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Capitec’s Fixed Term Savings Account provides a secure and lucrative savings option, offering various term lengths for your financial needs. By committing to keeping your funds locked for a predetermined period, you can benefit from a reliable interest rate throughout the duration.
- Term Lengths: Choose from terms ranging from 6 to 60 months.
- Interest Rate: The longer your funds remain locked, the more favorable the interest rate.
Managing Your Investment
Once your initial deposit starts accumulating interest, you have the flexibility to:
- Reinvest: Maximize potential returns by reinvesting earned interest.
- Transfer: Move the interest to your primary savings or transactional account, offering freedom to utilize additional funds as needed.
Withdrawing Before Maturity
If circumstances necessitate early withdrawal, follow these steps:
- Assess the Need: Evaluate your financial situation and determine if withdrawing before maturity is necessary.
- Contact Capitec: Reach out to Capitec’s Client Care Centre at 0860 10 20 43 to discuss your intent and inquire about associated fees.
- In-Person Visit: Visit your nearest Capitec branch for a face-to-face discussion about unlocking your savings.
- Fee Consideration: Be aware of administration fees for early unlocking, which may vary. Capitec’s staff will provide specific details.
- Make an Informed Decision: With guidance from Capitec, make an informed decision aligning with your financial objectives.
Capitec’s Fixed Term Savings Account offers a secure and rewarding way to grow savings. While the commitment to keeping funds locked ensures attractive interest rates, life circumstances may warrant early unlocking. Capitec provides a solution, albeit with minimal administration fees. Contact Capitec’s Client Care Centre or visit a branch to discuss your financial goals—Capitec is here to support you. Your financial well-being is a priority, and Capitec is committed to assisting you every step of the way.
