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Capitec Bank Savings Account
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Introducing the Deposit Insurance Scheme

Learn more about what deposit insurance means for you and how your deposits are protected.

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Protect your money flyer

Our protect your money flyer is filled with valuable tips to help keep your money and information safe.

Capitec Tax Free Savings

Tax-free savings

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

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.

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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.