Discovery vs Access Bank Plc

Interest rates compared

Last updated 2nd April 2025 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to Access Bank Plc interest rates. All the interest rates shown are sourced from the Discovery and Access Bank Plc 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 Access Bank Plc ?

You are more likely to find better interest rates at Access Bank Plc than Discovery. Specifically, 0 out of 100 interest rates are better at Discovery than Access Bank Plc. This means you are more likely to find a better interest rate at Access Bank Plc 100% 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
Access Bank Plc
9.50%
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 Access Bank Plc, the best interest rate you can get is 9.5% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

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

3 month fixed deposit interest rates compared

Discovery vs Access Bank Plc

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

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
7.40%
8.10%
-
-18
R10,000 for 55+
7.40%
8.10%
-
-18
R100,000 for 18+
7.40%
8.10%
-
-177
R100,000 for 55+
7.40%
8.10%
-
-177
R250,000 for 18+
7.40%
8.10%
-
-442
R250,000 for 55+
7.40%
8.10%
-
-442
R1,000,000 for 18+
7.40%
8.10%
-
-1,769
R1,000,000 for 55+
7.40%
8.10%
-
-1,769
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 8.10%. Over 3 months you will earn R1,769 less in interest at Discovery compared Access Bank Plc.

6 month fixed deposit interest rates compared

Discovery vs Access Bank Plc

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

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
7.70%
8.35%
-
-34
R10,000 for 55+
7.70%
8.35%
-
-34
R100,000 for 18+
7.70%
8.35%
-
-336
R100,000 for 55+
7.70%
8.35%
-
-336
R250,000 for 18+
7.70%
8.35%
-
-841
R250,000 for 55+
7.70%
8.35%
-
-841
R1,000,000 for 18+
7.70%
8.35%
-
-3,363
R1,000,000 for 55+
7.70%
8.35%
-
-3,363
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 8.35%. Over 6 months you will earn R3,363 less in interest at Discovery compared Access Bank Plc.

1 year fixed deposit interest rates compared

Discovery vs Access Bank Plc

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

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
8.10%
8.88%
-
-84
R10,000 for 55+
8.10%
8.88%
-
-84
R100,000 for 18+
8.10%
8.88%
-
-840
R100,000 for 55+
8.10%
8.88%
-
-840
R250,000 for 18+
8.10%
8.88%
-
-2,100
R250,000 for 55+
8.10%
8.88%
-
-2,100
R1,000,000 for 18+
8.10%
8.88%
-
-8,400
R1,000,000 for 55+
8.10%
8.88%
-
-8,400
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 8.88%. Over 12 months you will earn R8,400 less in interest at Discovery compared Access Bank Plc.

2 year fixed deposit interest rates compared

Discovery vs Access Bank Plc

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

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
8.05%
9.00%
-
-224
R10,000 for 55+
8.05%
9.00%
-
-224
R100,000 for 18+
8.05%
9.00%
-
-2,243
R100,000 for 55+
8.05%
9.00%
-
-2,243
R250,000 for 18+
8.05%
9.00%
-
-5,607
R250,000 for 55+
8.05%
9.00%
-
-5,607
R1,000,000 for 18+
8.05%
9.00%
-
-22,426
R1,000,000 for 55+
8.05%
9.00%
-
-22,426
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 9.00%. Over 2 years you will earn R22,426 less in interest at Discovery compared Access Bank Plc.

3 year fixed deposit interest rates compared

Discovery vs Access Bank Plc

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

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
8.20%
9.10%
-
-346
R10,000 for 55+
8.20%
9.10%
-
-346
R100,000 for 18+
8.20%
9.10%
-
-3,458
R100,000 for 55+
8.20%
9.10%
-
-3,458
R250,000 for 18+
8.20%
9.10%
-
-8,644
R250,000 for 55+
8.20%
9.10%
-
-8,644
R1,000,000 for 18+
8.20%
9.10%
-
-34,577
R1,000,000 for 55+
8.20%
9.10%
-
-34,577
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 9.10%. Over 3 years you will earn R34,577 less in interest at Discovery compared Access Bank Plc.

5 year fixed deposit interest rates compared

Discovery vs Access Bank Plc

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

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
8.60%
9.50%
-
-696
R10,000 for 55+
8.60%
9.50%
-
-696
R100,000 for 18+
8.60%
9.50%
-
-6,956
R100,000 for 55+
8.60%
9.50%
-
-6,956
R250,000 for 18+
8.60%
9.50%
-
-17,391
R250,000 for 55+
8.60%
9.50%
-
-17,391
R1,000,000 for 18+
8.60%
9.50%
-
-69,564
R1,000,000 for 55+
8.60%
9.50%
-
-69,564
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 9.50%. Over 5 years you will earn R69,564 less in interest at Discovery compared Access Bank Plc.