Capitec vs African Bank

Interest rates compared

Last updated 2nd October 2026 by Walter

Introduction

This fixed deposit comparison page compares Capitec interest rates to African Bank interest rates. All the interest rates shown are sourced from the Capitec and African Bank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd October 2026.

How do Capitec fixed deposit interest rates compare to African Bank ?

You are more likely to find better interest rates at African Bank than Capitec. Specifically, 30 out of 100 interest rates are better at Capitec than African Bank. This means you are more likely to find a better interest rate at African Bank 70% 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
8.40%
best rate
African Bank
8.47%
best rate

The best interest rate you can get at Capitec is 8.4% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at African Bank, the best interest rate you can get is 8.47% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

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

6 month fixed deposit interest rates compared

Capitec vs African Bank

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

Investment amount Capitec1African Bank1 Winner 2
R10,000 for 18+
6.70%
6.93%
-
-12
R100,000 for 18+
6.80%
7.02%
-
-113
R250,000 for 18+
6.90%
7.02%
-
-154
R1,000,000 for 18+
7.15%
7.17%
-
-103
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above African Bank.
    A negative amount means that African Bank offers more than Capitec.
How to read this table?

You get a 7.15% interest rate at Capitec for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). African Bank's interest rate for the same terms is 7.17%. Over 6 months you will earn R103 less in interest at Capitec compared African Bank.

1 year fixed deposit interest rates compared

Capitec vs African Bank

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

Investment amount Capitec1African Bank1 Winner 2
R10,000 for 18+
6.85%
7.26%
-
-44
R100,000 for 18+
7.15%
7.35%
-
-214
R250,000 for 18+
7.25%
7.40%
-
-401
R1,000,000 for 18+
7.45%
7.49%
-
-428
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above African Bank.
    A negative amount means that African Bank offers more than Capitec.
How to read this table?

You get a 7.45% interest rate at Capitec for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). African Bank's interest rate for the same terms is 7.49%. Over 12 months you will earn R428 less in interest at Capitec compared African Bank.

2 year fixed deposit interest rates compared

Capitec vs African Bank

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

Investment amount Capitec1African Bank1 Winner 2
R10,000 for 18+
6.95%
6.93%
+
5
R100,000 for 18+
7.50%
7.12%
+
874
R250,000 for 18+
7.55%
7.26%
+
1,670
R1,000,000 for 18+
7.65%
7.40%
+
5,773
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above African Bank.
    A negative amount means that African Bank offers more than Capitec.
How to read this table?

You get a 7.65% interest rate at Capitec for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). African Bank's interest rate for the same terms is 7.40%. Over 2 years you will earn R5,773 more in interest at Capitec compared African Bank.

3 year fixed deposit interest rates compared

Capitec vs African Bank

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

Investment amount Capitec1African Bank1 Winner 2
R10,000 for 18+
7.00%
7.02%
-
-7
R100,000 for 18+
7.60%
7.26%
+
1,266
R250,000 for 18+
7.65%
7.49%
+
1,495
R1,000,000 for 18+
7.70%
7.73%
-
-1,126
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above African Bank.
    A negative amount means that African Bank offers more than Capitec.
How to read this table?

You get a 7.7% interest rate at Capitec for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). African Bank's interest rate for the same terms is 7.73%. Over 3 years you will earn R1,126 less in interest at Capitec compared African Bank.

5 year fixed deposit interest rates compared

Capitec vs African Bank

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

Investment amount Capitec1African Bank1 Winner 2
R10,000 for 18+
7.50%
8.05%
-
-403
R100,000 for 18+
8.00%
8.43%
-
-3,216
R250,000 for 18+
8.35%
8.45%
-
-1,886
R1,000,000 for 18+
8.40%
8.47%
-
-5,291
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above African Bank.
    A negative amount means that African Bank offers more than Capitec.
How to read this table?

You get a 8.4% interest rate at Capitec for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). African Bank's interest rate for the same terms is 8.47%. Over 5 years you will earn R5,291 less in interest at Capitec compared African Bank.

How do Capitec interest rates compare to other banks?