Capitec Fixed Deposit

How to Open a Capitec Fixed-Term Savings Plan

## Opening a Capitec Fixed-Term Savings Plan Most clients finish onboarding in a single handset session. Branch staff can mirror the same workflow if you prefer face-to-face help. You need an existing Capitec transactional account before the savings plan activates. ### Step-by-step path 1. Launch the **Capitec banking app** and authenticate with PIN or biometrics. 2. Open the **Savings & Investments** menu and select **Fixed-Term Savings Plan**. 3. Type the rand amount (**R1,000** minimum) and pick a term from **30 days** to **60 months**. 4. Choose interest distribution: monthly, quarterly, annually, or at maturity. 5. Review the guaranteed coupon and projected maturity value, then confirm. Funds move instantly from your linked account. ### Branch alternative Visit any Capitec outlet nationwide during **Mon–Fri 8:00–17:00** (app access remains **24/7**). Bring your **ID**, proof of address if FICA refresh is due, and the deposit cash or account balance. ### Strategy tips before you commit | Tactic | Reason | |---|---| | Ladder multiple terms (e.g. 3, 6, 12 months) | Preserves liquidity while chasing higher coupons on longer slots | | Match payout frequency to cash-flow needs | Monthly credits suit income drawdown; maturity lump suits reinvestment | | Avoid premature exit | Interest reduction erodes returns materially | | Stack several plans | Each plan carries its own fixed rate up to **R5,000,000** | ### Support contacts Call **0860 10 20 43**, email **clientcare@capitecbank.co.za**, or visit **5 Neutron Street, Techno Park, Stellenbosch, 7600**. Compare published term bands in-app because longer windows generally pay the top end of the **8.0%–10.25%** indicative range. No credit bureau pull runs for this savings-only product, so approval hinges on an active Capitec account and current FICA records.

Helpful Tips

• 💡Compare terms — longer terms offer higher rates but lock up funds for longer
• 💡Consider a ladder strategy — split savings across multiple terms (e.g. 3, 6 and 12 months) for liquidity flexibility
• 💡Opt for monthly interest payout if you need regular income from your savings
• 💡Avoid early withdrawal — the interest penalty can significantly reduce your return
• 💡Open multiple savings plans simultaneously — each earns its own fixed rate