Capitec fixed deposit South Africa: from R10,000, interest rate up to 10.25% per year, terms 3 to 60 months. Protected by the Deposit Insurance Scheme. Review on CreditDeals.
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## Fixed-Term Savings Plan — legal and product terms Capitec Bank Limited registers as Authorised Financial Services Provider **FSP 46669** and Registered Credit Provider **NCRCP13480**, though this facility is a deposit, not a loan. Because no credit is extended, **no bureau check** runs at opening. Oversight sits with the **Financial Sector Conduct Authority**, **South African Reserve Bank**, and the **Banks Act** deposit-taking framework. ### Core parameters | Parameter | Published value | |---|---| | Deposit band | **R1,000 – R5,000,000** per plan | | Duration menu | **30 / 60 days**; **3 / 6 / 12 / 24 / 36 / 48 / 60 months** | | Coupon | Fixed at inception; indicative **8.0%–10.25%** p.a. by term | | Interest distribution | Monthly, quarterly, annually, or lump sum at maturity | | Premature exit | Permitted with notice; earned coupon reduced for early days | | Auto roll-forward | Optional opt-in at prevailing rates on maturity | | Currency | **South African Rand (ZAR)** | | Fund safety | **Banks Act** depositor protection scheme | ### Eligibility checklist - Valid **South African ID** or **Smart ID** - Active **Capitec Bank** transactional account (mandatory anchor account) - Minimum **R1,000** transfer into the new plan - **FICA** compliance: identity plus proof of residential address on file ### Paperwork Present your identity document and a recent proof-of-address document meeting FICA standards. Names must align with the existing Capitec profile to avoid rework. ### Tax and renewal notes Interest above the **SARS** annual exemption (**R23,800** under age 65; **R34,500** at 65+) may attract income tax. Capitec issues an annual interest certificate through the app. At maturity you may withdraw, change term, or opt into automatic renewal at then-current fixed-deposit pricing. Branch code **470010** identifies the bank on EFT references if you fund from an external institution before opening.
| Parameter | Value |
|---|---|
| Deposit amount | R1,000 – R5,000,000 per plan |
| Terms | 30 days / 60 days / 3 / 6 / 12 / 24 / 36 / 48 / 60 months |
| Interest rate | Fixed at opening; indicative: 8.0%–10.25% p.a. (varies by term and market rates) |
| Interest payout | Monthly, quarterly, annually or at maturity (client choice) |
| Early withdrawal | Allowed with notice; interest rate is reduced for the period withdrawn early |
| Automatic renewal | Opt-in; at prevailing rates on maturity date |
| Currency | South African Rand (ZAR / R) |
| Deposit protection | South African Banks Act depositor protection scheme |
Opened a 12-month fixed deposit with Capitec at 9.75%. The Deposit Insurance Scheme protects my money. The app makes it easy to track interest accrual. Will definitely renew when it matures.
Capitec fixed deposit South Africa: from R10,000, interest rate up to 10.25% per year, terms 3 to 60 months. Protected by the Deposit Insurance Scheme. Review on CreditDeals.
This button goes straight to the lender. There is no partner link here and we earn nothing from the click. The rating on this page is an editorial score.
