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Read about the Fixed-Term Savings (Single Deposit) account

If you’re looking for a reliable way to grow your savings without the stress of market fluctuations, Capitec’s Fixed-Term Single Deposit option is worth considering. You can lock in a great interest rate, starting with just R10,000, and know exactly what you’ll earn by the end of your chosen term.

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Fixed-Term Savings (Single Deposit)

Last updated: May 28, 2025
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Interest Rate

Earn up to 8.85% interest (nominal interest rate).

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Access to funds

After maturity, the account becomes an access anytime savings plan.

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Opening Deposit

Deposit a single amount up to a maximum of R20 million.

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Monthly Fees

No monthly admin fee.

Tax Implications

Interest earned on your Capitec Fixed-Term Savings account is subject to South African income tax. However, individuals under 65 benefit from an annual interest exemption of R23,800 (R34,500 for those 65 and older).

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Read about the Fixed-Term Savings (Single Deposit) account

If you’re looking for a reliable way to grow your savings without the stress of market fluctuations, Capitec’s Fixed-Term Single Deposit option is worth considering. You can lock in a great interest rate, starting with just R10,000, and know exactly what you’ll earn by the end of your chosen term.

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R20 000000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
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Non-South African Citizens

  1. Opening deposit of R20 000000
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Opening deposit of R20 000000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R20 000000
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.