Capitec vs Absa

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Capitec interest rates to Absa interest rates. All the interest rates shown are sourced from the Capitec and Absa websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd September 2024.

How do Capitec fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Capitec than Absa. Specifically, 70 out of 100 interest rates are better at Capitec than Absa. This means you are more likely to find a better interest rate at Absa 30% 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)

Capitec
9.50%
best rate
Absa
9.20%
best rate

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 . Whilst at Absa, the best interest rate you can get is 9.2% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55.

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

6 month fixed deposit interest rates compared

Capitec vs Absa

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

Investment amount Capitec1Absa1 Winner 2
R10,000 for 18+
8.15%
8.40%
-
-13
R10,000 for 55+
8.15%
8.45%
-
-16
R100,000 for 18+
8.35%
8.40%
-
-24
R100,000 for 55+
8.35%
8.45%
-
-53
R250,000 for 18+
8.45%
8.40%
+
72
R250,000 for 55+
8.45%
8.45%
-
0
R1,000,000 for 18+
8.50%
8.40%
+
527
R1,000,000 for 55+
8.50%
8.45%
+
240
R5,000,000 for 18+
8.50%
8.40%
+
2,637
R5,000,000 for 55+
8.50%
8.45%
+
1,198
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Absa.
    A negative amount means that Absa offers more than Capitec.
How to read this table?

You get a 8.5% interest rate at Capitec for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.45%. Over 6 months you will earn R1,198 more in interest at Capitec compared Absa.

1 year fixed deposit interest rates compared

Capitec vs Absa

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

Investment amount Capitec1Absa1 Winner 2
R10,000 for 18+
8.50%
8.95%
-
-49
R10,000 for 55+
8.50%
9.20%
-
-76
R100,000 for 18+
8.60%
8.95%
-
-380
R100,000 for 55+
8.60%
9.20%
-
-650
R250,000 for 18+
8.65%
8.95%
-
-825
R250,000 for 55+
8.65%
9.20%
-
-1,500
R1,000,000 for 18+
8.70%
8.95%
-
-2,700
R1,000,000 for 55+
8.70%
9.20%
-
-5,400
R5,000,000 for 18+
8.70%
8.95%
-
-13,500
R5,000,000 for 55+
8.70%
9.20%
-
-27,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Absa.
    A negative amount means that Absa offers more than Capitec.
How to read this table?

You get a 8.7% interest rate at Capitec for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 9.20%. Over 12 months you will earn R27,000 less in interest at Capitec compared Absa.

2 year fixed deposit interest rates compared

Capitec vs Absa

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

Investment amount Capitec1Absa1 Winner 2
R10,000 for 18+
8.70%
8.00%
+
165
R10,000 for 55+
8.70%
8.05%
+
154
R100,000 for 18+
8.75%
8.00%
+
1,761
R100,000 for 55+
8.75%
8.05%
+
1,653
R250,000 for 18+
8.85%
8.00%
+
5,003
R250,000 for 55+
8.85%
8.05%
+
4,732
R1,000,000 for 18+
8.90%
8.00%
+
21,104
R1,000,000 for 55+
8.90%
8.05%
+
20,021
R5,000,000 for 18+
8.90%
8.00%
+
105,521
R5,000,000 for 55+
8.90%
8.05%
+
100,105
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Absa.
    A negative amount means that Absa offers more than Capitec.
How to read this table?

You get a 8.9% interest rate at Capitec for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.05%. Over 2 years you will earn R100,105 more in interest at Capitec compared Absa.

3 year fixed deposit interest rates compared

Capitec vs Absa

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

Investment amount Capitec1Absa1 Winner 2
R10,000 for 18+
8.80%
8.10%
+
266
R10,000 for 55+
8.80%
8.15%
+
249
R100,000 for 18+
8.85%
8.10%
+
2,877
R100,000 for 55+
8.85%
8.15%
+
2,701
R250,000 for 18+
8.95%
8.10%
+
8,178
R250,000 for 55+
8.95%
8.15%
+
7,737
R1,000,000 for 18+
9.05%
8.10%
+
36,303
R1,000,000 for 55+
9.05%
8.15%
+
34,539
R5,000,000 for 18+
9.05%
8.10%
+
181,514
R5,000,000 for 55+
9.05%
8.15%
+
172,695
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Absa.
    A negative amount means that Absa offers more than Capitec.
How to read this table?

You get a 9.05% interest rate at Capitec for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.15%. Over 3 years you will earn R172,695 more in interest at Capitec compared Absa.

5 year fixed deposit interest rates compared

Capitec vs Absa

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

Investment amount Capitec1Absa1 Winner 2
R10,000 for 18+
9.20%
8.65%
+
428
R10,000 for 55+
9.20%
8.70%
+
386
R100,000 for 18+
9.25%
8.65%
+
4,643
R100,000 for 55+
9.25%
8.70%
+
4,219
R250,000 for 18+
9.45%
8.65%
+
15,598
R250,000 for 55+
9.45%
8.70%
+
14,538
R1,000,000 for 18+
9.50%
8.65%
+
66,038
R1,000,000 for 55+
9.50%
8.70%
+
61,799
R5,000,000 for 18+
9.50%
8.65%
+
330,191
R5,000,000 for 55+
9.50%
8.70%
+
308,994
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Absa.
    A negative amount means that Absa offers more than Capitec.
How to read this table?

You get a 9.5% interest rate at Capitec for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.70%. Over 5 years you will earn R308,994 more in interest at Capitec compared Absa.

How do Capitec interest rates compare to other banks?