Capitec interest rates

Savings Calculator

Term (Months)  R10 000 – R24 999R25 000 – R99 999R100 000+
 NominalEffectiveNominalEffectiveNominalEffective
64.08%4.16%4.08%4.16%4.20%4.28%
7 -94.28%4.36%4.28%4.36%4.40%4.49%
10 -124.73%4.83%4.73%4.83%4.80%4.91%
13 – 184.77%4.88%4.77%4.88%4.84%4.95%
19 – 245.77%5.93%5.77%5.93%5.98%6.15%
25 – 366.19%6.37%6.19%6.37%6.21%6.39%
37 – 486.41%6.60%6.41%6.60%6.61%6.81%
49 – 607.51%7.77%7.51%7.77%7.71%7.99%

The nominal interest rate is used to calculate the daily interest earned on your account balance, which accumulates until it is capitalised on an agreed date every month. The interest is then either reinvested or transferred to your savings account.

The effective annual interest rate is calculated by taking into account the fact that interest is earned on capitalised interest over a period 12 months.

How it works

  • You choose how long you want to invest (6 – 60 months)
  • Deposit a single amount up to a maximum of R20 million to invest over the term you choose
  • Minimum deposit amount of R10 000
  • Earn up to 7.71% interest (nominal interest rate)

Benefits

The benefits of our fixed-term savings plans:

  • Reinvest the interest or transfer it to your main savings account
  • Interest rate fixed for the full term
  • Money available on the maturity date
  • After maturity, the account becomes a flexible savings plan, which you can refix
  • No monthly admin fee