Capitec Fixed Deposit
Capitec Bank 6 Month Fixed Term Deposit The following Interest Rates are for the Capitec Bank Product 'Fixed Term Savings Plan / Singlle Deposits Option' and for a term of 6 months above R100,000. The rate of 7.39% is 0.57% higher than the average 6.82%. Also it is 0.58% lower than the highest rate 7.97 Updated Aug, 2019. Capitec Bank Capitec bank comes in at number three for the best 48 months fixed deposit rate offering 6.81% effective interest rate. The nominal rate of interest for the account is 48 months fixed deposit is 6.61%. However, the account is for investors who deposit R100,000.00. Capitec investment. In line with South Africa Revenue Service rules, Capitec has provided a tax-free savings account with the following benefits: You are permitted to open one tax free saving account at any of Capitec branches. You can deposit any amount up to R33 000 per year (single or multiple deposits). 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. Fixed-Term Savings plan (single deposit option) Invest for 6 – 60 months, R20 million maximum investment with a minimum deposit of R10 000.
Invest your money with a bank that urges you to bank better and live better. You are in good hands with a Capitec Fixed-Term Saving Account.You can invest up to R20 million with a Fixed-Term Savings Account.
Investments are quite very important – for as long as we are alive, we are going to need money – it is such a peace of mind knowing that you have money saved, even when problems knocks at your door you know, that financially you’ll be covered if money is needed.
Don’t hesitate when it comes to saving and investing your money. You can choose to invest with Capitec with the fixed term account from 6 to 60 months.
iRead: Capitec Tax-Free Investment Account
You will only have to make a single deposit and the minimum deposit that you can make is R10 000. You can earn up to 8.65% nominal interest.
You can choose to reinvest your interest or have it deposited into your savings account; you get fixed rates throughout the term. Your money will be available for use in maturity date and there are no monthly fees.
Here’s a table of Capitec Interest Rates
Capitec Fixed Deposit Rates 2020
| Term (Months) | R10 000 – R24 999 | R25 000 – R99 999 | R100 000+ | |||
| Nominal | Effective | Nominal | Effective | Nominal | Effective | |
| 6 | 6.90% | 7.12% | 7.00% | 7.23% | 7.25% | 7.50% |
| 7 – 9 | 7.05% | 7.28% | 7.20% | 7.44% | 7.30% | 7.55% |
| 10 – 12 | 7.25% | 7.50% | 7.80% | 8.08% | 7.85% | 8.14% |
| 13 – 18 | 7.30% | 7.55% | 7.90% | 8.19% | 7.95% | 8.25% |
| 19 – 24 | 7.40% | 7.66% | 7.95% | 8.25% | 8.05% | 8.35% |
| 25 – 36 | 7.65% | 7.92% | 8.00% | 8.30% | 8.10% | 8.41% |
| 37 – 48 | 7.80% | 8.08% | 8.10% | 8.41% | 8.15% | 8.46% |
| 49 – 60 | 8.00% | 8.30% | 8.55% | 8.89% | 8.65% | 9.00% |
For more information, visit www.capitecbank.co.za
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