Capitec vs Bidvest

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Capitec interest rates to Bidvest interest rates. All the interest rates shown are sourced from the Capitec and Bidvest 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 Bidvest ?

You are more likely to find better interest rates at Bidvest than Capitec. Specifically, 0 out of 100 interest rates are better at Capitec than Bidvest. This means you are more likely to find a better interest rate at Bidvest 100% 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
Bidvest
9.16%
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 Bidvest, the best interest rate you can get is 9.16% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

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

6 month fixed deposit interest rates compared

Capitec vs Bidvest

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

Investment amount Capitec1Bidvest1 Winner 2
R10,000 for 18+
8.15%
8.90%
-
-39
R10,000 for 55+
8.15%
8.90%
-
-39
R100,000 for 18+
8.35%
8.90%
-
-283
R100,000 for 55+
8.35%
8.90%
-
-283
R250,000 for 18+
8.45%
8.90%
-
-575
R250,000 for 55+
8.45%
8.90%
-
-575
R1,000,000 for 18+
8.50%
8.90%
-
-2,059
R1,000,000 for 55+
8.50%
8.90%
-
-2,059
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Bidvest.
    A negative amount means that Bidvest offers more than Capitec.
How to read this table?

You get a 8.5% interest rate at Capitec for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 8.90%. Over 6 months you will earn R2,059 less in interest at Capitec compared Bidvest.

1 year fixed deposit interest rates compared

Capitec vs Bidvest

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

Investment amount Capitec1Bidvest1 Winner 2
R10,000 for 18+
8.50%
9.11%
-
-66
R10,000 for 55+
8.50%
9.16%
-
-71
R100,000 for 18+
8.60%
9.11%
-
-550
R100,000 for 55+
8.60%
9.16%
-
-600
R250,000 for 18+
8.65%
9.11%
-
-1,250
R250,000 for 55+
8.65%
9.16%
-
-1,375
R1,000,000 for 18+
8.70%
9.11%
-
-4,400
R1,000,000 for 55+
8.70%
9.16%
-
-4,900
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Bidvest.
    A negative amount means that Bidvest offers more than Capitec.
How to read this table?

You get a 8.7% interest rate at Capitec for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 9.16%. Over 12 months you will earn R4,900 less in interest at Capitec compared Bidvest.

How do Capitec interest rates compare to other banks?