Capitec Bank
Interest rates goes up savings rate goes down!!!

As we all know the interest rate has as of 1 Feb 2014 gone up by 0.5%, to my shock and horror I have noticed that Capitac Bank has actually dropped their savings account interest rate from 5% for below R10000, to just 4.4%. That is a reduction of 0.6%, meaning I will now earn even less interest than before the increase, instead of more.

How in the world can you justify this Capitec Bank, we are trying to save but get around every corner, not just by the Big4 but also now by the smaller banks.

Company: Capitec Bank
Country: South Africa
City: South Africa

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