FNB vs Capitec

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Capitec than FNB. Specifically, 48 out of 100 interest rates are better at FNB than Capitec. This means you are more likely to find a better interest rate at Capitec 52% 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)

FNB
9.65%
best rate
Capitec
9.50%
best rate

The best interest rate you can get at FNB is 9.65% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55. Whilst at Capitec, the best interest rate you can get is 9.5% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

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

6 month fixed deposit interest rates compared

FNB vs Capitec

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

Investment amount FNB1Capitec1 Winner 2
R10,000 for 18+
7.70%
8.15%
-
-23
R10,000 for 55+
8.40%
8.15%
+
13
R100,000 for 18+
7.70%
8.35%
-
-336
R100,000 for 55+
8.40%
8.35%
+
24
R250,000 for 18+
7.75%
8.45%
-
-912
R250,000 for 55+
8.45%
8.45%
-
0
R1,000,000 for 18+
7.85%
8.50%
-
-3,360
R1,000,000 for 55+
8.60%
8.50%
+
527
R5,000,000 for 18+
7.85%
8.50%
-
-16,801
R5,000,000 for 55+
8.60%
8.50%
+
2,635
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Capitec.
    A negative amount means that Capitec offers more than FNB.
How to read this table?

You get a 8.6% interest rate at FNB for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.50%. Over 6 months you will earn R2,635 more in interest at FNB compared Capitec.

1 year fixed deposit interest rates compared

FNB vs Capitec

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

Investment amount FNB1Capitec1 Winner 2
R10,000 for 18+
8.10%
8.50%
-
-43
R10,000 for 55+
8.95%
8.50%
+
49
R100,000 for 18+
8.10%
8.60%
-
-540
R100,000 for 55+
8.95%
8.60%
+
380
R250,000 for 18+
8.15%
8.65%
-
-1,350
R250,000 for 55+
9.00%
8.65%
+
950
R1,000,000 for 18+
8.25%
8.70%
-
-4,900
R1,000,000 for 55+
9.10%
8.70%
+
4,300
R5,000,000 for 18+
8.25%
8.70%
-
-24,500
R5,000,000 for 55+
9.10%
8.70%
+
21,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Capitec.
    A negative amount means that Capitec offers more than FNB.
How to read this table?

You get a 9.1% interest rate at FNB for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.70%. Over 12 months you will earn R21,500 more in interest at FNB compared Capitec.

2 year fixed deposit interest rates compared

FNB vs Capitec

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

Investment amount FNB1Capitec1 Winner 2
R10,000 for 18+
8.15%
8.70%
-
-131
R10,000 for 55+
9.00%
8.70%
+
70
R100,000 for 18+
8.15%
8.75%
-
-1,414
R100,000 for 55+
9.00%
8.75%
+
590
R250,000 for 18+
8.20%
8.85%
-
-3,810
R250,000 for 55+
9.05%
8.85%
+
1,148
R1,000,000 for 18+
8.30%
8.90%
-
-14,163
R1,000,000 for 55+
9.20%
8.90%
+
7,223
R5,000,000 for 18+
8.30%
8.90%
-
-70,814
R5,000,000 for 55+
9.20%
8.90%
+
36,114
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Capitec.
    A negative amount means that Capitec offers more than FNB.
How to read this table?

You get a 9.2% interest rate at FNB for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 8.90%. Over 2 years you will earn R36,114 more in interest at FNB compared Capitec.

3 year fixed deposit interest rates compared

FNB vs Capitec

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

Investment amount FNB1Capitec1 Winner 2
R10,000 for 18+
8.25%
8.80%
-
-210
R10,000 for 55+
9.05%
8.80%
+
97
R100,000 for 18+
8.25%
8.85%
-
-2,312
R100,000 for 55+
9.05%
8.85%
+
753
R250,000 for 18+
8.30%
8.95%
-
-6,324
R250,000 for 55+
9.10%
8.95%
+
1,436
R1,000,000 for 18+
8.40%
9.05%
-
-24,987
R1,000,000 for 55+
9.25%
9.05%
+
7,919
R5,000,000 for 18+
8.40%
9.05%
-
-124,934
R5,000,000 for 55+
9.25%
9.05%
+
39,597
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Capitec.
    A negative amount means that Capitec offers more than FNB.
How to read this table?

You get a 9.25% interest rate at FNB for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 9.05%. Over 3 years you will earn R39,597 more in interest at FNB compared Capitec.

5 year fixed deposit interest rates compared

FNB vs Capitec

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

Investment amount FNB1Capitec1 Winner 2
R10,000 for 18+
8.70%
9.20%
-
-386
R10,000 for 55+
9.45%
9.20%
+
196
R100,000 for 18+
8.70%
9.25%
-
-4,219
R100,000 for 55+
9.45%
9.25%
+
1,597
R250,000 for 18+
8.75%
9.45%
-
-13,653
R250,000 for 55+
9.50%
9.45%
+
912
R1,000,000 for 18+
8.85%
9.50%
-
-50,448
R1,000,000 for 55+
9.65%
9.50%
+
12,447
R5,000,000 for 18+
8.85%
9.50%
-
-252,240
R5,000,000 for 55+
9.65%
9.50%
+
62,236
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Capitec.
    A negative amount means that Capitec offers more than FNB.
How to read this table?

You get a 9.65% interest rate at FNB for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Capitec's interest rate for the same terms is 9.50%. Over 5 years you will earn R62,236 more in interest at FNB compared Capitec.

How do FNB interest rates compare to other banks?