Capitec vs Sasfin

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Sasfin than Capitec. Specifically, 0 out of 100 interest rates are better at Capitec than Sasfin. This means you are more likely to find a better interest rate at Sasfin 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
Sasfin
10.00%
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 Sasfin, the best interest rate you can get is 10% for the 60-month fixed deposit. You will need a minimum deposit of R20,000 .

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

6 month fixed deposit interest rates compared

Capitec vs Sasfin

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

Investment amount Capitec1Sasfin1 Winner 2
R100,000 for 18+
7.75%
8.35%
-
-312
R100,000 for 55+
7.75%
8.35%
-
-312
R250,000 for 18+
7.80%
8.35%
-
-720
R250,000 for 55+
7.80%
8.35%
-
-720
R1,000,000 for 18+
8.00%
8.35%
-
-1,824
R1,000,000 for 55+
8.00%
8.35%
-
-1,824
R5,000,000 for 18+
8.00%
8.35%
-
-9,121
R5,000,000 for 55+
8.00%
8.35%
-
-9,121
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 8.35%. Over 6 months you will earn R9,121 less in interest at Capitec compared Sasfin.

1 year fixed deposit interest rates compared

Capitec vs Sasfin

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

Investment amount Capitec1Sasfin1 Winner 2
R100,000 for 18+
8.10%
9.06%
-
-1,040
R100,000 for 55+
8.10%
9.06%
-
-1,040
R250,000 for 18+
8.15%
9.06%
-
-2,475
R250,000 for 55+
8.15%
9.06%
-
-2,475
R1,000,000 for 18+
8.30%
9.06%
-
-8,300
R1,000,000 for 55+
8.30%
9.06%
-
-8,300
R5,000,000 for 18+
8.30%
9.06%
-
-41,500
R5,000,000 for 55+
8.30%
9.06%
-
-41,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 9.06%. Over 12 months you will earn R41,500 less in interest at Capitec compared Sasfin.

3 year fixed deposit interest rates compared

Capitec vs Sasfin

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

Investment amount Capitec1Sasfin1 Winner 2
R100,000 for 18+
8.25%
9.70%
-
-5,633
R100,000 for 55+
8.25%
9.70%
-
-5,633
R250,000 for 18+
8.30%
9.70%
-
-13,639
R250,000 for 55+
8.30%
9.70%
-
-13,639
R1,000,000 for 18+
8.45%
9.70%
-
-48,530
R1,000,000 for 55+
8.45%
9.70%
-
-48,530
R5,000,000 for 18+
8.45%
9.70%
-
-242,650
R5,000,000 for 55+
8.45%
9.70%
-
-242,650
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 9.70%. Over 3 years you will earn R242,650 less in interest at Capitec compared Sasfin.

5 year fixed deposit interest rates compared

Capitec vs Sasfin

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

Investment amount Capitec1Sasfin1 Winner 2
R100,000 for 18+
8.65%
10.00%
-
-10,659
R100,000 for 55+
8.65%
10.00%
-
-10,659
R250,000 for 18+
8.75%
10.00%
-
-24,702
R250,000 for 55+
8.75%
10.00%
-
-24,702
R1,000,000 for 18+
8.85%
10.00%
-
-90,997
R1,000,000 for 55+
8.85%
10.00%
-
-90,997
R5,000,000 for 18+
8.85%
10.00%
-
-454,987
R5,000,000 for 55+
8.85%
10.00%
-
-454,987
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Capitec over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 10.00%. Over 5 years you will earn R454,987 less in interest at Capitec compared Sasfin.

How do Capitec interest rates compare to other banks?