How to Open a Fixed Account on the Capitec App

Learning how to open a fixed account on the Capitec app is a great way to grow your savings while earning higher interest. A fixed account, also known as a fixed-term savings account or fixed deposit, allows you to invest money for a specific period while the bank pays a guaranteed interest rate.

Capitec Bank offers several savings options through its mobile banking platform, including fixed-term savings plans. These accounts are designed for people who want to save money over a set period, usually between several months and a few years, without withdrawing the funds during that time.

Opening a fixed account using the Capitec mobile app is quick and convenient, and existing customers can complete the process in just a few minutes.

1. Table of Contents

   Toggle

   Make Sure You Have a Capitec Account

Before opening a fixed account, you must first have an active bank account.

• You need a transaction account with Capitec Bank
• Ensure the Capitec banking app is installed on your smartphone
• Log in using your remote PIN or biometric login
• Make sure your account has funds available to invest

A fixed savings plan is opened using money from your existing account balance.

2. Open the Capitec Banking App

The process starts by accessing the mobile banking application.

• Launch the Capitec banking app on your phone
• Enter your remote PIN or use fingerprint authentication
• Wait for the home screen to load

The app allows customers to manage payments, savings, and other financial services in one place.

3. Tap the “Save” Option

Next, navigate to the savings section of the app.

• On the home screen, select Save
• View the different savings plans available
• Look for the Fixed-Term Savings option

This section allows users to create new savings plans for different financial goals.

4. Choose the Fixed Savings Plan

Select the fixed account option to begin the setup.

• Tap Add Fixed-Term Savings
• Choose the investment period such as several months or years
• Decide whether interest will be paid monthly or at maturity

Fixed accounts usually provide higher interest rates than regular savings accounts.

5. Enter the Deposit Amount

You will then choose how much money to invest.

• Enter the amount you want to deposit
• Confirm that the amount meets the minimum requirement
• Review the interest rate and maturity period

The funds will be transferred from your main account to the fixed savings plan.

6. Confirm and Open the Account

The final step is to review and confirm your application.

• Check the investment term and deposit amount
• Read and accept the terms and conditions
• Confirm the transaction using your remote PIN

Once confirmed, your fixed account will be created and your savings will begin earning interest.

Also Read: How to Open a DStv Account