Discovery vs FNB

Interest rates compared

Last updated 31st July 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 31st July 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, 100 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 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
7.85%
best rate
FNB
7.60%
best rate

The best interest rate you can get at Discovery is 7.85% 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+
6.85%
6.20%
+
16
R100,000 for 18+
6.85%
6.20%
+
164
R250,000 for 18+
6.85%
6.30%
+
348
R1,000,000 for 18+
6.85%
6.50%
+
885
  • 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 6.85% 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 R885 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+
7.05%
6.45%
+
31
R100,000 for 18+
7.05%
6.45%
+
309
R250,000 for 18+
7.05%
6.55%
+
643
R1,000,000 for 18+
7.05%
6.75%
+
1,544
  • 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 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 R1,544 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+
7.40%
6.75%
+
69
R100,000 for 18+
7.40%
6.75%
+
693
R250,000 for 18+
7.40%
6.85%
+
1,468
R1,000,000 for 18+
7.40%
7.05%
+
3,739
  • 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 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 R3,739 more 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+
7.50%
6.85%
+
149
R100,000 for 18+
7.50%
6.85%
+
1,491
R250,000 for 18+
7.50%
6.95%
+
3,157
R1,000,000 for 18+
7.50%
7.15%
+
8,052
  • 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 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 R8,052 more 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+
7.65%
6.90%
+
278
R100,000 for 18+
7.65%
6.90%
+
2,780
R250,000 for 18+
7.65%
7.00%
+
6,032
R1,000,000 for 18+
7.65%
7.20%
+
16,753
  • 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 7.65% 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 R16,753 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+
7.85%
7.30%
+
399
R100,000 for 18+
7.85%
7.30%
+
3,986
R250,000 for 18+
7.85%
7.40%
+
8,174
R1,000,000 for 18+
7.85%
7.60%
+
18,253
  • 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 7.85% 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 R18,253 more in interest at Discovery compared FNB.

How do Discovery interest rates compare to other banks?