Capitec Fixed Deposit

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Capitec Fixed Deposit 8,4/10 5339 votes

save for your future

15/01/2019

With Global One, you get 4 extra savings plans and could earn up to 9.00% interest. Simply choose a savings plan and your deposit option and start investing.

Your main savings account (R25 minimum balance; R5.80 monthly admin fee) gives you affordable banking and access to flexible, fixed or tax-free savings plans.

The benefits of a flexible savings plan

Earn from 3.50% interest per year on daily balances.

Fixed deposit periods range from one month to five years and are suited to a variety of interest rate scenarios. Invest more for longer and enjoy better returns. You can chose from a prime-linked or fixed interest rate, depending on which makes sense for you and the growth of your business. Bank Duration Product Rate Minimum amount Other parameters Updated on; African Bank: 60 months: Fixed Deposit: 11,11%: 0: 26/2/2021: Capitec Bank: 49 months: Fixed Term Savings Plan /.

Capitec Bank Deposit Fees. Capitec Bank Deposit Fees. No one likes paying bank fees, so we do what we can to keep ours as low as possible. And we don’t do hidden costs. The fees below are effective as of 1 April 2018. Incoming international payment in rand (fixed fee) 5 100.88. View the latest daily interest rates of all cash investment accounts, including fixed term deposits, notice deposits and instant access deposit accounts so that you can make an informed decision on where to deposit your hard earned cash and save for what matters most.

Choose your deposit amount and the frequency of your deposits
Name your savings plan
Access your plan any time with Remote Banking (cellphone app/Internet/*120*3279#) or our ATMs
No monthly admin fee or minimum balance

You can open a flexible savings plan using our app. Simply open the app, tap on “Save”, enter your Remote PIN and tap “Add Flexible Savings”.

The benefits of a fixed-term savings plan

Single deposit option

Invest for 6 – 60 months, with a minimum balance of R10 000.

You choose how long you want to invest (from 6 – 60 months)
You deposit a single amount (maximum R20 million) to invest over the term you choose
Earn from 6 – 9.00% (nominal interest rate)
Interest rate fixed for the full term
Money available on the maturity date
After maturity, the account will become a flexible savings plan, which you can refix for a further term
No monthly admin fee

When your deposit starts earning interest, you can reinvest the interest or transfer it to your main savings account.

Multiple deposit option

Invest for 6 – 24 months, with a R1 million maximum investment.

You choose how long you want to invest for (from 6 – 24 months)
You decide how much and how often you would like to deposit over the term you choose, up to a maximum of R1 million
Earn from 3.50% – 6.40% interest (nominal interest rate)
Interest rate fixed for the full term
Money available on the maturity date
After maturity, the account will become a flexible savings plan, which you can refix for a further term
No monthly fee

When your deposits start earning interest, you can reinvest the interest or transfer it to your main savings account.

The benefits of a tax-free savings account

Enjoy tax-free interest over the long term.

You can open one tax-free savings account at any of our branches
Deposit any amount up to R36 000 per year (single or multiple deposits)

South African Revenue Service (SARS) rules

Contribution limits :
- Your combined limit for the financial year (1 March – 28 February) across all tax-free savings accounts, including those at other financial services providers, is R36 000
- Lifetime limit is R500 000
- Contributions over these limits are taxed at 40%
Interest earned will not be taxed
Money withdrawn cannot be replaced
Money may be transferred to and from a tax-free account at another financial services provider
Other savings plans may not be converted to a tax-free savings account

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Capitec Bank Deposit Fees

No one likes paying bank fees, so we do what we can to keep ours as low as possible. And we don’t do hidden costs. Ever! The fees below are effective as of 1 April 2018.