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.
The Capitec Fixed-Term Savings Plan is a South African Banks Act deposit product, fully regulated by the FSCA and SARB. No NCA credit assessment is required as this is a savings (not credit) product.
| Parameter | Value |
|---|---|
| Deposit amount | R1,000 – R5,000,000 per plan |
| Terms | 30 days / 60 days / 3 / 6 / 12 / 24 / 36 / 48 / 60 months |
| Interest rate | Fixed at opening; indicative: 8.0%–10.25% p.a. (varies by term and market rates) |
| Interest payout | Monthly, quarterly, annually or at maturity (client choice) |
| Early withdrawal | Allowed with notice; interest rate is reduced for the period withdrawn early |
| Automatic renewal | Opt-in; at prevailing rates on maturity date |
| Currency | South African Rand (ZAR / R) |
| Deposit protection | South African Banks Act depositor protection scheme |
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.
