.88%
8.10%
+
840
R100,000 for 55+
8.88%
8.10%
+
840
R250,000 for 18+
8.88%
8.15%
+
1,975
R250,000 for 55+
8.88%
8.15%
+
1,975
R1,000,000 for 18+
8.88%
8.30%
+
6,300
R1,000,000 for 55+
8.88%
8.30%
+
6,300
R5,000,000 for 18+
8.88%
8.30%
+
31,500
R5,000,000 for 55+
8.88%
8.30%
+
31,500
  • 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 8.88% 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 8.30%. Over 12 months you will earn R31,500 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
R10,000 for 18+
9.11%
8.10%
+
238
R10,000 for 55+
9.11%
8.10%
+
238
R100,000 for 18+
9.11%
8.20%
+
2,137
R100,000 for 55+
9.11%
8.20%
+
2,137
R250,000 for 18+
9.11%
8.25%
+
5,070
R250,000 for 55+
9.11%
8.25%
+
5,070
R1,000,000 for 18+
9.11%
8.40%
+
16,804
R1,000,000 for 55+
9.11%
8.40%
+
16,804
R5,000,000 for 18+
9.11%
8.40%
+
84,019
R5,000,000 for 55+
9.11%
8.40%
+
84,019
  • 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 9.11% 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 8.40%. Over 2 years you will earn R84,019 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+
9.21%
8.20%
+
389
R10,000 for 55+
9.21%
8.20%
+
389
R100,000 for 18+
9.21%
8.25%
+
3,713
R100,000 for 55+
9.21%
8.25%
+
3,713
R250,000 for 18+
9.21%
8.30%
+
8,840
R250,000 for 55+
9.21%
8.30%
+
8,840
R1,000,000 for 18+
9.21%
8.45%
+
29,335
R1,000,000 for 55+
9.21%
8.45%
+
29,335
R5,000,000 for 18+
9.21%
8.45%
+
146,674
R5,000,000 for 55+
9.21%
8.45%
+
146,674
  • 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 9.21% 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 8.45%. Over 3 years you will earn R146,674 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+
9.94%
8.60%
+
1,057
R10,000 for 55+
9.94%
8.60%
+
1,057
R100,000 for 18+
9.94%
8.65%
+
10,212
R100,000 for 55+
9.94%
8.65%
+
10,212
R250,000 for 18+
9.94%
8.75%
+
23,586
R250,000 for 55+
9.94%
8.75%
+
23,586
R1,000,000 for 18+
9.94%
8.85%
+
86,534
R1,000,000 for 55+
9.94%
8.85%
+
86,534
R5,000,000 for 18+
9.94%
8.85%
+
432,672
R5,000,000 for 55+
9.94%
8.85%
+
432,672
  • 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 8.85%. Over 5 years you will earn R432,672 more in interest at African Bank compared Capitec.

How do African Bank interest rates compare to other banks?