Capitec vs African Bank

Interest rates compared

Last updated 2nd March 2025 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 March 2025.

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, 8 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 92% 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
African Bank
9.94%
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 African Bank, the best interest rate you can get is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

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+
7.70%
7.96%
-
-13
R10,000 for 55+
7.70%
7.96%
-
-13
R100,000 for 18+
7.75%
7.96%
-
-111
R100,000 for 55+
7.75%
7.96%
-
-111
R250,000 for 18+
7.80%
7.96%
-
-216
R250,000 for 55+
7.80%
7.96%
-
-216
R1,000,000 for 18+
8.00%
7.96%
+
192
R1,000,000 for 55+
8.00%
7.96%
+
192
R5,000,000 for 18+
8.00%
7.96%
+
961
R5,000,000 for 55+
8.00%
7.96%
+
961
  • 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% interest rate at Capitec for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.96%. Over 6 months you will earn R961 more 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+
8.00%
8.42%
-
-45
R10,000 for 55+
8.00%
8.42%
-
-45
R100,000 for 18+
8.10%
8.42%
-
-340
R100,000 for 55+
8.10%
8.42%
-
-340
R250,000 for 18+
8.15%
8.42%
-
-725
R250,000 for 55+
8.15%
8.42%
-
-725
R1,000,000 for 18+
8.30%
8.42%
-
-1,300
R1,000,000 for 55+
8.30%
8.42%
-
-1,300
R5,000,000 for 18+
8.30%
8.42%
-
-6,500
R5,000,000 for 55+
8.30%
8.42%
-
-6,500
  • 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 8.3% interest rate at Capitec for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.42%. Over 12 months you will earn R6,500 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+
8.10%
8.65%
-
-128
R10,000 for 55+
8.10%
8.65%
-
-128
R100,000 for 18+
8.20%
8.65%
-
-1,044
R100,000 for 55+
8.20%
8.65%
-
-1,044
R250,000 for 18+
8.25%
8.65%
-
-2,339
R250,000 for 55+
8.25%
8.65%
-
-2,339
R1,000,000 for 18+
8.40%
8.65%
-
-5,879
R1,000,000 for 55+
8.40%
8.65%
-
-5,879
R5,000,000 for 18+
8.40%
8.65%
-
-29,394
R5,000,000 for 55+
8.40%
8.65%
-
-29,394
  • 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 R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.65%. Over 2 years you will earn R29,394 less 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+
8.20%
8.75%
-
-210
R10,000 for 55+
8.20%
8.75%
-
-210
R100,000 for 18+
8.25%
8.75%
-
-1,919
R100,000 for 55+
8.25%
8.75%
-
-1,919
R250,000 for 18+
8.30%
8.75%
-
-4,355
R250,000 for 55+
8.30%
8.75%
-
-4,355
R1,000,000 for 18+
8.45%
8.75%
-
-11,395
R1,000,000 for 55+
8.45%
8.75%
-
-11,395
R5,000,000 for 18+
8.45%
8.75%
-
-56,977
R5,000,000 for 55+
8.45%
8.75%
-
-56,977
  • 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 8.45% interest rate at Capitec for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.75%. Over 3 years you will earn R56,977 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+
8.60%
9.94%
-
-1,057
R10,000 for 55+
8.60%
9.94%
-
-1,057
R100,000 for 18+
8.65%
9.94%
-
-10,212
R100,000 for 55+
8.65%
9.94%
-
-10,212
R250,000 for 18+
8.75%
9.94%
-
-23,586
R250,000 for 55+
8.75%
9.94%
-
-23,586
R1,000,000 for 18+
8.85%
9.94%
-
-86,534
R1,000,000 for 55+
8.85%
9.94%
-
-86,534
R5,000,000 for 18+
8.85%
9.94%
-
-432,672
R5,000,000 for 55+
8.85%
9.94%
-
-432,672
  • 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 8.85% interest rate at Capitec for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 9.94%. Over 5 years you will earn R432,672 less in interest at Capitec compared African Bank.