Discovery vs Investec

Interest rates compared

Last updated 2nd April 2025 by Walter

Introduction

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

You are more likely to find better interest rates at Investec than Discovery. Specifically, 44 out of 100 interest rates are better at Discovery than Investec. This means you are more likely to find a better interest rate at Investec 56% 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
Investec
8.75%
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 Investec, the best interest rate you can get is 8.75% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

Discovery vs Investec

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

Investment amount Discovery1Investec1 Winner 2
R100,000 for 18+
7.40%
6.93%
+
121
R250,000 for 18+
7.40%
7.13%
+
172
R1,000,000 for 18+
7.40%
7.38%
+
71
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Investec.
    A negative amount means that Investec 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 18). Investec's interest rate for the same terms is 7.38%. Over 3 months you will earn R71 more in interest at Discovery compared Investec.

6 month fixed deposit interest rates compared

Discovery vs Investec

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

Investment amount Discovery1Investec1 Winner 2
R100,000 for 18+
7.70%
7.53%
+
87
R100,000 for 55+
7.70%
7.77%
-
-34
R250,000 for 18+
7.70%
7.53%
+
217
R250,000 for 55+
7.70%
7.77%
-
-84
R1,000,000 for 18+
7.70%
7.53%
+
866
R1,000,000 for 55+
7.70%
7.77%
-
-337
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 7.77%. Over 6 months you will earn R337 less in interest at Discovery compared Investec.

1 year fixed deposit interest rates compared

Discovery vs Investec

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

Investment amount Discovery1Investec1 Winner 2
R100,000 for 18+
8.10%
8.05%
+
60
R100,000 for 55+
8.10%
8.25%
-
-160
R250,000 for 18+
8.10%
8.05%
+
150
R250,000 for 55+
8.10%
8.25%
-
-400
R1,000,000 for 18+
8.10%
8.05%
+
600
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 Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.25%. Over 12 months you will earn R1,600 less in interest at Discovery compared Investec.

2 year fixed deposit interest rates compared

Discovery vs Investec

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

Investment amount Discovery1Investec1 Winner 2
R100,000 for 18+
8.05%
7.93%
+
282
R100,000 for 55+
8.05%
8.08%
-
-87
R250,000 for 18+
8.05%
7.93%
+
704
R250,000 for 55+
8.05%
8.08%
-
-217
R1,000,000 for 18+
8.05%
7.93%
+
2,815
R1,000,000 for 55+
8.05%
8.08%
-
-867
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.08%. Over 2 years you will earn R867 less in interest at Discovery compared Investec.

5 year fixed deposit interest rates compared

Discovery vs Investec

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

Investment amount Discovery1Investec1 Winner 2
R100,000 for 18+
8.60%
8.60%
-
0
R100,000 for 55+
8.60%
8.75%
-
-1,131
R250,000 for 18+
8.60%
8.60%
-
0
R250,000 for 55+
8.60%
8.75%
-
-2,826
R1,000,000 for 18+
8.60%
8.60%
-
0
R1,000,000 for 55+
8.60%
8.75%
-
-11,305
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.75%. Over 5 years you will earn R11,305 less in interest at Discovery compared Investec.

How do Discovery interest rates compare to other banks?