Capitec Bank Student Account

Capitec Bank Student Account

Capitec does not offer a standalone student account, but with its Global One account, Capitec does offer a Savings Account option that is open to students. The requirement is to keep a minimum of R25 in the account for the bank account to remain open.


The transaction and savings account is your main account (R25 minimum balance; R5 monthly admin fee) that gives you affordable banking and up to 4 free flexible, fixed, or tax-free savings plans.

Benefits

Some of the benefits of using our main savings account:

  • Access to Mastercard® Priceless® Cities worldwide
  • Earn from 2.25% interest per year on daily balances
  • Easy transactions at lower, transparent bank costs
  • Manage your savings plans and your money using our app, cellphone *120*3279#, the Internet and your Global One card
  • Fix your money in any of the 4 free savings plans and earn up to 8.15% interest

Main savings account interest rates

All interest rates quoted are nominal annual compounded monthly (NACM) rates.

Amount (R)R0
– R9 999
R10 000
– R24 999
R25 000
– R99 999
R100 000+
 NominalEffectiveNominalEffectiveNominalEffectiveNominalEffective
Interest rate (%)2.25%N/A2.25%N/A2.25%N/A2.50%N/