Tax-free savings
Save up to R36 000 a year without getting taxed on the interest.
Save up to R36 000 a year without getting taxed on the interest.
| Term (Months) | R0 - R9 999 | R10 000 - R74 999 | R75 000 - R249 999 | R250 000+ | ||||
|---|---|---|---|---|---|---|---|---|
| Nominal | Effective | Nominal | Effective | Nominal | Effective | Nominal | Effective | |
| 12 | 3.50% | 3.56% | 7.80% | 8.08% | 7.85% | 8.14% | 7.90% | 8.19% |
| 13 - 18 | 3.50% | 3.56% | 7.85% | 8.14% | 7.90% | 8.19% | 7.95% | 8.25% |
| 19 - 24 | 3.50% | 3.56% | 7.90% | 8.19% | 7.95% | 8.25% | 8.00% | 8.30% |
| 25 - 36 | 3.50% | 3.56% | 7.95% | 8.25% | 8.00% | 8.30% | 8.05% | 8.35% |
| 37 - 48 | 3.50% | 3.56% | 8.05% | 8.35% | 8.10% | 8.41% | 8.15% | 8.46% |
| 49 - 60 | 3.50% | 3.56% | 8.10% | 8.41% | 8.15% | 8.46% | 8.20% | 8.52% |
| Term (Months) | R0 - R9 999 | R10 000 - R74 999 | R75 000 - R249 999 | R250 000+ | ||||
|---|---|---|---|---|---|---|---|---|
| Nominal | Effective | Nominal | Effective | Nominal | Effective | Nominal | Effective | |
| 12 | 3.50% | 3.56% | 7.80% | 8.08% | 7.85% | 8.14% | 7.90% | 8.19% |
| 13 - 18 | 3.50% | 3.56% | 7.85% | 8.14% | 7.90% | 8.19% | 7.95% | 8.25% |
| 19 - 24 | 3.50% | 3.56% | 7.90% | 8.19% | 7.95% | 8.25% | 8.00% | 8.30% |
| 25 - 36 | 3.50% | 3.56% | 7.95% | 8.25% | 8.00% | 8.30% | 8.05% | 8.35% |
| 37 - 48 | 3.50% | 3.56% | 8.05% | 8.35% | 8.10% | 8.41% | 8.15% | 8.46% |
| 49 - 60 | 3.50% | 3.56% | 8.10% | 8.41% | 8.15% | 8.46% | 8.20% | 8.52% |
| R0 - R9 999 | ||
|---|---|---|
| Nominal | Effective | |
| 12 | 3.50% | 3.56% |
| 13 - 18 | 3.50% | 3.56% |
| 19 - 24 | 3.50% | 3.56% |
| 25 - 36 | 3.50% | 3.56% |
| 37 - 48 | 3.50% | 3.56% |
| 49 - 60 | 3.50% | 3.56% |
| R10 000 - R74 999 | ||
| Nominal | Effective | |
| 12 | 7.80% | 8.08% |
| 13 - 18 | 7.85% | 8.14% |
| 19 - 24 | 7.90% | 8.19% |
| 25 - 36 | 7.95% | 8.25% |
| 37 - 48 | 8.05% | 8.35% |
| 49 - 60 | 8.10% | 8.41% |
| R75 000 - R249 999 | ||
| Nominal | Effective | |
| 12 | 7.85% | 8.14% |
| 13 - 18 | 7.90% | 8.19% |
| 19 - 24 | 7.95% | 8.25% |
| 25 - 36 | 8.00% | 8.30% |
| 37 - 48 | 8.10% | 8.41% |
| 49 - 60 | 8.15% | 8.46% |
| R250 000+ | ||
| Nominal | Effective | |
| 12 | 7.90% | 8.19% |
| 13 - 18 | 7.95% | 8.25% |
| 19 - 24 | 8.00% | 8.30% |
| 25 - 36 | 8.05% | 8.35% |
| 37 - 48 | 8.15% | 8.46% |
| 49 - 60 | 8.20% | 8.52% |
A fee of R300 applies for early access to your money.
The nominal interest rate is used to calculate the daily interest earned on your account balance, which accumulates until it is capitalized 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.
Although Capitec Bank is an authorised financial services provider (FSP 46669), we are not permitted to provide financial advice on any of our savings plans. In case of any disputes we have an independent Compliance department which can be contacted using the number 0860 10 20 43, as required by the Treasury Disclosure Notice.
