- Oct 1, 2005
Capitec pays 4.5% interest pa, and R5 monthly in fees. Therefore, you need to have a balance of over R1200 just to break even
AFAIK only retirees get "free" banking, but you have to leave a positive balance in the account to qualify
Yes, currently, but back in 2008 Capitec was available (my account opened Aug 2008), with a higher interest rate than now (9 or 10%ish) and the monthly fee was like R3.50.