Capitec Fixed Deposit Calculator
Capitec's fixed deposit rates consistently beat the big four — often 0.5–1% higher — making it one of the most popular FD options for SA retail savers. Pre-filled with Capitec's indicative 9.5% 12-month rate. Adjust the rate, term, and deposit amount to model your exact scenario.
9.5%
12-month indicative
R 10 000,00
Minimum deposit
5yr
Maximum term
Capitec minimum deposit: R 10 000,00
Capitec typical 12-month rate: (indicative — confirm with bank)
Interest compounds monthly and is paid to you at the end of the term.
Maturity value
R109 924.76
Principal returned after 12 months
Total interest earned
R 9 924,76
Effective annual yield
9.92%
vs 9.5% nominal
Est. after-tax interest (31% marginal)
R 9 924,76
R 9 924,76 exemption applied
Year-by-year breakdown
| Period | Opening balance | Interest | Closing balance |
|---|---|---|---|
| Year 1 | R 100 000,00 | R 9 924,76 | R 109 924,76 |
| Total | R 100 000,00 | R 9 924,76 | R 109 924,76 |
Capitec fixed deposit — worked examples
All examples use Capitec's indicative 9.5% 12-month rate, capitalised at maturity. Confirm the current rate in the Capitec app or website.
R50,000 · 12 months
9.5% · capitalised at maturity
R100,000 · 12 months
9.5% · capitalised at maturity
R200,000 · 24 months
9.5% · capitalised at maturity
R500,000 · 36 months
9.5% · capitalised at maturity
About Capitec Bank fixed deposits
Capitec is South Africa's largest retail bank by client numbers and regularly offers fixed deposit rates that are 0.5–1.0% above the big four. This rate advantage, combined with its fully digital experience, has made Capitec the go-to FD option for retail investors who want competitive returns without the complexity of a specialist lender.
Capitec's fixed deposit requires a minimum of R10,000, higher than the big-four minimum. The trade-off is a meaningfully better rate — on a R100,000 deposit over 12 months, the 0.75% rate premium translates to R750 more interest per year. Capitec's FD is fully managed in its app. For investors with R10,000 or more who don't need monthly income, the capitalised-at-maturity option at Capitec's rate is hard to beat among mainstream SA banks.
What's specific to Capitec
- ✓Rates typically 0.5–1.0% above the big four for equivalent terms.
- ✓Fully managed in the Capitec app — no branch visit needed.
- ✓R10,000 minimum — higher than big four but standard for competitive-rate FDs.
- ✓Monthly payout or capitalised-at-maturity options both available.
- ✓CODI member — qualifying deposits covered up to R100,000.
Opens Capitec Bank's website. Rand Tools is not affiliated with Capitec.
Capitec fixed deposit — frequently asked questions
What is Capitec's fixed deposit rate?
Capitec's indicative 12-month fixed deposit rate is around 9.50% per year as of April 2026 — typically 0.5–0.75% above FNB, Absa, Standard Bank, and Nedbank for an equivalent term. Shorter terms (3–6 months) earn 8.25–8.75%, and longer terms (24–60 months) reach 10.0–10.5%. Confirm the current rate in the Capitec app — published rates are current and updated frequently.
Why does Capitec offer higher FD rates than the big four?
Capitec is a retail-bank-first business — it attracts deposits aggressively to fund its lending book and credit card portfolio. Offering above-market FD rates is a deliberate strategy to win deposits away from the big four. The big four have captive customers across all banking products (cheque, home loan, credit card, insurance) and can offer slightly lower FD rates because switching costs keep customers. Capitec wins on rate by competing on one dimension: return.
What is the minimum for a Capitec fixed deposit?
R10,000 — higher than the R1,000 minimum at FNB, Standard Bank, Absa, and Nedbank. For most retail investors the R10,000 floor is not a barrier, but it does mean Capitec FDs aren't suitable for very small amounts. Below R10,000, the big four are your best option for a fixed deposit. At R10,000+, Capitec's rate premium more than compensates for the higher entry.
Can I break a Capitec fixed deposit early?
No — like other SA fixed deposits, Capitec's product locks your capital for the full term. Early withdrawal results in a penalty, typically 3 months' forfeited interest, and the remaining interest is paid at a reduced rate. If you need flexibility, Capitec's savings account earns a decent variable rate without a lock-in. It's better to put the emergency fund elsewhere and commit to the FD only with money you're certain you won't need.
Does Capitec's FD offer any tax advantages?
No — like all SA fixed deposits, interest earned at Capitec is taxable as ordinary income. There is no tax-free wrapper on a standard FD. If you have capacity within your R36,000 annual TFSA limit, you'd typically maximise that first (tax-free growth indefinitely) before opening an FD. But if your TFSA is full or you need guaranteed returns, a Capitec FD at 9.5%+ is one of the best mainstream options available.
Compare other SA fixed deposit rates
FNB Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.75%
12-mo
Standard Bank Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.5%
12-mo
Absa Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.5%
12-mo
Nedbank Fixed Deposit
Min: R 1 000,00 · Up to 60 mo
8.75%
12-mo
African Bank Fixed Deposit
Min: R 500,00 · Up to 60 mo
10%
12-mo
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