Capitec Fixed Deposit



Capitec Bank Deposit Fees

  1. Capitec Fixed Deposit Early Withdrawal Fee
  2. Capitec Fixed Deposit Rates

Best Fixed Deposit Rates for February 2021. Best 12 Month Rates for individuals younger than 55. rates last updated 26th February. Capitec Bank 1 Year Fixed Term Deposit - Deposits Q: I am over 50years old and want to invest R200 000 for 4 years. How much will I get monthly. Reply. LULAMA from South Africa. If you have an online fixed deposit, you can liquidate the fixed deposit in a click of few buttons and you will have the money in your account in minutes, along with the applicable interest. If you do not have an online account then you will have to walk to the bank and get it liquidated.

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. 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).

No one likes paying bank fees, so we do what we can to keep ours as low as possible. And we don’t do hidden costs. Ever! The fees below are effective as of 1 April 2018.

Deposits

Salary cheque FREE

Non-salary cheque 40.35

Cash for loan repayment FREE

Notes (cash-accepting ATM) 96c per R100

Notes/Coins (branch2) R2.27 per R100

Special clearance cheque 100.88

Returned cheque deposi t131.14

Capitec Fixed Deposit

Incoming international payment in rand (fixed fee)5 100.88

Capitec Fixed Deposit Early Withdrawal Fee

Incoming international payment in foreign currency5 100.88


save for your future

15/01/2019

With 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.

Capitec

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
Capitec Fixed Deposit

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.

  • 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 Rates

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