Capitec vs Absa

Interest rates compared

Last updated 1st November 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 1st November 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, 52 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 48% 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
8.85%
best rate
Absa
8.95%
best rate

The best interest rate you can get at Capitec is 8.85% 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 8.95% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 .

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+
7.70%
8.40%
-
-36
R10,000 for 55+
7.70%
8.45%
-
-39
R100,000 for 18+
7.75%
8.40%
-
-336
R100,000 for 55+
7.75%
8.45%
-
-365
R250,000 for 18+
7.80%
8.40%
-
-780
R250,000 for 55+
7.80%
8.45%
-
-852
R1,000,000 for 18+
8.00%
8.40%
-
-2,064
R1,000,000 for 55+
8.00%
8.45%
-
-2,352
R5,000,000 for 18+
8.00%
8.40%
-
-10,320
R5,000,000 for 55+
8.00%
8.45%
-
-11,758
  • 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% 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 R11,758 less 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+
8.00%
8.95%
-
-103
R10,000 for 55+
8.00%
8.85%
-
-92
R100,000 for 18+
8.10%
8.95%
-
-920
R100,000 for 55+
8.10%
8.85%
-
-810
R250,000 for 18+
8.15%
8.95%
-
-2,175
R250,000 for 55+
8.15%
8.85%
-
-1,900
R1,000,000 for 18+
8.30%
8.95%
-
-7,100
R1,000,000 for 55+
8.30%
8.85%
-
-6,000
R5,000,000 for 18+
8.30%
8.95%
-
-35,500
R5,000,000 for 55+
8.30%
8.85%
-
-30,000
  • 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 8.3% 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 8.85%. Over 12 months you will earn R30,000 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+
8.10%
8.00%
+
24
R10,000 for 55+
8.10%
8.05%
+
13
R100,000 for 18+
8.20%
8.00%
+
477
R100,000 for 55+
8.20%
8.05%
+
369
R250,000 for 18+
8.25%
8.00%
+
1,464
R250,000 for 55+
8.25%
8.05%
+
1,193
R1,000,000 for 18+
8.40%
8.00%
+
9,332
R1,000,000 for 55+
8.40%
8.05%
+
8,249
R5,000,000 for 18+
8.40%
8.00%
+
46,661
R5,000,000 for 55+
8.40%
8.05%
+
41,245
  • 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 8.4% 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 R41,245 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+
8.20%
8.10%
+
39
R10,000 for 55+
8.20%
8.15%
+
21
R100,000 for 18+
8.25%
8.10%
+
565
R100,000 for 55+
8.25%
8.15%
+
389
R250,000 for 18+
8.30%
8.10%
+
1,855
R250,000 for 55+
8.30%
8.15%
+
1,414
R1,000,000 for 18+
8.45%
8.10%
+
13,445
R1,000,000 for 55+
8.45%
8.15%
+
11,681
R5,000,000 for 18+
8.45%
8.10%
+
67,226
R5,000,000 for 55+
8.45%
8.15%
+
58,407
  • 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 8.45% 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 R58,407 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+
8.60%
8.65%
-
-35
R10,000 for 55+
8.60%
8.70%
-
-78
R100,000 for 18+
8.65%
8.65%
-
0
R100,000 for 55+
8.65%
8.70%
-
-424
R250,000 for 18+
8.75%
8.65%
+
1,945
R250,000 for 55+
8.75%
8.70%
+
885
R1,000,000 for 18+
8.85%
8.65%
+
15,590
R1,000,000 for 55+
8.85%
8.70%
+
11,351
R5,000,000 for 18+
8.85%
8.65%
+
77,951
R5,000,000 for 55+
8.85%
8.70%
+
56,754
  • 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 8.85% 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 R56,754 more in interest at Capitec compared Absa.

How do Capitec interest rates compare to other banks?