In short: Capitec’s savings rates in October 2026 run from 2.00% on small Access Anytime balances up to 8.40% on long fixed-term deposits. The rate you get depends on the product, how much you save and how long you lock it away. All Capitec savings plans have no monthly fee. Rates change, so confirm the live rate in the Capitec app before you deposit. This is general information, not financial advice.
Capitec savings interest rates at a glance (October 2026)
These ranges come from Capitec’s own savings page. They are nominal annual rates, and the low end applies to small balances.
| Plan | Interest rate | Rate type | Access to your money |
|---|---|---|---|
| Access Anytime | 2.00% to 6.25% | Variable | Immediate |
| Notice Deposit (7 or 32 days) | 4.00% to 7.60% | Variable | After 7 or 32 days’ notice |
| Fixed-Term (6 to 60 months) | 2.00% to 8.40% | Fixed | On the maturity date |
| Tax-Free (12 to 60 months) | 2.00% to 7.40% | Fixed | On the maturity date |
| Stokvel | 5.15% to 6.00% | Variable | Immediate |
Notice, fixed-term and tax-free plans charge an early access fee if you take money out before the agreed date. Access Anytime and Stokvel accounts do not.
Access Anytime rates by balance
Access Anytime is Capitec’s everyday savings plan. The rate rises with your balance:
- R0 to R24,999: 2.00%
- R25,000 to R99,999: 3.25%
- R100,000 to R249,999: 4.75%
- R250,000 and more: 6.25%
If most of your savings sit below R25,000, Access Anytime pays very little. Money you will not need for at least a week usually earns more in a notice deposit.
Notice deposit rates
With a notice deposit you tell Capitec in advance when you want your money. In exchange, the rate is higher:
- 7-day notice: 4.00% on balances under R25,000, rising to 6.70% from R1 million
- 32-day notice: 6.45% on balances under R25,000, rising to 7.60% from R1 million
The 32-day notice deposit is a good home for an emergency fund you can plan around, because even small balances earn far more than Access Anytime.
Fixed-term savings
A fixed-term plan locks your money away for 6 to 60 months at a rate that does not change. The key rules from Capitec’s fixed-term page:
- Single deposit: minimum R10,000, up to R20 million
- Multiple deposits: add money as often as you like, up to R1 million in total
- You can reinvest the interest or have it paid into your savings each month
- At maturity the plan becomes an Access Anytime plan, which you can fix again
Longer terms and bigger amounts earn the top rates. Check the exact rate for your term and amount in the app before you commit.
Capitec tax-free savings
Interest in a tax-free savings account is not taxed. The SARS limits apply across all your tax-free accounts at every provider combined:
- R46,000 per tax year (1 March to end February)
- R500,000 over your lifetime
- Contributions above these limits are taxed at 40%
- Money you withdraw cannot be put back without using up more of your limit
Capitec’s tax-free plan runs for 12 to 60 months and you can start from R1. For how the limits work and other places to hold a TFSA, see our guide to tax-free savings account limits.
How Capitec works out your interest
Capitec calculates interest daily on your balance and adds it to your account monthly. If you leave the interest in, you earn interest on your interest. That is why Capitec shows two figures: the nominal rate, and a slightly higher effective annual rate that assumes you reinvest every month.
What R500 a month could grow to
As an example, saving R500 a month in a 32-day notice deposit at 6.45%, with interest reinvested monthly and the rate unchanged:
- After 1 year: about R6,180
- After 3 years: about R19,800
- After 5 years: about R35,290
- After 10 years: about R83,970
These are estimates. Variable rates move, so your real result will differ.
Why Capitec’s rates change
Variable savings rates follow the Reserve Bank’s repo rate. On 23 September 2026 the SARB raised the repo rate by 0.25 percentage points to 7.25%, effective 25 September, which pushed prime to 10.75%. The next MPC meeting is on 19 November 2026. Read more in our repo rate guide.
Before you choose a savings plan
- Decide when you might need the money. Do not lock away your only emergency cash.
- Compare the rate for your actual balance, not the headline top rate.
- Check the early access fee on notice, fixed-term and tax-free plans.
- Use your tax-free allowance first if you pay tax on interest.
- Compare with other banks. Our guide to online savings accounts shows what to look for.
Capitec deposits are covered by South Africa’s Deposit Insurance Scheme, run by CODI, up to R100,000 per client per bank.
Frequently asked questions
What is Capitec’s highest savings rate?
In October 2026 the top rate on Capitec’s savings page is 8.40%, on fixed-term savings. It applies to longer terms and larger amounts.
Does Capitec charge fees on savings accounts?
No. Capitec says all its savings plans have no monthly fee. Early access fees apply if you withdraw early from notice, fixed-term or tax-free plans.
Is Capitec savings interest taxed?
Interest outside a tax-free account counts as income, but SARS gives an annual interest exemption before tax applies. Interest in a tax-free savings account is not taxed at all.
How do I open a Capitec savings plan?
Sign in on the Capitec app, tap Save and choose the plan you want. You can open up to 10 savings plans.
Related guides
- How much interest Capitec pays on investments each month
- Investing for beginners with just R100
- Cheapest bank account in South Africa
- Capitec Bank: complete review
Last checked: 24 October 2026 against Capitec’s savings pages and the SARB September 2026 MPC statement. Rates change often, so always confirm on the Capitec app or capitecbank.co.za. This article is general information and not financial advice.