Capitec · Savings rates review

Capitec Fixed Deposit & Savings Interest Rates 2026

Capitec's Fixed Deposit pays 6.60%–7.60% NACM, 32-day Notice 6.20%–7.00%, 7-day Notice 4.00%–6.50% and Access Anytime 2.00%–5.75% in May 2026. Full term and balance tier tables below, with how to pick the right Capitec savings product for your money.

Updated 19 May 2026 • By Lerato Khumalo • Fact-checked

Rate range

6.60% – 7.60% NACM

Top rate

7.60% (60mo, R1m+)

Effective annual top

7.87% EAR

Minimum deposit

R10,000

Terms

6 – 60 months

Early access

Allowed with fee

Full Capitec rate table — top tier (R1m+ deposits)

Rates published by Capitec on the save-fees-and-rates page (effective 14 May 2026). Lower balance tiers (R10k–R249,999, R250k–R999,999) are tiered downward by roughly 30–80 basis points but the cell-level table is not openly published — confirm in the Capitec app when contracting.

Term	Nominal (NACM)	Effective annual
18 months	7.10%	7.34%
24 months	7.15%	7.39%
36 months	7.20%	7.44%
48 months	7.25%	7.50%
60 months	7.60%	7.87%

Source: capitecbank.co.za save-fees-and-rates page (effective 14 May 2026), via ratecompare.co.za snapshot dated 1 May 2026. NACM = nominal annual compounded monthly. Effective annual rate accounts for monthly compounding.

Rate accuracy note: Capitec's rate table reflects the bank's published curve at the date noted. Rates can change with the SARB MPC cycle (next decision: 28 May 2026) and Capitec may also adjust independently. The figures above are the public top-tier headline rates; the rate quoted to you in-app at contracting is binding for the term you choose.

Capitec's full savings product range (May 2026)

The fixed deposit isn't always the right Capitec product for your money. If you might need access before 6 months, or if you want a smaller minimum, one of the notice or access products will fit better. Here is how the entire Capitec savings range compares, all effective 1 May 2026:

Product	Rate range	Min deposit	Access	Best for
Access Anytime Savings	2.00% – 5.75%	R0	Anytime	Spending buffer / emergency fund
7-day Notice Deposit	4.00% – 6.50%	R1	7 days notice	Short-term savings you might need soon
32-day Notice Deposit	6.20% – 7.00%	R1	32 days notice	Medium-term parking, sinking funds
Fixed-Term Deposit	6.60% – 7.60%	R10,000	Locked for term (early unlock penalised)	Money you know you won't need for 6–60 months
Tax-Free Savings	Linked to FD curve, tax-exempt	R250	Anytime (annual & lifetime contribution caps)	R36,000/year contributions — interest tax-free for life

All rates effective 1 May 2026. Rates are NACM (nominal annual compounded monthly) unless otherwise stated. Verify the live rate in the Capitec app before contracting — Capitec adjusts rates with the SARB MPC cycle.

Capitec 32-day & 7-day notice deposit rates

If you need a balance between earning more than the regular savings account and not locking funds away for years, the notice deposit is the answer. You earn a higher rate than Access Anytime, with the trade-off that you must give Capitec 7 or 32 days' notice before withdrawing. No monthly fees, no minimum balance (R1 to open).

Balance tier	7-day notice	32-day notice
R10,000	~4.00%	6.20%
R25,000	~4.50%	6.65%
R100,000	~5.00%	6.80%
R250,000	~5.75%	6.95%
R1,000,000+	~6.50%	7.00%

7-day notice rates are interpolated from Capitec's published range of 4.00%–6.50%. 32-day notice rates are exact, published on capitecbank.co.za and verified 1 May 2026 via ratecompare.co.za. Verify the in-app rate before contracting.

Which notice period should I pick?

7-day notice is for money you might need within a couple of weeks — emergency buffer, tax due date approaching, holiday float. The rate is roughly 100–150 basis points below the 32-day equivalent for the same balance.

32-day notice is for medium-term savings — house deposit you're not buying for a year, large irregular expense like school fees, or any sum you're confident you won't need within a month. It pays close to the same rate as the bottom of the fixed-deposit curve without locking you in for a term.

Capitec Access Anytime Savings rates

Access Anytime — Capitec's renamed "Flexible Savings" product — pays a tiered rate from 2.00% at the bottom to 5.75% on balances over R250,000. There is no monthly fee, no notice period and no minimum balance. The trade-off is the rate: at small balances you earn very little, and even at the top tier you trail what you would earn in a 32-day notice deposit by around 125 basis points.

Balance tier	Rate (approx)
R0 – R10,000	2.00%
R10,000 – R25,000	~2.50%
R25,000 – R100,000	~3.50%
R100,000 – R250,000	~4.50%
R250,000+	5.75%

Rates published in Capitec's 1 May 2026 rate range of 2.00%–5.75%. Middle-tier figures are interpolated and indicative — confirm exact figures in the Capitec app.

Don't park large amounts here. Capitec announced in early 2025 that it would cut Access Anytime rates further on "lazy" large balances. If you have over R25,000 sitting in Access Anytime that you don't expect to spend within 7 days, move it to 7-day or 32-day notice — you'll roughly double the interest earned with very little loss of flexibility.

Interest payment options

You choose how interest is paid at the time of opening the fixed deposit:

• Monthly payout — interest paid to your Main Account or linked savings each month (this is the "nominal" rate column above). Good for retirees / income seekers.
• Quarterly payout — available, less commonly chosen.
• Annual payout — only on terms 12 months or longer.
• At maturity — full effective compounded rate paid at the end of the term.
• Reinvest (capitalise) — interest compounds inside the term and capital + interest is paid at maturity.

At maturity you can withdraw in full, roll over at the prevailing rate for the same term, or top up and reinvest. If you don't respond, Capitec defaults to a rollover at the prevailing rate.

Can you withdraw from a Capitec fixed deposit early?

Yes — Capitec allows early access ("unlocking") on its fixed deposits. The mechanism depends on the balance:

Balance under R10,000

Self-service at any Capitec ATM. Flat R9.50 unlock fee. Funds release to your Main Account immediately.

Balance R10,000 or more

Must be requested by phoning Capitec Client Care on 0860 102 043 or in branch. Admin fee is calculated case-by-case based on remaining term and balance. Some accrued interest may be forfeited for the months not held.

Capitec's flexibility here is meaningful — TymeBank historically does not permit early unlocking on retail fixed deposits, and most big-bank FDs charge larger penalties. If you might need access before maturity, Capitec is the more forgiving choice; if you genuinely won't need the money, TymeBank's higher rate is the better deal.

Capitec vs other SA fixed deposits (May 2026)

Provider	12-month rate	Notes
TymeBank / GoTyme	8.75% nominal	12-month FD; lowest minimum (R1)
African Bank	8.16% nominal	12-month, top tier R1m+
Bidvest	8.10% effective	12-month; smaller bank, CODI-protected
Standard Bank	7.85% nominal / 8.15% effective	12–18m at maturity, R10k–R99k
Capitec (this product)	~7.05% nominal (R1m+ 12-month, interpolated)	Top rate is at 60-month: 7.60%
Absa	7.12% effective	12-month, R100k+
Nedbank	6.85% nominal	12-month, R1m+

All rates verified May 2026. For maximum rates regardless of term, see TymeBank (up to 9.75% nominal at 36 months) and African Bank (up to 8.81% effective at 60 months R1m+).

Key features

R10,000 minimum deposit

Choose any term from 6 to 60 months

Interest paid monthly, quarterly, annually or at maturity (your choice at open)

Reinvestment / rollover available at maturity

Self-service early unlock at Capitec ATM for balances under R10,000 (R9.50 fee)

Larger early unlocks (≥R10,000): admin fee via branch or Client Care (0860 102 043)

No monthly account fee

CODI-protected up to R100,000 per depositor

Rates fixed at contract open — not affected by SARB MPC changes after that

In-app application via the Capitec Mobile App

How to open a Capitec Fixed Deposit

South African ID

18 years or older

Active Capitec Main Account (Global One)

R10,000 or more to deposit

Source of funds confirmation (FICA)

Open the Capitec app

Tap Save → Fixed-Term Savings

The app surfaces the live rate ladder by term and balance tier as you select them.

Pick your term and amount

Choose 6 to 60 months. Minimum R10,000. The rate locks for the full term.

Choose interest payment frequency

Monthly payout to your Main Account, quarterly, annually, or capitalised (paid at maturity for the highest effective return).

Confirm

Funds debit from your Main Account immediately. You'll see the FD in the app under "Savings" alongside its maturity date and current value.

Pros and cons

Pros

Up to 7.60% NACM (7.87% EAR) at the 60-month / R1m+ tier — competitive among traditional banks
Flexible interest payment options — monthly income or capitalised compounding
Early unlock is allowed at branch / call centre (TymeBank, by contrast, has historically locked clients in)
Self-service ATM unlock for balances under R10,000 at just R9.50
Bundled with the Capitec ecosystem — same app, free transfers to your Main Account
CODI deposit protection up to R100,000

Cons

TymeBank Fixed Deposit at 8.75% nominal (12-month) beats Capitec by ~170 basis points
African Bank 60-month FD at 8.47% nominal beats Capitec's 7.60% by ~90 bps
R10,000 minimum deposit — TymeBank starts at R1, African Bank at R500
Early-unlock penalty above R10k is not published as a flat number — calculated case-by-case
Lower-tier (under R1m) rates are not published cell-by-cell on Capitec's public page — quote varies by app
No 55+ senior bonus, unlike FNB, Absa and Standard Bank

Frequently asked questions

What is the current Capitec fixed deposit interest rate for 2026? +

Capitec's fixed deposit rate range as at 14 May 2026 is 6.60% to 7.60% NACM (nominal annual compounded monthly), across terms of 6 to 60 months and balance tiers from R10,000 to R1,000,000+. The top rate of 7.60% (7.87% effective annual) is paid on the 60-month term for deposits of R1m or more.

What is the Capitec 6-month fixed deposit rate? +

Capitec's 6-month fixed deposit rates fall in the lower end of the 6.60% to 7.60% range. The exact rate depends on your deposit size — verify the live rate in the Capitec app before contracting. As a rough guide, 6-month rates typically sit 50–80 basis points below the 12-month rate.

What is the Capitec 12-month fixed deposit rate? +

Based on Capitec's published top-tier curve, the 12-month rate at R1m+ is approximately 7.05% NACM, climbing to 7.10% at 18 months and 7.60% at 60 months. For smaller deposits the curve runs 30–50 basis points lower per tier band. Always check the live app rate before contracting.

Can I withdraw money from a Capitec fixed deposit before maturity? +

Yes — Capitec allows early access (an "unlock"). For balances under R10,000 you can self-service the unlock at any Capitec ATM for a flat R9.50 fee. For balances of R10,000 or more, you must phone Capitec Client Care (0860 102 043) or visit a branch; the admin fee is calculated case-by-case based on the balance and time remaining. Some accrued interest may also be forfeited for the months not held. Capitec's position is that early withdrawal is possible but penalised — confirm the exact penalty at the time you want to unlock.

How does Capitec's fixed deposit compare to TymeBank and African Bank? +

For pure rate, Capitec is mid-pack. TymeBank Fixed Deposit pays up to 8.75% nominal on 12 months (vs Capitec's ~7.05% at the same term). African Bank pays up to 8.47% nominal at 60 months (vs Capitec's 7.60%). Capitec's advantages are: a known, branch-supported brand; flexible interest-payment options including monthly income; and easier early-unlock channels. If you're yield-only and willing to lock fully, TymeBank wins; if you value flexibility and the Capitec ecosystem, Capitec's slightly lower rate may be worth it.

Is Capitec fixed deposit interest taxable? +

Yes — fixed deposit interest is taxed as interest income at your marginal rate. The first R23,800 of interest income per tax year is tax-free for SA taxpayers under 65 (R34,500 if 65+). For higher earners, consider moving up to R46,000 per year (R500,000 lifetime) into a Tax-Free Savings Account, where interest is fully exempt from tax. Capitec offers a tax-free product separately from the fixed deposit.

Is my Capitec fixed deposit safe? +

Yes — Capitec is an SA-licensed bank regulated by the Prudential Authority. Deposits up to R100,000 per depositor per bank are protected by the Corporation for Deposit Insurance (CODI), operational since 1 April 2024. Capitec is profitable, well-capitalised and listed on the JSE; the structural risk to a depositor is low.

What is the Capitec 32-day notice account interest rate? +

Capitec's 32-day notice deposit pays 6.20% on a R10,000 balance, rising in tiers to 7.00% on balances of R1,000,000 or more. There is no monthly fee, R1 minimum to open, and you must give Capitec 32 days' notice before withdrawing. Rates effective 1 May 2026 and quoted as NACM.

What is the Capitec 7-day notice deposit rate? +

Capitec's 7-day notice account pays between 4.00% on the lowest balance tier and 6.50% on balances over R1,000,000 (NACM, effective 1 May 2026). It pays roughly 100–150 basis points less than the 32-day notice equivalent at the same balance, in exchange for shorter access. No monthly fee, R1 minimum.

What is the Capitec Access Anytime savings rate? +

Capitec's Access Anytime (formerly Flexible Savings) pays from 2.00% on small balances to 5.75% on balances over R250,000. No monthly fee, no notice, no minimum. For balances above R25,000 you almost always earn more by moving the funds to a 7-day or 32-day notice deposit instead.

What is the Capitec 6-month fixed deposit interest rate? +

Capitec's 6-month rate sits at the bottom of the published 6.60%–7.60% NACM range — typically around 6.60%–6.80% depending on balance. Verify the exact figure in the Capitec app at the time of contracting. If your horizon is roughly 6 months and you can give notice instead of locking, the 32-day notice account at 6.20%–7.00% may suit better and keeps the money more accessible.

What is the Capitec 12-month fixed deposit interest rate? +

Capitec does not publish the 12-month rate cell-by-cell, but its top-tier curve (R1m+) interpolates to approximately 7.05% NACM at 12 months — about 50 basis points below the 18-month rate of 7.10%. Lower balance tiers run 30–80 basis points lower. Confirm the live rate in the Capitec app before contracting.

Does Capitec have a 30-day notice account? +

No — Capitec's product is a 32-day notice deposit, not 30 days. The 32-day notice period is set by Capitec policy. For 7 days' access, use the 7-day notice deposit; for instant access, use Access Anytime.

What is the difference between Capitec notice and fixed deposit? +

A notice deposit (7 or 32 days) pays a tiered rate that follows market conditions — it can change while your money is in the account. A fixed deposit locks the rate for the full term you choose (6 to 60 months) and is normally penalised if you withdraw early. Notice deposits are better when you want flexibility; fixed deposits are better when you can commit and want certainty over the term.

Important

This article is for information only and is not financial advice. Investments can go down as well as up — past performance is not a guide to future returns. Consider speaking to an FSCA-authorised financial advisor before investing.

Compare other savings options

All SA savings accounts

Full comparison hub

Capitec Notice Deposit

7 or 32-day notice up to 7.00%

TymeBank GoalSave

Up to 10% with 10-day notice

African Bank Savings

Up to 8.81% fixed deposit (60m)