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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## Maturity, renewal, and early exit — no loan repayment The Fixed-Term Savings Plan is pure deposit funding. There are no instalments, DebiCheck mandates, or NCA repayment schedules. Your obligation is simply to honour the chosen lock period or accept a reduced coupon if you break early. ### End-of-term outcomes | Scenario | What the bank does | |---|---| | Standard maturity | Credits principal plus interest to your Capitec account automatically | | Opt-in auto-renewal | Re-opens a new plan at prevailing fixed-deposit rates on the maturity date | | Manual reinvestment | You pick a fresh term or amount when the plan expires | ### Breaking the lock early Request withdrawal through the mobile app at any time. The system calculates an interest reduction based on how much of the term remains; longer gaps before maturity mean a larger coupon haircut. The app shows the net rand figure before you approve. ### Penalties and fees Running the plan to maturity carries **no** extra charge. Early exit costs only the published interest reduction—no additional service fee beyond that adjustment. Monthly maintenance on the savings plan itself is **zero** according to the product profile. ### Extension and rollover language Automatic renewal is optional per plan. You can disable it in app settings ahead of maturity if you want cash back in your transactional account. Changing term length is available at rollover rather than mid-cycle without an early exit. ### Tax paperwork Interest may be taxable above **SARS** thresholds (**R23,800** / **R34,500** depending on age). Pull your annual certificate from the app when filing. Questions on payout timing: **clientcare@capitecbank.co.za** or **0860 10 20 43**. Unlike loan products, there is no DebiCheck mandate or monthly instalment schedule tied to this deposit.
Funds plus interest are automatically credited to your Capitec account on the maturity date. No action required.
Opt in to automatic renewal via the app to re-invest at the prevailing rate on the maturity date.
Request early withdrawal at any time via the Capitec app. An interest reduction applies for the period withdrawn early.
Early withdrawal reduces the interest earned. The penalty is calculated based on the remaining term — the longer before maturity, the greater the reduction. The exact penalty amount is shown in the app before you confirm an early withdrawal.
Automatic renewal is available — your savings plan is re-opened at the current prevailing fixed-deposit rate on the maturity date. Alternatively, you can change the term or withdraw the funds at maturity.
No penalties for allowing the savings plan to run to maturity. Early withdrawal results in an interest reduction as described above. No additional fees apply beyond the interest reduction.
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.
