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Read about the Multiple Deposit Fixed-Term Savings account

If you’re looking for a savings account that rewards consistency and offers control, Capitec’s Multiple Deposit Fixed-Term Savings is worth a look. Unlike fixed deposits that require a single lump sum, this plan allows you to deposit whenever you want—great for those building savings gradually.

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Multiple Deposit Fixed-Term Savings

Last updated: May 28, 2025
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Interest Rate

Earn up to 7.60% interest (nominal rate).

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Access to funds

After maturity, the account becomes an access anytime plan, which you can refix.

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Opening Deposit

You decide how much and how often to deposit, up to R1 million total.

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Monthly Fees

No monthly admin fee.

Tax Implications

Interest earned on this account is subject to tax. South African residents can earn up to R23,800 in interest tax-free per year (R34,500 for individuals over 65). If the total interest earned across all accounts exceeds this threshold, you will be liable for tax on the excess amount.

Read More

Read about the Multiple Deposit Fixed-Term Savings account

If you’re looking for a savings account that rewards consistency and offers control, Capitec’s Multiple Deposit Fixed-Term Savings is worth a look. Unlike fixed deposits that require a single lump sum, this plan allows you to deposit whenever you want—great for those building savings gradually.

Read More

What you need to apply

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South African Citizens

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

  1. Valid Passport
  2. Proof of residence
    (not older than three months)
  3. 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. Your South African ID
  2. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Valid Passport
  2. Proof of residence
    (not older than three months)
  3. 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.