Quick Answer: What Type Of Accounts Does Capitec Offer?

What is flexible savings account capitec?

The benefits of our flexible savings plans: Earn from 2.25% interest per year on daily balances.

Choose your deposit amount and the frequency of your deposits.

Choose a name for your plan.

Access your plan any time through Remote Banking or our ATMs..

Can I open a Capitec account during lockdown?

Branches open during lockdown Selected Capitec branches will be open to help with any essential banking needs during the lockdown.

How much is capitec monthly fees?

The monthly admin fee remains the same at R5, which includes your transaction account, 4 free savings plans, cellphone banking (our app and *120*3279#) and Internet Banking.

How do I deposit money into my capitec account?

Step 1: Insert your debit card into the machine and enter your PIN. Step 2: It will direct you to a new page, here on-screen click on the deposit option. Step 3: Choose the account you want to deposit to; if you have more than one account the check and choose where you want your deposit it.

Is WhatsApp stokvel illegal?

WhatsApp stokvels aren’t like traditional stokvels – in fact, they work like a pyramid scheme, where participants earn money by finding new participants. … In South Africa, these types of schemes are illegal and you should avoid them, as your money is not secure with them.

Does capitec have Cheque accounts?

HI, please note Capitec Bank does not offer cheque accounts or cards.

Does capitec have stokvel account?

Fixed Deposit – Capitec Bank As an investor, your stokvel can save money for a period ranging between six and 60 months, earning 5.5% interest on the daily balance. The minimum deposit is R10 000 for a single deposit.

What makes capitec Bank different from other banks?

What makes Capitec so competitive is that it is the only bank that offers good, positive interest on any funds held in the transaction account. “In the case of all the other banks, consumers have to specifically transfer funds to a savings account to benefit from it [positive interest].”

How much does capitec charge to deposit money?

Capitec cuts banking fees for 2019Capitec Global One2018/19 Fees2019/20 FeesWithdrawal (Native)R6.50R6.00 / R1 000Withdrawal (Other)R8.75R8.00Withdrawal (POS)R1.60R1.00Deposit (ATM)95c / R100R1.00 / R1001 more row•Feb 19, 2019

How much is capitec immediate payment?

At just R8 per immediate payment, you can now pay beneficiaries at other banks and they’ll get the money instantly.

What is the best account to invest money in?

Here are a few of the best short-term investments to consider that still offer you some return.Savings accounts. … Short-term corporate bond funds. … Money market accounts. … Cash management accounts. … Short-term U.S. government bond funds. … Certificates of deposit. … Treasurys.

Can I open a Capitec account online?

All of our applications are available online. The best way to fill out your form is on your computer.