Absa vs Discovery

Interest rates compared

Last updated 1st July 2025 by Walter

Introduction

This fixed deposit comparison page compares Absa interest rates to Discovery interest rates. All the interest rates shown are sourced from the Absa and Discovery websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th July 2025.

How do Absa fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Discovery than Absa. Specifically, 33 out of 100 interest rates are better at Absa than Discovery. This means you are more likely to find a better interest rate at Discovery 67% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

Absa
8.30%
best rate
Discovery
8.35%
best rate

The best interest rate you can get at Absa is 8.3% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55. Whilst at Discovery, the best interest rate you can get is 8.35% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

But how do interest rates at Absa compare to Discovery across different terms and investment amounts?

3 month fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
7.30%
7.40%
-
-3
R10,000 for 18+
7.30%
7.40%
-
-3
R10,000 for 55+
7.45%
7.40%
+
1
R10,000 for 55+
7.45%
7.40%
+
1
R100,000 for 18+
7.30%
7.40%
-
-26
R100,000 for 18+
7.30%
7.40%
-
-26
R100,000 for 55+
7.45%
7.40%
+
12
R100,000 for 55+
7.45%
7.40%
+
12
R250,000 for 18+
7.30%
7.40%
-
-65
R250,000 for 18+
7.30%
7.40%
-
-65
R250,000 for 55+
7.45%
7.40%
+
30
R250,000 for 55+
7.45%
7.40%
+
30
R1,000,000 for 18+
7.30%
7.40%
-
-260
R1,000,000 for 18+
7.30%
7.40%
-
-260
R1,000,000 for 55+
7.45%
7.40%
+
118
R1,000,000 for 55+
7.45%
7.40%
+
118
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.45% interest rate at Absa for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.40%. Over 3 months you will earn R118 more in interest at Absa compared Discovery.

6 month fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
7.65%
7.55%
+
5
R10,000 for 18+
7.65%
7.55%
+
5
R10,000 for 55+
7.70%
7.55%
+
8
R10,000 for 55+
7.70%
7.55%
+
8
R100,000 for 18+
7.65%
7.55%
+
48
R100,000 for 18+
7.65%
7.55%
+
48
R100,000 for 55+
7.70%
7.55%
+
77
R100,000 for 55+
7.70%
7.55%
+
77
R250,000 for 18+
7.65%
7.55%
+
120
R250,000 for 18+
7.65%
7.55%
+
120
R250,000 for 55+
7.70%
7.55%
+
193
R250,000 for 55+
7.70%
7.55%
+
193
R1,000,000 for 18+
7.65%
7.55%
+
481
R1,000,000 for 18+
7.65%
7.55%
+
481
R1,000,000 for 55+
7.70%
7.55%
+
770
R1,000,000 for 55+
7.70%
7.55%
+
770
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.7% interest rate at Absa for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.55%. Over 6 months you will earn R770 more in interest at Absa compared Discovery.

1 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
7.55%
7.65%
-
-10
R10,000 for 18+
7.55%
7.65%
-
-10
R10,000 for 55+
7.60%
7.65%
-
-5
R10,000 for 55+
7.60%
7.65%
-
-5
R100,000 for 18+
7.55%
7.65%
-
-100
R100,000 for 18+
7.55%
7.65%
-
-100
R100,000 for 55+
7.60%
7.65%
-
-50
R100,000 for 55+
7.60%
7.65%
-
-50
R250,000 for 18+
7.55%
7.65%
-
-250
R250,000 for 18+
7.55%
7.65%
-
-250
R250,000 for 55+
7.60%
7.65%
-
-125
R250,000 for 55+
7.60%
7.65%
-
-125
R1,000,000 for 18+
7.55%
7.65%
-
-1,000
R1,000,000 for 18+
7.55%
7.65%
-
-1,000
R1,000,000 for 55+
7.60%
7.65%
-
-500
R1,000,000 for 55+
7.60%
7.65%
-
-500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.6% interest rate at Absa for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.65%. Over 12 months you will earn R500 less in interest at Absa compared Discovery.

2 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
7.55%
7.70%
-
-35
R10,000 for 18+
7.55%
7.70%
-
-35
R10,000 for 55+
7.60%
7.70%
-
-24
R10,000 for 55+
7.60%
7.70%
-
-24
R100,000 for 18+
7.55%
7.70%
-
-345
R100,000 for 18+
7.55%
7.70%
-
-345
R100,000 for 55+
7.60%
7.70%
-
-237
R100,000 for 55+
7.60%
7.70%
-
-237
R250,000 for 18+
7.55%
7.70%
-
-863
R250,000 for 18+
7.55%
7.70%
-
-863
R250,000 for 55+
7.60%
7.70%
-
-594
R250,000 for 55+
7.60%
7.70%
-
-594
R1,000,000 for 18+
7.55%
7.70%
-
-3,453
R1,000,000 for 18+
7.55%
7.70%
-
-3,453
R1,000,000 for 55+
7.60%
7.70%
-
-2,374
R1,000,000 for 55+
7.60%
7.70%
-
-2,374
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.6% interest rate at Absa for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.70%. Over 2 years you will earn R2,374 less in interest at Absa compared Discovery.

3 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
7.75%
7.85%
-
-39
R10,000 for 18+
7.75%
7.85%
-
-39
R10,000 for 55+
7.95%
7.85%
+
39
R10,000 for 55+
7.95%
7.85%
+
39
R100,000 for 18+
7.75%
7.85%
-
-386
R100,000 for 18+
7.75%
7.85%
-
-386
R100,000 for 55+
7.95%
7.85%
+
386
R100,000 for 55+
7.95%
7.85%
+
386
R250,000 for 18+
7.75%
7.85%
-
-964
R250,000 for 18+
7.75%
7.85%
-
-964
R250,000 for 55+
7.95%
7.85%
+
966
R250,000 for 55+
7.95%
7.85%
+
966
R1,000,000 for 18+
7.75%
7.85%
-
-3,855
R1,000,000 for 18+
7.75%
7.85%
-
-3,855
R1,000,000 for 55+
7.95%
7.85%
+
3,863
R1,000,000 for 55+
7.95%
7.85%
+
3,863
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.95% interest rate at Absa for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.85%. Over 3 years you will earn R3,863 more in interest at Absa compared Discovery.

5 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
8.25%
8.35%
-
-77
R10,000 for 18+
8.25%
8.35%
-
-77
R10,000 for 55+
8.30%
8.35%
-
-42
R10,000 for 55+
8.30%
8.35%
-
-42
R100,000 for 18+
8.25%
8.35%
-
-766
R100,000 for 18+
8.25%
8.35%
-
-766
R100,000 for 55+
8.30%
8.35%
-
-418
R100,000 for 55+
8.30%
8.35%
-
-418
R250,000 for 18+
8.25%
8.35%
-
-1,914
R250,000 for 18+
8.25%
8.35%
-
-1,914
R250,000 for 55+
8.30%
8.35%
-
-1,045
R250,000 for 55+
8.30%
8.35%
-
-1,045
R1,000,000 for 18+
8.25%
8.35%
-
-7,657
R1,000,000 for 18+
8.25%
8.35%
-
-7,657
R1,000,000 for 55+
8.30%
8.35%
-
-4,181
R1,000,000 for 55+
8.30%
8.35%
-
-4,181
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 8.3% interest rate at Absa for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 8.35%. Over 5 years you will earn R4,181 less in interest at Absa compared Discovery.