Discovery vs Absa

Interest rates compared

Last updated 2nd April 2025 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to Absa interest rates. All the interest rates shown are sourced from the Discovery and Absa websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd April 2025.

How do Discovery fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Discovery than Absa. Specifically, 67 out of 100 interest rates are better at Discovery than Absa. This means you are more likely to find a better interest rate at Absa 33% 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)

Discovery
8.60%
best rate
Absa
8.50%
best rate

The best interest rate you can get at Discovery is 8.6% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 . Whilst at Absa, the best interest rate you can get is 8.5% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
7.40%
7.30%
+
3
R10,000 for 55+
7.40%
7.45%
-
-1
R100,000 for 18+
7.40%
7.30%
+
26
R100,000 for 55+
7.40%
7.45%
-
-12
R250,000 for 18+
7.40%
7.30%
+
65
R250,000 for 55+
7.40%
7.45%
-
-30
R1,000,000 for 18+
7.40%
7.30%
+
260
R1,000,000 for 55+
7.40%
7.45%
-
-118
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 7.4% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.45%. Over 3 months you will earn R118 less in interest at Discovery compared Absa.

6 month fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
7.70%
7.85%
-
-8
R10,000 for 55+
7.70%
7.90%
-
-10
R100,000 for 18+
7.70%
7.85%
-
-77
R100,000 for 55+
7.70%
7.90%
-
-101
R250,000 for 18+
7.70%
7.85%
-
-192
R250,000 for 55+
7.70%
7.90%
-
-252
R1,000,000 for 18+
7.70%
7.85%
-
-770
R1,000,000 for 55+
7.70%
7.90%
-
-1,010
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 7.7% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.90%. Over 6 months you will earn R1,010 less in interest at Discovery compared Absa.

1 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.10%
7.90%
+
22
R10,000 for 55+
8.10%
7.95%
+
16
R100,000 for 18+
8.10%
7.90%
+
220
R100,000 for 55+
8.10%
7.95%
+
160
R250,000 for 18+
8.10%
7.90%
+
550
R250,000 for 55+
8.10%
7.95%
+
400
R1,000,000 for 18+
8.10%
7.90%
+
2,200
R1,000,000 for 55+
8.10%
7.95%
+
1,600
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8.1% interest rate at Discovery for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.95%. Over 12 months you will earn R1,600 more in interest at Discovery compared Absa.

2 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.05%
7.85%
+
45
R10,000 for 55+
8.05%
7.90%
+
35
R100,000 for 18+
8.05%
7.85%
+
455
R100,000 for 55+
8.05%
7.90%
+
346
R250,000 for 18+
8.05%
7.85%
+
1,137
R250,000 for 55+
8.05%
7.90%
+
866
R1,000,000 for 18+
8.05%
7.85%
+
4,546
R1,000,000 for 55+
8.05%
7.90%
+
3,465
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8.05% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.90%. Over 2 years you will earn R3,465 more in interest at Discovery compared Absa.

3 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.20%
8.10%
+
39
R10,000 for 55+
8.20%
8.30%
-
-35
R100,000 for 18+
8.20%
8.10%
+
388
R100,000 for 55+
8.20%
8.30%
-
-354
R250,000 for 18+
8.20%
8.10%
+
971
R250,000 for 55+
8.20%
8.30%
-
-884
R1,000,000 for 18+
8.20%
8.10%
+
3,882
R1,000,000 for 55+
8.20%
8.30%
-
-3,536
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8.2% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.30%. Over 3 years you will earn R3,536 less in interest at Discovery compared Absa.

5 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.60%
8.45%
+
112
R10,000 for 55+
8.60%
8.50%
+
77
R100,000 for 18+
8.60%
8.45%
+
1,124
R100,000 for 55+
8.60%
8.50%
+
773
R250,000 for 18+
8.60%
8.45%
+
2,810
R250,000 for 55+
8.60%
8.50%
+
1,933
R1,000,000 for 18+
8.60%
8.45%
+
11,239
R1,000,000 for 55+
8.60%
8.50%
+
7,734
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8.6% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.50%. Over 5 years you will earn R7,734 more in interest at Discovery compared Absa.

How do Discovery interest rates compare to other banks?