Capitec
vs
Nedbank
Interest rates compared
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 February 2025.
How do Capitec fixed deposit interest rates compare to Nedbank ?
You are more likely to find better interest rates at Nedbank than Capitec. Specifically, 42 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 58% 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)
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 9.15% 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
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 | Capitec1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.70% | 7.60% | + 5 |
| R10,000 for 55+ | 7.70% | 7.65% | + 3 |
| R100,000 for 18+ | 7.75% | 7.95% | - -106 |
| R100,000 for 55+ | 7.75% | 7.95% | - -106 |
| R250,000 for 18+ | 7.80% | 8.05% | - -324 |
| R250,000 for 55+ | 7.80% | 8.05% | - -324 |
| R1,000,000 for 18+ | 8.00% | 8.05% | - -240 |
| R1,000,000 for 55+ | 8.00% | 8.05% | - -240 |
| R5,000,000 for 18+ | 8.00% | 8.05% | - -1,201 |
| R5,000,000 for 55+ | 8.00% | 8.05% | - -1,201 |
- 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.
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 8.05%. Over 6 months you will earn R1,201 less in interest at Capitec compared Nedbank.
1 year fixed deposit interest rates compared
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 | Capitec1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.00% | 7.75% | + 27 |
| R10,000 for 55+ | 8.00% | 7.80% | + 22 |
| R100,000 for 18+ | 8.10% | 8.20% | - -110 |
| R100,000 for 55+ | 8.10% | 8.20% | - -110 |
| R250,000 for 18+ | 8.15% | 8.30% | - -400 |
| R250,000 for 55+ | 8.15% | 8.30% | - -400 |
| R1,000,000 for 18+ | 8.30% | 8.30% | - 0 |
| R1,000,000 for 55+ | 8.30% | 8.30% | - 0 |
| R5,000,000 for 18+ | 8.30% | 8.30% | - 0 |
| R5,000,000 for 55+ | 8.30% | 8.30% | - 0 |
- 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.
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 8.30%. Over 12 months you will earn R0 less in interest at Capitec compared Nedbank.
2 year fixed deposit interest rates compared
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 | Capitec1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.10% | 7.75% | + 82 |
| R10,000 for 55+ | 8.10% | 7.85% | + 58 |
| R100,000 for 18+ | 8.20% | 8.05% | + 369 |
| R100,000 for 55+ | 8.20% | 8.05% | + 369 |
| R250,000 for 18+ | 8.25% | 8.25% | - 0 |
| R250,000 for 55+ | 8.25% | 8.25% | - 0 |
| R1,000,000 for 18+ | 8.40% | 8.25% | + 3,477 |
| R1,000,000 for 55+ | 8.40% | 8.25% | + 3,477 |
| R5,000,000 for 18+ | 8.40% | 8.25% | + 17,384 |
| R5,000,000 for 55+ | 8.40% | 8.25% | + 17,384 |
- 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.
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 8.25%. Over 2 years you will earn R17,384 more in interest at Capitec compared Nedbank.
3 year fixed deposit interest rates compared
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 | Capitec1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.20% | 7.80% | + 155 |
| R10,000 for 55+ | 8.20% | 7.90% | + 116 |
| R100,000 for 18+ | 8.25% | 8.10% | + 565 |
| R100,000 for 55+ | 8.25% | 8.10% | + 565 |
| R250,000 for 18+ | 8.30% | 8.30% | - 0 |
| R250,000 for 55+ | 8.30% | 8.30% | - 0 |
| R1,000,000 for 18+ | 8.45% | 8.30% | + 6,027 |
| R1,000,000 for 55+ | 8.45% | 8.30% | + 6,027 |
| R5,000,000 for 18+ | 8.45% | 8.30% | + 30,133 |
| R5,000,000 for 55+ | 8.45% | 8.30% | + 30,133 |
- 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.
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 8.30%. Over 3 years you will earn R30,133 more in interest at Capitec compared Nedbank.
5 year fixed deposit interest rates compared
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 | Capitec1 | Nedbank1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.60% | 8.15% | + 342 |
| R10,000 for 55+ | 8.60% | 8.85% | - -191 |
| R100,000 for 18+ | 8.65% | 9.00% | - -2,701 |
| R100,000 for 55+ | 8.65% | 9.00% | - -2,701 |
| R250,000 for 18+ | 8.75% | 9.15% | - -7,678 |
| R250,000 for 55+ | 8.75% | 9.15% | - -7,678 |
| R1,000,000 for 18+ | 8.85% | 9.15% | - -22,902 |
| R1,000,000 for 55+ | 8.85% | 9.15% | - -22,902 |
| R5,000,000 for 18+ | 8.85% | 9.15% | - -114,510 |
| R5,000,000 for 55+ | 8.85% | 9.15% | - -114,510 |
- 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.
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 9.15%. Over 5 years you will earn R114,510 less in interest at Capitec compared Nedbank.
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