Discovery vs FNB

Interest rates compared

Last updated 2nd April 2025 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 April 2025.

How do Discovery fixed deposit interest rates compare to FNB ?

You are more likely to find better interest rates at Discovery than FNB. Specifically, 94 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 6% 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
FNB
8.60%
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 FNB, the best interest rate you can get is 8.6% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55.

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+
7.40%
6.90%
+
13
R10,000 for 55+
7.40%
7.00%
+
10
R100,000 for 18+
7.40%
6.90%
+
128
R100,000 for 55+
7.40%
7.00%
+
102
R250,000 for 18+
7.40%
7.00%
+
255
R250,000 for 55+
7.40%
7.10%
+
189
R1,000,000 for 18+
7.40%
7.20%
+
521
R1,000,000 for 55+
7.40%
7.30%
+
260
  • 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 7.4% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.30%. Over 3 months you will earn R260 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+
7.70%
7.05%
+
34
R10,000 for 55+
7.70%
7.15%
+
28
R100,000 for 18+
7.70%
7.05%
+
337
R100,000 for 55+
7.70%
7.15%
+
284
R250,000 for 18+
7.70%
7.15%
+
711
R250,000 for 55+
7.70%
7.25%
+
578
R1,000,000 for 18+
7.70%
7.35%
+
1,830
R1,000,000 for 55+
7.70%
7.50%
+
1,059
  • 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 7.7% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.50%. Over 6 months you will earn R1,059 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+
8.10%
7.55%
+
59
R10,000 for 55+
8.10%
7.95%
+
16
R100,000 for 18+
8.10%
7.55%
+
590
R100,000 for 55+
8.10%
7.95%
+
160
R250,000 for 18+
8.10%
7.65%
+
1,225
R250,000 for 55+
8.10%
8.05%
+
150
R1,000,000 for 18+
8.10%
7.85%
+
2,700
R1,000,000 for 55+
8.10%
8.25%
-
-1,600
  • 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 8.1% interest rate at Discovery for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.25%. Over 12 months you will earn R1,600 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+
8.05%
7.55%
+
115
R10,000 for 55+
8.05%
7.75%
+
69
R100,000 for 18+
8.05%
7.55%
+
1,146
R100,000 for 55+
8.05%
7.75%
+
692
R250,000 for 18+
8.05%
7.65%
+
2,325
R250,000 for 55+
8.05%
7.85%
+
1,137
R1,000,000 for 18+
8.05%
7.85%
+
4,546
R1,000,000 for 55+
8.05%
8.10%
-
-1,301
  • 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 8.05% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.10%. Over 2 years you will earn R1,301 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+
8.20%
7.65%
+
211
R10,000 for 55+
8.20%
7.75%
+
172
R100,000 for 18+
8.20%
7.65%
+
2,108
R100,000 for 55+
8.20%
7.75%
+
1,723
R250,000 for 18+
8.20%
7.75%
+
4,308
R250,000 for 55+
8.20%
7.85%
+
3,345
R1,000,000 for 18+
8.20%
7.95%
+
9,515
R1,000,000 for 55+
8.20%
8.10%
+
3,882
  • 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 8.2% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.10%. Over 3 years you will earn R3,882 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+
8.60%
8.05%
+
418
R10,000 for 55+
8.60%
8.25%
+
266
R100,000 for 18+
8.60%
8.05%
+
4,181
R100,000 for 55+
8.60%
8.25%
+
2,658
R250,000 for 18+
8.60%
8.15%
+
8,553
R250,000 for 55+
8.60%
8.35%
+
4,732
R1,000,000 for 18+
8.60%
8.35%
+
18,927
R1,000,000 for 55+
8.60%
8.60%
-
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 8.6% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.60%. Over 5 years you will earn R0 less in interest at Discovery compared FNB.