Capitec vs Fedgroup

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Fedgroup than Capitec. Specifically, 0 out of 100 interest rates are better at Capitec than Fedgroup. This means you are more likely to find a better interest rate at Fedgroup 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
8.85%
best rate
Fedgroup
9.30%
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 Fedgroup, the best interest rate you can get is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 .

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

5 year fixed deposit interest rates compared

Capitec vs Fedgroup

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

Investment amount Capitec1Fedgroup1 Winner 2
R10,000 for 18+
8.60%
9.30%
-
-543
R10,000 for 55+
8.60%
9.30%
-
-543
R100,000 for 18+
8.65%
9.30%
-
-5,077
R100,000 for 55+
8.65%
9.30%
-
-5,077
R250,000 for 18+
8.75%
9.30%
-
-10,747
R250,000 for 55+
8.75%
9.30%
-
-10,747
R1,000,000 for 18+
8.85%
9.30%
-
-35,178
R1,000,000 for 55+
8.85%
9.30%
-
-35,178
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Fedgroup.
    A negative amount means that Fedgroup offers more than Capitec.
How to read this table?

You get a 8.85% interest rate at Capitec for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Fedgroup's interest rate for the same terms is 9.30%. Over 5 years you will earn R35,178 less in interest at Capitec compared Fedgroup.

How do Capitec interest rates compare to other banks?