Capitec Fixed Deposit

Rates depend on the term and prevailing market conditions. Indicative rates range from ~8.0% p.a. for 30-day plans to ~10.25% p.a. for 60-month plans. Rates are guaranteed for the full term once you open the plan.

Capitec is a South African bank regulated by the SARB and FSCA. Depositor funds are protected under the South African Banks Act depositor protection scheme.

Yes, but an interest reduction penalty applies. The exact penalty is shown in the app before you confirm. It is calculated based on how much of the term remains.

You choose the payout frequency when opening the plan: monthly, quarterly, annually or at maturity. All interest is credited to your Capitec transactional account.

South African tax residents may pay income tax on interest above the SARS annual interest exemption (currently R23,800 for under-65s; R34,500 for over-65s). Capitec provides a tax certificate.

Yes. You can open multiple Fixed-Term Savings Plans via the app, each with a different amount and term.

No. This is a savings product — no credit bureau check is required. You only need a Capitec account and FICA-compliant identification.