Discovery vs Access Bank Plc

Interest rates compared

Last updated 2nd October 2026 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 October 2026.

How do Discovery fixed deposit interest rates compare to Access Bank Plc ?

You are more likely to find better interest rates at Discovery than Access Bank Plc. Specifically, 100 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 0% 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
8.25%
best rate
Access Bank Plc
5.50%
best rate

The best interest rate you can get at Discovery is 8.25% 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 5.5% for the 18-month fixed deposit. You will need a minimum deposit of R0 .

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+
6.85%
5.30%
+
39
R100,000 for 18+
6.85%
5.30%
+
391
R250,000 for 18+
6.85%
5.30%
+
979
R1,000,000 for 18+
6.85%
5.30%
+
3,914
  • 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 6.85% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.30%. Over 3 months you will earn R3,914 more 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+
7.05%
5.30%
+
90
R100,000 for 18+
7.05%
5.30%
+
898
R250,000 for 18+
7.05%
5.30%
+
2,244
R1,000,000 for 18+
7.05%
5.30%
+
8,977
  • 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 7.05% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.30%. Over 6 months you will earn R8,977 more 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+
7.50%
5.30%
+
233
R100,000 for 18+
7.50%
5.30%
+
2,333
R250,000 for 18+
7.50%
5.30%
+
5,831
R1,000,000 for 18+
7.50%
5.30%
+
23,326
  • 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 7.5% interest rate at Discovery for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.30%. Over 12 months you will earn R23,326 more in interest at Discovery compared Access Bank Plc.

1.5 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 1.5 year fixed deposit.

Investment amount Discovery1Access Bank Plc1 Winner 2
R10,000 for 18+
7.60%
5.50%
+
346
R100,000 for 18+
7.60%
5.50%
+
3,456
R250,000 for 18+
7.60%
5.50%
+
8,639
R1,000,000 for 18+
7.60%
5.50%
+
34,555
  • 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 7.6% interest rate at Discovery for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.50%. Over 1.5 years you will earn R34,555 more 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+
7.75%
5.50%
+
511
R100,000 for 18+
7.75%
5.50%
+
5,108
R250,000 for 18+
7.75%
5.50%
+
12,770
R1,000,000 for 18+
7.75%
5.50%
+
51,079
  • 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 7.75% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.50%. Over 2 years you will earn R51,079 more 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+
7.90%
5.50%
+
875
R100,000 for 18+
7.90%
5.50%
+
8,751
R250,000 for 18+
7.90%
5.50%
+
21,877
R1,000,000 for 18+
7.90%
5.50%
+
87,508
  • 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 7.9% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.50%. Over 3 years you will earn R87,508 more 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+
8.25%
5.50%
+
1,928
R100,000 for 18+
8.25%
5.50%
+
19,276
R250,000 for 18+
8.25%
5.50%
+
48,189
R1,000,000 for 18+
8.25%
5.50%
+
192,755
  • 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 8.25% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Access Bank Plc's interest rate for the same terms is 5.50%. Over 5 years you will earn R192,755 more in interest at Discovery compared Access Bank Plc.

How do Discovery interest rates compare to other banks?