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.

Capitec savings rates and fees

The savings interest rates and fees below are effective as of 1 April 2024. 

Rates and fees

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Rates and fees

One monthly administration fee

R7.50

 

Main savings account

Amount (R)R0 - R24 999R25 000 - R99 999R100 000 - R249 999R250 000 +
NominalEffectiveNominalEffectiveNominalEffectiveNominalEffective
Interest rate (%)3.00%N/A4.20%N/A5.60%N/A7.15%N/A
Amount (R)R0 - R24 999R25 000 - R99 999R100 000 - R249 999R250 000 +
NominalEffectiveNominalEffectiveNominalEffectiveNominalEffective
Interest rate (%)3.00%N/A4.20%N/A5.60%N/A7.15%N/A
R0 - R24 999
NominalEffective
Interest rate (%)3.00%N/A
R25 000 - R99 999
NominalEffective
Interest rate (%)4.20%N/A
R100 000 - R249 999
NominalEffective
Interest rate (%)5.60%N/A
R250 000 +
NominalEffective
Interest rate (%)7.15%N/A
information-icon

All interest rates quoted are nominal annual compounded monthly (NACM) rates.

 

Flexible savings plan

Amount (R)R0 - R24 999R25 000 - R99 999R100 000 - R249 999R250 000 +
NominalEffectiveNominalEffectiveNominalEffectiveNominalEffective
Interest rate (%)3.00%N/A4.20%N/A5.60%N/A7.15%N/A
Amount (R)R0 - R24 999R25 000 - R99 999R100 000 - R249 999R250 000 +
NominalEffectiveNominalEffectiveNominalEffectiveNominalEffective
Interest rate (%)3.00%N/A4.20%N/A5.60%N/A7.15%N/A
R0 - R24 999
NominalEffective
Interest rate (%)3.00%N/A
R25 000 - R99 999
NominalEffective
Interest rate (%)4.20%N/A
R100 000 - R249 999
NominalEffective
Interest rate (%)5.60%N/A
R250 000 +
NominalEffective
Interest rate (%)7.15%N/A
information-icon

All interest rates quoted are nominal annual compounded monthly (NACM) rates.

 

 

Fixed-term savings plan (single deposit option)

The nominal rate is when the interest from your fixed deposit account is paid out every month, and not reinvested. The effective rate is higher because you earn interest on the interest that is reinvested in your fixed deposit account.

 

Fixed-term savings plan (multiple deposits option)

Thenominal rateis when the interest from your fixed deposit account is paid out every month, and not reinvested. Theeffective rateis higher because you earn interest on the interest that is reinvested in your fixed deposit account. 

 

Tax-free savings plan

Thenominal rateis when the interest from your fixed deposit account is paid out every month, and not reinvested. Theeffective rateis higher because you earn interest on the interest that is reinvested in your fixed deposit account.