{"id":8867,"date":"2024-03-06T12:50:55","date_gmt":"2024-03-06T12:50:55","guid":{"rendered":"https:\/\/collegeguide.co.za\/?page_id=8867"},"modified":"2024-03-06T12:50:55","modified_gmt":"2024-03-06T12:50:55","slug":"capitec-interest-rates","status":"publish","type":"page","link":"https:\/\/forms24.co.za\/data\/capitec-interest-rates\/","title":{"rendered":"Capitec interest rates"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.capitecbank.co.za\/bank-better-live-better\/financial-tools\/savings-calculator\/\">Savings Calculator<\/a><\/p><div id=\"forms-4117438296\" class=\"forms-atf forms-entity-placement\" style=\"margin-top: 15px;margin-bottom: 20px;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads atf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"8381596201\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td><strong>Term (Months)&nbsp;&nbsp;<\/strong><\/td><td><strong>R10 000 &#8211; R24 999<\/strong><\/td><td><strong>R25 000 &#8211; R99 999<\/strong><\/td><td><strong>R100 000+<\/strong><\/td><\/tr><\/thead><tbody><tr><td>&nbsp;<\/td><td>Nominal<\/td><td>Effective<\/td><td>Nominal<\/td><td>Effective<\/td><td>Nominal<\/td><td>Effective<\/td><\/tr><tr><td>6<\/td><td>4.08%<\/td><td>4.16%<\/td><td>4.08%<\/td><td>4.16%<\/td><td>4.20%<\/td><td>4.28%<\/td><\/tr><tr><td>7 -9<\/td><td>4.28%<\/td><td>4.36%<\/td><td>4.28%<\/td><td>4.36%<\/td><td>4.40%<\/td><td>4.49%<\/td><\/tr><tr><td>10 -12<\/td><td>4.73%<\/td><td>4.83%<\/td><td>4.73%<\/td><td>4.83%<\/td><td>4.80%<\/td><td>4.91%<\/td><\/tr><tr><td>13 &#8211; 18<\/td><td>4.77%<\/td><td>4.88%<\/td><td>4.77%<\/td><td>4.88%<\/td><td>4.84%<\/td><td>4.95%<\/td><\/tr><tr><td>19 &#8211; 24<\/td><td>5.77%<\/td><td>5.93%<\/td><td>5.77%<\/td><td>5.93%<\/td><td>5.98%<\/td><td>6.15%<\/td><\/tr><tr><td>25 &#8211; 36<\/td><td>6.19%<\/td><td>6.37%<\/td><td>6.19%<\/td><td>6.37%<\/td><td>6.21%<\/td><td>6.39%<\/td><\/tr><tr><td>37 &#8211; 48<\/td><td>6.41%<\/td><td>6.60%<\/td><td>6.41%<\/td><td>6.60%<\/td><td>6.61%<\/td><td>6.81%<\/td><\/tr><tr><td>49 &#8211; 60<\/td><td>7.51%<\/td><td>7.77%<\/td><td>7.51%<\/td><td>7.77%<\/td><td>7.71%<\/td><td>7.99%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<strong>nominal interest rate<\/strong>&nbsp;is used to calculate the&nbsp;<strong>daily interest earned<\/strong>&nbsp;on your account balance, which&nbsp;<strong>accumulates<\/strong>&nbsp;until it is capitalised on an agreed date every month. The interest is then either reinvested or transferred to your savings account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The\u00a0<strong>effective annual interest rate<\/strong>\u00a0is calculated by taking into account the fact that\u00a0<strong>interest is earned<\/strong>\u00a0on\u00a0<strong>capitalised interest<\/strong>\u00a0over a period 12 months.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">How it works<\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>You choose how long you want to invest (6 \u2013 60 months)<\/li><li>Deposit a single amount up to a maximum of R20 million to invest over the term you choose<\/li><li>Minimum deposit amount of R10 000<\/li><li>Earn up to 7.71% interest (nominal interest rate)<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Benefits<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The benefits of our fixed-term savings plans:<\/p><div id=\"forms-4253507002\" class=\"forms-content forms-entity-placement\"><div style=\"width: 300px; padding: 20px; margin: 0 auto; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; text-align: center; font-family: Arial, sans-serif;\">\r\n    <p style=\"font-size: 16px; margin: 0 0 10px;\">Need Information or Confused about Something ? <\/p>\r\n    <a href=\"https:\/\/onlineapplications.co.za\/ask\/\" style=\"display: inline-block; padding: 10px 20px; background-color: #007BFF; color: #fff; text-decoration: none; border-radius: 4px; transition: background-color 0.3s;\">Ask a Question<\/a>\r\n<\/div>\r\n<\/div><div id=\"forms-2763637028\" class=\"forms-btf forms-entity-placement\" style=\"margin-top: 15px;margin-bottom: 20px;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads btf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"5513273173\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>Reinvest the interest or transfer it to your main savings account<\/li><li>Interest rate fixed for the full term<\/li><li>Money available on the maturity date<\/li><li>After maturity, the account becomes a flexible savings plan, which you can refix<\/li><li>No monthly admin fee<\/li><\/ul>\n<div id=\"forms-3676033044\" class=\"forms-cpc forms-entity-placement\"><hr>\n<h1>Did You Know : Top 15 Free Online Learning Platforms<\/h1>\n\n<ol>\n  <li>\n    <strong>Free Online Education Degrees : Coursera:<\/strong>\n    <p>Coursera partners with universities and organizations worldwide to offer a wide range of courses. 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It offers a free trial period.<\/p>\n  <\/li>\n<\/ol><\/div>","protected":false},"excerpt":{"rendered":"<p>Savings Calculator Term (Months)&nbsp;&nbsp; R10 000 &#8211; R24 999 R25 000 &#8211; R99 999 R100 000+ &nbsp; Nominal Effective Nominal Effective Nominal Effective 6 4.08% 4.16% 4.08% 4.16% 4.20% 4.28% 7 -9 4.28% 4.36% 4.28% 4.36% 4.40% 4.49% 10 -12 4.73% 4.83% 4.73% 4.83% 4.80% 4.91% 13 &#8211; 18 4.77% 4.88% 4.77% 4.88% 4.84% 4.95% &#8230; <a title=\"Capitec interest rates\" class=\"read-more\" href=\"https:\/\/forms24.co.za\/data\/capitec-interest-rates\/\" aria-label=\"Read more about Capitec interest rates\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8867","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages\/8867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/comments?post=8867"}],"version-history":[{"count":0,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages\/8867\/revisions"}],"wp:attachment":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/media?parent=8867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}