Our Old Mutual personal loan calculator can help you budget for your next expense by providing an idea of your likely monthly repayment. To do this, go ahead and input your desired loan amount, use the filter to adjust the loan term and then click ‘Calculate Repayment’. 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.
save for your future
15/01/2019With 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.
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
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.
Capitec Fixed Deposit
- 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
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Capitec Bank Deposit Fees
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
Incoming international payment in rand (fixed fee)5 100.88
Incoming international payment in foreign currency5 100.88