What is Capitec Fixed-Term Savings?

Capitec Fixed-Term Savings is a savings plan that lets you invest for a chosen term and earn a fixed interest rate for the full investment period.

What is the difference between single deposit and multiple deposit fixed-term savings?

Single deposit fixed-term savings allows you to invest one lump sum for a selected term, while multiple deposit fixed-term savings lets you add money over time up to the allowed maximum.

How long can I invest in a fixed-term savings plan?

You can choose an investment term from 6 to 60 months.

What is the minimum deposit for single deposit fixed-term savings?

The minimum deposit amount for the single deposit fixed-term savings option is R10 000.

Can I access my money before the maturity date?

Your money becomes available on the maturity date. After maturity, the account becomes an Access Anytime savings plan, which can be fixed again.

Does Capitec Fixed-Term Savings charge a monthly admin fee?

No. Capitec Fixed-Term Savings has no monthly admin fee.

Can I reinvest the interest earned on fixed-term savings?

Yes. You can choose to reinvest the interest or transfer it to your main savings account.

How much interest does Capitec Fixed-Term Savings earn?

Interest rates vary depending on the term, deposit amount and whether you choose the single deposit or multiple deposit option. The page includes full nominal and effective rate tables for both options.

Fixed-term savings

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Benefits

Reinvest the interest or transfer it to your main savings account
The interest rate is fixed for the full term
Your money becomes available on the maturity date
After maturity, the account becomes an access anytime savings plan, which you can refix
No monthly admin fee

Single deposit fixed-term savings

You choose how long you want to invest (6 – 60 months)
Deposit a single amount up to a maximum of R20 million to invest over the term you choose
Minimum deposit amount of R10 000

Single deposit interest rates

The nominal interest rate is used to calculate the daily interest earned on your account balance, which accumulates until it is capitalised on an agreed date every month. The interest is then either reinvested or transferred to your savings account.

The effective annual interest rate is calculated by taking into account the fact that interest is earned on capitalised interest over a period 12 months.

Multiple deposit fixed-term savings

You choose how long you want to invest (6 – 60 months)
You decide how much and how often you would like to deposit, up to a total of R1 million

Multiple deposit interest rates

The effective annual interest rate is calculated by taking into account the fact that interest is earned on capitalised interest over a period 12 months.

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