Discovery vs FNB

Interest rates compared

Last updated 2nd June 2026 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to FNB interest rates. All the interest rates shown are sourced from the Discovery and FNB websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd June 2026.

How do Discovery fixed deposit interest rates compare to FNB ?

You are more likely to find better interest rates at Discovery than FNB. Specifically, 88 out of 100 interest rates are better at Discovery than FNB. This means you are more likely to find a better interest rate at FNB 12% 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
7.50%
best rate
FNB
7.60%
best rate

The best interest rate you can get at Discovery is 7.5% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 . Whilst at FNB, the best interest rate you can get is 7.6% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

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

3 month fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
6.60%
6.20%
+
10
R100,000 for 18+
6.60%
6.20%
+
101
R250,000 for 18+
6.60%
6.30%
+
190
R1,000,000 for 18+
6.60%
6.50%
+
253
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

You get a 6.6% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.50%. Over 3 months you will earn R253 more in interest at Discovery compared FNB.

6 month fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
6.80%
6.45%
+
18
R100,000 for 18+
6.80%
6.45%
+
180
R250,000 for 18+
6.80%
6.55%
+
321
R1,000,000 for 18+
6.80%
6.75%
+
257
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

You get a 6.8% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.75%. Over 6 months you will earn R257 more in interest at Discovery compared FNB.

1 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.05%
6.75%
+
32
R100,000 for 18+
7.05%
6.75%
+
320
R250,000 for 18+
7.05%
6.85%
+
533
R1,000,000 for 18+
7.05%
7.05%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB 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 1 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 7.05%. Over 12 months you will earn R0 less in interest at Discovery compared FNB.

2 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.15%
6.85%
+
69
R100,000 for 18+
7.15%
6.85%
+
686
R250,000 for 18+
7.15%
6.95%
+
1,144
R1,000,000 for 18+
7.15%
7.15%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

You get a 7.15% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 7.15%. Over 2 years you will earn R0 less in interest at Discovery compared FNB.

3 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.30%
6.90%
+
148
R100,000 for 18+
7.30%
6.90%
+
1,475
R250,000 for 18+
7.30%
7.00%
+
2,770
R1,000,000 for 18+
7.30%
7.20%
+
3,704
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

You get a 7.3% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 7.20%. Over 3 years you will earn R3,704 more in interest at Discovery compared FNB.

5 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.50%
7.30%
+
144
R100,000 for 18+
7.50%
7.30%
+
1,437
R250,000 for 18+
7.50%
7.40%
+
1,801
R1,000,000 for 18+
7.50%
7.60%
-
-7,239
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB 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 5 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 7.60%. Over 5 years you will earn R7,239 less in interest at Discovery compared FNB.

How do Discovery interest rates compare to other banks?