Save

Open 4 free savings plans on our app and even invest in shares. You can name your plans to match your goals and fix them on the app to earn higher interest.

Capitec Bank Savings Account
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Get a notice deposit account

Use our app to earn higher interest on your savings so your money grows!

Capitec Tax Free Savings

Tax-free savings

Save up to R36 000 a year without getting taxed on the interest.

EasyEquities Capitec Bank

EasyEquities

Buy and sell local or international shares from the EasyEquities widget on our app and save 20% on brokerage fees across all trades.

Capitec savings rates and fees

Our savings interest rates

We’ve made saving easy with our highly competitive interest rates, and quick access to your savings plans on our app.

Compare savings plans

Account typesAccess anytimeNotice depositFixed-termTax-free
AccessImmediate7 or 32 days' noticeOn maturity dateOn maturity date
Interest rate2.25% - 6.40%2.50% - 7.75%2.25% - 8.85%2.25% - 7.60%
Interest typeVariable*Variable*FixedFixed
PurposeEveryday savingsShort to medium-termMedium to long-termMedium to long-term
Early access fee**NoYesYesYes
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No monthly fees - all accounts are free.
*Variable interest rates may change over time.
*All interest rates shown are nominal.

Deposit Insurance Scheme

A Deposit Insurance Scheme (DIS) is a financial safety net established by governments to protect your money if a bank fails or is closed. In South Africa, the Corporation for Deposit Insurance (CODI) oversees this scheme. 

What does this mean for you?

As a personal banking client, the Deposit Insurance Scheme means that money you’ve deposited with a bank is protected up to a certain limit. This limit is currently set at R100 000 per client per bank. In practical terms, the DIS offers you peace of mind knowing that even if the bank encounters financial difficulties, your savings are protected up to the insured limit.