Capitec vs Nedbank

Interest rates compared

Last updated 1st November 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 1st November 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, 34 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 66% 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
Nedbank
9.25%
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 Nedbank, the best interest rate you can get is 9.25% 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+
7.70%
8.10%
-
-21
R10,000 for 55+
7.70%
8.20%
-
-26
R100,000 for 18+
7.75%
8.50%
-
-389
R100,000 for 55+
7.75%
8.40%
-
-336
R250,000 for 18+
7.80%
8.60%
-
-1,044
R250,000 for 55+
7.80%
8.50%
-
-912
R1,000,000 for 18+
8.00%
8.60%
-
-3,118
R1,000,000 for 55+
8.00%
8.60%
-
-3,118
R5,000,000 for 18+
8.00%
8.60%
-
-15,592
R5,000,000 for 55+
8.00%
8.60%
-
-15,592
  • 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% 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 8.60%. Over 6 months you will earn R15,592 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+
8.00%
8.00%
-
0
R10,000 for 55+
8.00%
8.30%
-
-32
R100,000 for 18+
8.10%
8.70%
-
-650
R100,000 for 55+
8.10%
8.50%
-
-430
R250,000 for 18+
8.15%
8.80%
-
-1,750
R250,000 for 55+
8.15%
8.70%
-
-1,500
R1,000,000 for 18+
8.30%
8.80%
-
-5,400
R1,000,000 for 55+
8.30%
8.80%
-
-5,400
R5,000,000 for 18+
8.30%
8.80%
-
-27,000
R5,000,000 for 55+
8.30%
8.80%
-
-27,000
  • 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 8.3% 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 8.80%. Over 12 months you will earn R27,000 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+
8.10%
7.85%
+
58
R10,000 for 55+
8.10%
7.95%
+
35
R100,000 for 18+
8.20%
8.15%
+
130
R100,000 for 55+
8.20%
8.15%
+
130
R250,000 for 18+
8.25%
8.35%
-
-597
R250,000 for 55+
8.25%
8.25%
-
0
R1,000,000 for 18+
8.40%
8.35%
+
1,087
R1,000,000 for 55+
8.40%
8.35%
+
1,087
R5,000,000 for 18+
8.40%
8.35%
+
5,435
R5,000,000 for 55+
8.40%
8.35%
+
5,435
  • 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 8.4% 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 8.35%. Over 2 years you will earn R5,435 more 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+
8.20%
7.90%
+
116
R10,000 for 55+
8.20%
8.00%
+
78
R100,000 for 18+
8.25%
8.20%
+
177
R100,000 for 55+
8.25%
8.20%
+
177
R250,000 for 18+
8.30%
8.40%
-
-974
R250,000 for 55+
8.30%
8.30%
-
0
R1,000,000 for 18+
8.45%
8.40%
+
2,129
R1,000,000 for 55+
8.45%
8.40%
+
2,129
R5,000,000 for 18+
8.45%
8.40%
+
10,646
R5,000,000 for 55+
8.45%
8.40%
+
10,646
  • 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 8.45% 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 8.40%. Over 3 years you will earn R10,646 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+
8.60%
8.35%
+
189
R10,000 for 55+
8.60%
8.95%
-
-270
R100,000 for 18+
8.65%
9.10%
-
-3,490
R100,000 for 55+
8.65%
9.05%
-
-3,059
R250,000 for 18+
8.75%
9.25%
-
-9,662
R250,000 for 55+
8.75%
9.10%
-
-6,779
R1,000,000 for 18+
8.85%
9.25%
-
-30,837
R1,000,000 for 55+
8.85%
9.25%
-
-30,837
R5,000,000 for 18+
8.85%
9.25%
-
-154,183
R5,000,000 for 55+
8.85%
9.25%
-
-154,183
  • 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 8.85% 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 9.25%. Over 5 years you will earn R154,183 less in interest at Capitec compared Nedbank.

How do Capitec interest rates compare to other banks?