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 is a savings product — no repayment is required. At maturity, your funds are returned with interest.
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 An interest reduction applies for the period withdrawn early.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.
