There are 3 main transacting and savings plans offered: The Savings account is the main transaction account, with a monthly admin fee of R4.50. Tax-free savings account - Invest money in your Capitec savings tax-free account and earn interest from R1. No: 1980/003695/06 A fixed-term savings plan - Invest a single amount from R10 000, choose the terms between 6 - 60 months, and earn up to 8.55% interest. This account has zero purchase fees worldwide (clients can use their card wherever they see the MasterCard logo.) The Capitec Global One credit account has 4 different savings plans, credit options, personalized services, and insurance. A standard savings account won’t attract the level of interest that a good investment plan could offer. Capitec Bank has gained traction in the financial services industry since inception. We compare hundreds of financial products including credit cards, bank accounts, products, we encourage you to write reviews about product & companies you dealt with in the past, good or bad, we want to hear it all. Use your cellphone to access your transaction/savings account, savings plans or credit facility. Website: www.capitecbank.co.za. Login or register with your email address and password. 2. The bank with the best rates and excellent customer service. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Product is 'Fixed Term Savings Plan / Single deposit Option' above R100,000 The rate of 7.92% is 0.52% higher than the average 7.4%. Love their low fees rates as well. In essence, it offers you the convenience of having insurance, a transaction account, personalized credit, and 4 savings plans that are absolutely free. Fixed-Term Savings plan (single deposit option) Invest for 6 – 60 months, R20 million maximum investment with a minimum deposit of R10 000. Capitec contact centre. Welcome to LikeMoney, Your Trusted Financial Network. Single deposits into this account must be at a minimum of R10 000, with maximum investment reaching R5 million. You can choose your deposit amount and the frequency of your deposits. Tax-free savings accounts. There are zero purchase fees worldwide when using your card to pay for your shopping, accounts and fuel and zero purchase fees worldwide when using your card for online shopping and telephone or mail orders. You will also have easy access to your money using your Global One card and Remote Banking. 7600, Tel: 0860 10 20 43 Their banking plans are simple and efficient, allowing you to control how you organise your accounts without charging you fees for savings accounts and additional services. Email: [email protected] Stellenbosch. broadband, Travel & much more. Capitec aims to counter this trend through lower priced stop orders and debit orders. With Capitec Bank, the common Capitec savings account is their Globe One account which consists of 4 savings plans; the transactions and savings (main account), flexible savings, fixed-term savings and the tax-free savings. All these are merged into one account. This credit estimate provides you with the credit plans you could qualify for. You choose how long you want to invest (6 – 60 months) Deposit a single amount up to a maximum of R20 million to invest over the term you choose; Minimum deposit amount of R10 000 Capitec Bank We’re a South African retail bank offering simplified, affordable and transparent banking using innovative technology. The account gives easier transactions at a lower rate with transparent bank costs. Although Capitec Bank is an authorised financial services provider (FSP 46669), we are not permitted to provide financial advice on any of our savings plans. A transaction/savings accountfrom Capitec Bank offers you access to 4 extra savings plans. ... affordable personal loans of up to R 250,000 and competitive savings plans to help you reach your financial goals faster. Use our 4 free savings plans to earn interest of up to 8.55% per year and let your money work harder for you. Multiple deposits : 6 – 24 months, R1 million maximum investment. Visit https://www.capitecbank.co.za/ for more info Our solution to money management, Global One, gives you transactions at lower fees, savings plans with highly competitive interest and the easiest access to personalised credit. The Capitec savings plan offers the same interest rates, but without the administration fee. Give us a 10-day heads up (after 90 days) that you’ll be taking your payout and earn yourself a bonus that takes your interest rate up to a nca 7%. The interest rate is fixed for the full term. Its distribution channels for their banking services include through the internet, cellphone (mobile), ATMs and its physical branches. Very affordable, reliable and trustworthy. insurance, loans If credit is granted it will be subject to you submitting a credit application and Capitec Bank performing a full credit assessment. Capitec Mobile Banking App, image: Twitter . 3. Notify me of follow-up comments by email. You can deposit any amount up to R30 000 per year single or multiple deposits. Speak to your financial advisor about the best options. Why let your hard-earned money laze around in an account that offers you no interest? 8%. The interest rates are from 12.9%. There’s no monthly subscription and your Mobile Banking PIN keeps all your transactions secure. How it works. Capitec Savings Account. Money invested using the Multiple deposits option only becomes available at the date of maturity. 10 Ways to Start Repaying Your Student Loan. After maturity the account will become a flexible savings account, which you can refix. I like capitec bank in the branches i have visited i saw their staff is well trained proffetionals they make u feel at home and you leave the bank with a smile.Keep it up guys . The Capitec Savings Account has highly competitive interest rates and you pay lower fees with up to four extra flexible fixed or tax free savings plans. Daily savings are complemented by highly competitive interest and there is the added benefit of lower ATM withdrawal fees. So, let’s look deeper into this credit card to understand the benefits it has to offer. South African consumers have an assortment of savings solutions available at their disposal from an array of banking institutions. You can choose your deposit option: Single deposit : 6 – 60 months, R5 million maximum investment with a minimum balance of R10 000. Capitec deposits and savings products include savings accounts and fixed term savings plans with maturities ranging from 6 months to 5 years. The Fixed Term Savings Account allows clients to choose between 2 deposit options: single and multiple. Capitec is an amazing back to be with it has less interest in all transactions. In case of any disputes we have an independent Compliance department which can be contacted using the number 0860 10 20 43, as required by the Treasury Disclosure Notice. Your total savings will not be taxed during the withdrawal unless you've saved over R500 000. Capitec Savings Account Flexible Savings Features: Address: 1 Quantum Street. In this article, we review the transactions and savings account to give you a better understanding on how it works. The savings plan is just to help you save. You can open one tax-free savings account at any of their branches. I like capitec bank in the branches i have visited i saw their staff is well trained proffetionals they make…. Save my name, email, and website in this browser for the next time I comment. Capitec intended to use technology to its fullest extent to support its aim of growing its savings accounts in the mass market to three million by the end of February 2009.