Capitec vs Nedbank

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Nedbank than Capitec. Specifically, 24 out of 100 interest rates are better at Capitec than Nedbank. This means you are more likely to find a better interest rate at Nedbank 76% 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
Nedbank
9.81%
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 Nedbank, the best interest rate you can get is 9.81% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 .

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

6 month fixed deposit interest rates compared

Capitec vs Nedbank

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

Investment amount Capitec1Nedbank1 Winner 2
R10,000 for 18+
8.15%
8.15%
-
0
R10,000 for 55+
8.15%
8.25%
-
-5
R100,000 for 18+
8.35%
8.55%
-
-101
R100,000 for 55+
8.35%
8.45%
-
-53
R250,000 for 18+
8.45%
8.65%
-
-252
R250,000 for 55+
8.45%
8.55%
-
-120
R1,000,000 for 18+
8.50%
8.65%
-
-767
R1,000,000 for 55+
8.50%
8.65%
-
-767
R5,000,000 for 18+
8.50%
8.65%
-
-3,833
R5,000,000 for 55+
8.50%
8.65%
-
-3,833
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Nedbank.
    A negative amount means that Nedbank offers more than Capitec.
How to read this table?

You get a 8.5% interest rate at Capitec for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.65%. Over 6 months you will earn R3,833 less in interest at Capitec compared Nedbank.

1 year fixed deposit interest rates compared

Capitec vs Nedbank

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

Investment amount Capitec1Nedbank1 Winner 2
R10,000 for 18+
8.50%
8.65%
-
-16
R10,000 for 55+
8.50%
8.65%
-
-16
R100,000 for 18+
8.60%
9.05%
-
-480
R100,000 for 55+
8.60%
8.85%
-
-270
R250,000 for 18+
8.65%
9.10%
-
-1,225
R250,000 for 55+
8.65%
9.05%
-
-1,075
R1,000,000 for 18+
8.70%
9.10%
-
-4,300
R1,000,000 for 55+
8.70%
9.10%
-
-4,300
R5,000,000 for 18+
8.70%
9.10%
-
-21,500
R5,000,000 for 55+
8.70%
9.10%
-
-21,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Nedbank.
    A negative amount means that Nedbank offers more than Capitec.
How to read this table?

You get a 8.7% interest rate at Capitec for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 9.10%. Over 12 months you will earn R21,500 less in interest at Capitec compared Nedbank.

2 year fixed deposit interest rates compared

Capitec vs Nedbank

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

Investment amount Capitec1Nedbank1 Winner 2
R10,000 for 18+
8.70%
8.40%
+
72
R10,000 for 55+
8.70%
8.55%
+
37
R100,000 for 18+
8.75%
8.75%
-
0
R100,000 for 55+
8.75%
8.75%
-
0
R250,000 for 18+
8.85%
8.95%
-
-601
R250,000 for 55+
8.85%
8.85%
-
0
R1,000,000 for 18+
8.90%
8.95%
-
-1,312
R1,000,000 for 55+
8.90%
8.95%
-
-1,312
R5,000,000 for 18+
8.90%
8.95%
-
-6,558
R5,000,000 for 55+
8.90%
8.95%
-
-6,558
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Nedbank.
    A negative amount means that Nedbank offers more than Capitec.
How to read this table?

You get a 8.9% interest rate at Capitec for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 8.95%. Over 2 years you will earn R6,558 less in interest at Capitec compared Nedbank.

3 year fixed deposit interest rates compared

Capitec vs Nedbank

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

Investment amount Capitec1Nedbank1 Winner 2
R10,000 for 18+
8.80%
8.45%
+
132
R10,000 for 55+
8.80%
8.60%
+
75
R100,000 for 18+
8.85%
8.80%
+
215
R100,000 for 55+
8.85%
8.80%
+
215
R250,000 for 18+
8.95%
9.00%
-
-448
R250,000 for 55+
8.95%
8.90%
+
538
R1,000,000 for 18+
9.05%
9.00%
+
1,795
R1,000,000 for 55+
9.05%
9.00%
+
1,795
R5,000,000 for 18+
9.05%
9.00%
+
8,977
R5,000,000 for 55+
9.05%
9.00%
+
8,977
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Nedbank.
    A negative amount means that Nedbank offers more than Capitec.
How to read this table?

You get a 9.05% interest rate at Capitec for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 9.00%. Over 3 years you will earn R8,977 more in interest at Capitec compared Nedbank.

5 year fixed deposit interest rates compared

Capitec vs Nedbank

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

Investment amount Capitec1Nedbank1 Winner 2
R10,000 for 18+
9.20%
9.15%
+
43
R10,000 for 55+
9.20%
9.35%
-
-116
R100,000 for 18+
9.25%
9.55%
-
-2,400
R100,000 for 55+
9.25%
9.45%
-
-1,597
R250,000 for 18+
9.45%
9.81%
-
-7,154
R250,000 for 55+
9.45%
9.55%
-
-2,008
R1,000,000 for 18+
9.50%
9.81%
-
-24,971
R1,000,000 for 55+
9.50%
9.81%
-
-24,971
R5,000,000 for 18+
9.50%
9.81%
-
-124,857
R5,000,000 for 55+
9.50%
9.81%
-
-124,857
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Nedbank.
    A negative amount means that Nedbank offers more than Capitec.
How to read this table?

You get a 9.5% interest rate at Capitec for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Nedbank's interest rate for the same terms is 9.81%. Over 5 years you will earn R124,857 less in interest at Capitec compared Nedbank.

How do Capitec interest rates compare to other banks?