Capitec fixed deposit South Africa: from R10,000, interest rate up to 10.25% per year, terms 3 to 60 months. Protected by the Deposit Insurance Scheme. Review on CreditDeals.
Capitec Bank's Fixed-Term Savings Plan allows South Africans to save from R1,000 for a fixed period (30 days to 60 months) and earn a guaranteed interest rate. Depositor funds are protected under the South African Banks Act depositor protection framework. Capitec is one of South Africa's fastest-growing banks, regulated by the FSCA and SARB, and offers competitive fixed-deposit rates to retail customers.
Your rate is locked in when you open the savings plan — no changes for the full fixed period, regardless of SARB prime rate movements.
Choose how long to save based on your financial goals. Longer terms earn higher rates.
Capitec's low minimum makes fixed-deposit savings accessible to all South Africans, not just high-net-worth individuals.
Depositor funds at Capitec are protected under the South African Banks Act depositor protection framework, providing security for your savings.
| Parameter | Value |
|---|---|
| Minimum deposit | R1,000 |
| Maximum deposit | R5,000,000 (per plan) |
| Terms available | 30 days, 60 days, 3 months, 6 months, 12 months, 24 months, 36 months, 48 months, 60 months |
| Interest rate (12-month indicative) | ~9.50%–10.25% p.a. |
| Interest rate (30-day indicative) | ~8.00%–8.50% p.a. |
| Payout options | Monthly, quarterly, annually or at maturity |
| Early withdrawal | Subject to early withdrawal penalty (interest reduction) |
| Currency | South African Rand (ZAR / R) |
| Regulator | FSCA, SARB |
| Deposit protection | South African Banks Act — depositor protection framework |
Ready to receive funds in your account today? The process is simple:
Log in to your Capitec banking app or visit any Capitec branch nationwide
Navigate to savings products and choose the Fixed-Term Savings Plan
Enter your deposit amount (from R1,000) and select your preferred term
Review your guaranteed rate and maturity amount, then confirm to open your savings plan instantly
A typical Capitec Fixed-Term Savings Plan is R10,000–R50,000 for 12 months — earning a guaranteed rate of approximately 9.5%–10.25% p.a., significantly better than a standard savings account.
Opened a 12-month fixed deposit with Capitec at 9.75%. The Deposit Insurance Scheme protects my money. The app makes it easy to track interest accrual. Will definitely renew when it matures.
Capitec fixed deposit South Africa: from R10,000, interest rate up to 10.25% per year, terms 3 to 60 months. Protected by the Deposit Insurance Scheme. Review on CreditDeals.
