Capitec vs Absa

Interest rates compared

Last updated 2nd March 2025 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 March 2025.

How do Capitec fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Capitec than Absa. Specifically, 82 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 18% 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
8.50%
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 8.5% for the 60-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+
7.70%
7.85%
-
-8
R10,000 for 55+
7.70%
7.90%
-
-10
R100,000 for 18+
7.75%
7.85%
-
-53
R100,000 for 55+
7.75%
7.90%
-
-77
R250,000 for 18+
7.80%
7.85%
-
-72
R250,000 for 55+
7.80%
7.90%
-
-132
R1,000,000 for 18+
8.00%
7.85%
+
769
R1,000,000 for 55+
8.00%
7.90%
+
529
R5,000,000 for 18+
8.00%
7.85%
+
3,845
R5,000,000 for 55+
8.00%
7.90%
+
2,643
  • 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 7.90%. Over 6 months you will earn R2,643 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+
8.00%
7.90%
+
11
R10,000 for 55+
8.00%
7.95%
+
5
R100,000 for 18+
8.10%
7.90%
+
220
R100,000 for 55+
8.10%
7.95%
+
160
R250,000 for 18+
8.15%
7.90%
+
675
R250,000 for 55+
8.15%
7.95%
+
525
R1,000,000 for 18+
8.30%
7.90%
+
4,300
R1,000,000 for 55+
8.30%
7.95%
+
3,700
R5,000,000 for 18+
8.30%
7.90%
+
21,500
R5,000,000 for 55+
8.30%
7.95%
+
18,500
  • 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 7.95%. Over 12 months you will earn R18,500 more 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%
7.85%
+
58
R10,000 for 55+
8.10%
7.90%
+
48
R100,000 for 18+
8.20%
7.85%
+
823
R100,000 for 55+
8.20%
7.90%
+
715
R250,000 for 18+
8.25%
7.85%
+
2,330
R250,000 for 55+
8.25%
7.90%
+
2,059
R1,000,000 for 18+
8.40%
7.85%
+
12,795
R1,000,000 for 55+
8.40%
7.90%
+
11,714
R5,000,000 for 18+
8.40%
7.85%
+
63,977
R5,000,000 for 55+
8.40%
7.90%
+
58,568
  • 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 7.90%. Over 2 years you will earn R58,568 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%
8.30%
-
-35
R100,000 for 18+
8.25%
8.10%
+
565
R100,000 for 55+
8.25%
8.30%
-
-177
R250,000 for 18+
8.30%
8.10%
+
1,855
R250,000 for 55+
8.30%
8.30%
-
0
R1,000,000 for 18+
8.45%
8.10%
+
13,445
R1,000,000 for 55+
8.45%
8.30%
+
6,027
R5,000,000 for 18+
8.45%
8.10%
+
67,226
R5,000,000 for 55+
8.45%
8.30%
+
30,133
  • 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 8.30%. Over 3 years you will earn R30,133 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%
8.45%
+
112
R10,000 for 55+
8.60%
8.50%
+
77
R100,000 for 18+
8.65%
8.45%
+
1,476
R100,000 for 55+
8.65%
8.50%
+
1,126
R250,000 for 18+
8.75%
8.45%
+
5,636
R250,000 for 55+
8.75%
8.50%
+
4,760
R1,000,000 for 18+
8.85%
8.45%
+
30,355
R1,000,000 for 55+
8.85%
8.50%
+
26,850
R5,000,000 for 18+
8.85%
8.45%
+
151,774
R5,000,000 for 55+
8.85%
8.50%
+
134,249
  • 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 8.50%. Over 5 years you will earn R134,249 more in interest at Capitec compared Absa.