Absa vs Discovery

Interest rates compared

Last updated 1st March 2026 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 1st March 2026.

How do Absa fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Discovery than Absa. Specifically, 11 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 89% 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
7.20%
best rate
Discovery
7.35%
best rate

The best interest rate you can get at Absa is 7.2% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 . Whilst at Discovery, the best interest rate you can get is 7.35% 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+
6.20%
6.60%
-
-10
R100,000 for 18+
6.25%
6.60%
-
-88
R250,000 for 18+
6.25%
6.60%
-
-221
R1,000,000 for 18+
6.35%
6.60%
-
-632
  • 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 6.35% interest rate at Absa for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.60%. Over 3 months you will earn R632 less 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+
6.65%
6.80%
-
-8
R100,000 for 18+
6.75%
6.80%
-
-26
R250,000 for 18+
6.75%
6.80%
-
-64
R1,000,000 for 18+
6.75%
6.80%
-
-257
  • 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 6.75% interest rate at Absa for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.80%. Over 6 months you will earn R257 less 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+
6.75%
7.00%
-
-27
R100,000 for 18+
7.01%
7.00%
+
11
R250,000 for 18+
7.01%
7.00%
+
27
R1,000,000 for 18+
7.01%
7.00%
+
107
  • 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 7.01% interest rate at Absa for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 7.00%. Over 12 months you will earn R107 more in interest at Absa compared Discovery.

1.5 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 1.5 year fixed deposit.

Investment amount Absa1Discovery1 Winner 2
R10,000 for 18+
6.55%
6.85%
-
-49
R100,000 for 18+
6.65%
6.85%
-
-330
R250,000 for 18+
6.65%
6.85%
-
-825
R1,000,000 for 18+
6.75%
6.85%
-
-1,651
  • 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 6.75% interest rate at Absa for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.85%. Over 1.5 years you will earn R1,651 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+
6.50%
6.90%
-
-91
R100,000 for 18+
6.50%
6.90%
-
-909
R250,000 for 18+
6.50%
6.90%
-
-2,273
R1,000,000 for 18+
6.55%
6.90%
-
-7,960
  • 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 6.55% interest rate at Absa for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.90%. Over 2 years you will earn R7,960 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+
6.65%
6.95%
-
-110
R100,000 for 18+
6.75%
6.95%
-
-732
R250,000 for 18+
6.75%
6.95%
-
-1,831
R1,000,000 for 18+
6.85%
6.95%
-
-3,667
  • 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 6.85% interest rate at Absa for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.95%. Over 3 years you will earn R3,667 less 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+
7.15%
7.35%
-
-143
R100,000 for 18+
7.20%
7.35%
-
-1,071
R250,000 for 18+
7.20%
7.35%
-
-2,678
R1,000,000 for 18+
7.20%
7.35%
-
-10,714
  • 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 7.2% interest rate at Absa for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 7.35%. Over 5 years you will earn R10,714 less in interest at Absa compared Discovery.

How do Absa interest rates compare to other banks?