Founded in 2001, Capitec Bank is one of the fastest growing banking institutions in South Africa. With over 7 million customers, Capitec is establishing itself as the bank of choice for many people across South Africa.
While it’s not yet officially one of the “big four” banks in South Africa, Capitec does offer competitive financial solutions that are on-par with those offered by the major banks.
In addition to transactional services and credit solutions, the bank offers competitive savings accounts, including the Flexible Savings, Fixed-Term Savings and a Tax-Free Savings Account.
More about the Capitec Bank Savings Account Interest Rate:
By saving with Capitec Bank you can earn highly competitive interest rates.
By saving with the Capitec Bank Global One card you can earn between 5.35 and 10% interest per annum. You get up to 4 extra savings plans and you can earn highly competitive interest rates while also benefitting from lower bank costs.
The interest you earn could cover your monthly bank fees.
Capitec Bank Savings Account Interest Rate offers:
R10 000-R24999 5.35%
R25 000-R99 999 5.65%
R100 000 + 5.90%
If your main account is a Capitec Bank Savings Account, you could benefit from affordable banking. The bank offers the easiest transactions, at lower, transparent bank costs. Through the Capitec Global One Account, the bank offers clients a unique banking solution that allows them to combine a range of services, using just one card.
Capitec provides easy access to your money using the app, cellphone banking by dialling *120*3279#, the internet and your Global One card.
Capitec lets you choose your deposit amount and the frequency of your deposits. There is also no monthly administration cost involved or a minimum balance required.