Enjoy no monthly account fees and no minimum balance requirement with Capitec Tax-free Savings
Capitec Tax-free Savings Account: Earn Tax-Free Interest on Your Savings of Up to R36,000
Advertisement
Capitec Tax-free Savings Account is perfect for anyone who wants to save money and earn tax-free interest. This account allows you to save up to R36,000 per year without being taxed on the interest you earn. It also comes with no monthly account fees and no minimum balance requirement, making it an affordable and accessible option for everyone.
Capitec Tax-free Savings Account is perfect for anyone who wants to save money and earn tax-free interest. This account allows you to save up to R36,000 per year without being taxed on the interest you earn. It also comes with no monthly account fees and no minimum balance requirement, making it an affordable and accessible option for everyone.
Have a look at these benefits that the Capitec Tax-free Savings Account gives you access to.
Any South African citizen who has a valid South African ID number and is at least 18 years old can open a Capitec Tax-free Savings Account.
You can save up to R36,000 per year in a Capitec Tax-free Savings Account. Any amount over R36,000 will be taxed.
The Capitec Tax-free Savings Account offers tiered interest rates that depend on the balance amount in the account. Interest rates start at 3.50% for balances of R0 to R24,999 and increase to 6.25% for balances of R150,000 or more. This system means that account holders can earn more interest on their savings as their balance increases. However, it’s important to note that interest rates are subject to change and affected by various factors such as economic conditions and decisions made by the Reserve Bank. The tiered interest rate system provides a great opportunity for individuals to save and earn more on their savings over time.
No, there are no monthly account fees or minimum balance requirements associated with a Capitec Tax-free Savings Account.
Yes, you can withdraw money from your Capitec Tax-free Savings Account at any time. However, keep in mind that if you withdraw more than R36,000 in a year, you will not be eligible for tax-free interest on the excess amount.
Ready to start earning tax-free interest on your savings with Capitec’s Tax-free Savings Account? Click the link below to access our application guide and apply in just a few minutes.
How to open your Capitec Tax-free Savings Account
Earn tax-free returns and get flexible investment terms by following our Capitec Tax-free Savings Account application guide.
If you’re searching for a credit card that offers cashback, consider the African Bank Gold Credit Card.
This premium option provides a range of benefits to its users, making it a competitive choice.
With a monthly account fee of R23.00 and a credit limit of up to R90,000.00, the Gold Credit Card is a great option for those who want to maximize their benefits.
To learn more about this credit card, click on the link below and discover all the features it has to offer.
How to get your African Bank Gold Credit Card
In this African Bank Gold Credit Card application guide we will show you how to get this card fast so you can start enjoying its benefits.
Trending Topics
Celebrity Cruises Visa Signature® review: 10,000 Bonus Points
Check out this Celebrity Cruises Visa Signature® review and find out about this card's 10,000-point welcome bonus and much more!
Keep ReadingWorld of Hyatt Credit Card review: Access to luxurious benefits at a decent cost
In this World of Hyatt Credit Card review you will see how this card can get you access to flashy benefits at a decent cost.
Keep ReadingBlue Business Cash™ Card from American Express review
In this Blue Business Cash™ Card from American Express review you will see how this card allows you to keep it simple with no annual fee.
Keep ReadingYou may also like
The Credit Pros application
Learn the application process for The Credit Pros and how they can help you achieve a healthier financial future in no time!
Keep ReadingWhat is a penalty APR and how does it work?
A missed credit card payment can lead to a lot of trouble, and one of them is a penalty APR. Learn how it works and how you can avoid it.
Keep ReadingABSA Visa Signature Card online application
Applying for the ABSA Visa Signature Card is easy! Follow these simple steps and you’ll enjoy all the benefits of this card in no time.
Keep Reading