Capitec Fixed Deposit
Capitec, which has always played in both the entry-level and mid-market space, has continued to leverage its fixed-fee Global One account in this space, and again shows up the competitors in this. Savings accounts are a popular way to save money and grow your capital. It sounds obvious but you will be surprised how often the interest rate you will earn on a positive balance can be overlooked, in the face of other savings account features and benefits. Capitec Bank 1 Year Fixed Term Deposit The following Interest Rate for fixed term account is applicable for a term ranging from 7 to 12 months with rates varying by deposit amounts. Product is 'Fixed Term Savings Plan / Single deposit Option' above R100,000 The. 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). Capitec Bank 1 Year Fixed Term Deposit: 7.92%: FNB 1 Month Fixed Deposit: 5.95%: Nedbank 1 Year Fixed Deposit: 7.44%: Investec 1 Month Fixed Deposit: 6.65%: Ask a.
save for your future
15/01/2019With 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.
- 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.
Capitec Fixed Deposit Interest Rate
- 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
Capitec Fixed Deposit
Capitec Fixed Deposit Investments
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