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+ | ||||
| Nominal | Effective | Nominal | Effective | Nominal | Effective | Nominal | Effective | |
| Interest rate (%) | 2.25% | N/A | 2.25% | N/A | 2.25% | N/A | 2.50% | N/ |