The minimum deposit is R1,000.
Capitec Fixed Deposit
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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Frequently Asked Questions
Rates depend on the term and prevailing market conditions. Indicative rates range from ~8.0% p.a. for 30-day plans to ~10.25% p.a. for 60-month plans. Rates are guaranteed for the full term once you open the plan.
Capitec is a South African bank regulated by the SARB and FSCA. Depositor funds are protected under the South African Banks Act depositor protection scheme.
Yes, but an interest reduction penalty applies. The exact penalty is shown in the app before you confirm. It is calculated based on how much of the term remains.
You choose the payout frequency when opening the plan: monthly, quarterly, annually or at maturity. All interest is credited to your Capitec transactional account.
South African tax residents may pay income tax on interest above the SARS annual interest exemption (currently R23,800 for under-65s; R34,500 for over-65s). Capitec provides a tax certificate.
Yes. You can open multiple Fixed-Term Savings Plans via the app, each with a different amount and term.
No. This is a savings product — no credit bureau check is required. You only need a Capitec account and FICA-compliant identification.
Reviews about Capitec Fixed Deposit (1)
T
Thabo M.
4/10/2026
✓ Verified
Best fixed deposit rate in SA
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.
✓ Pros
- • High interest rate
- • Deposit insurance protection
- • Easy management via app
✗ Cons
- • Early withdrawal forfeits interest
- • Minimum R10,000 required
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Capitec Fixed Deposit — Deposit money
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.
Visit website
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.