Discovery vs Investec

Interest rates compared

Last updated 1st July 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 4th July 2025.

How do Discovery fixed deposit interest rates compare to Investec ?

You are more likely to find better interest rates at Discovery than Investec. Specifically, 78 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 22% 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
8.35%
best rate
Investec
8.18%
best rate

The best interest rate you can get at Discovery is 8.35% 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 8.18% 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%
6.66%
+
187
R250,000 for 18+
7.40%
6.86%
+
344
R1,000,000 for 18+
7.40%
7.11%
+
734
  • 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 7.11%. Over 3 months you will earn R734 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+
7.55%
7.19%
+
188
R100,000 for 55+
7.55%
7.34%
+
111
R250,000 for 18+
7.55%
7.19%
+
470
R250,000 for 55+
7.55%
7.34%
+
277
R1,000,000 for 18+
7.55%
7.19%
+
1,880
R1,000,000 for 55+
7.55%
7.34%
+
1,108
  • 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 7.55% 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 7.34%. Over 6 months you will earn R1,108 more 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+
7.65%
7.95%
-
-330
R100,000 for 55+
7.65%
8.05%
-
-430
R250,000 for 18+
7.65%
7.95%
-
-825
R250,000 for 55+
7.65%
8.05%
-
-1,075
R1,000,000 for 18+
7.65%
7.95%
-
-3,300
R1,000,000 for 55+
7.65%
8.05%
-
-4,300
  • 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 7.65% 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 8.05%. Over 12 months you will earn R4,300 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+
7.70%
7.47%
+
539
R100,000 for 55+
7.70%
7.62%
+
194
R250,000 for 18+
7.70%
7.47%
+
1,348
R250,000 for 55+
7.70%
7.62%
+
486
R1,000,000 for 18+
7.70%
7.47%
+
5,393
R1,000,000 for 55+
7.70%
7.62%
+
1,943
  • 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 2 year fixed deposit (if you are older than 55). Investec's interest rate for the same terms is 7.62%. Over 2 years you will earn R1,943 more 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+
8.35%
8.03%
+
2,426
R100,000 for 55+
8.35%
8.18%
+
1,321
R250,000 for 18+
8.35%
8.03%
+
6,064
R250,000 for 55+
8.35%
8.18%
+
3,302
R1,000,000 for 18+
8.35%
8.03%
+
24,257
R1,000,000 for 55+
8.35%
8.18%
+
13,207
  • 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 8.35% 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 8.18%. Over 5 years you will earn R13,207 more in interest at Discovery compared Investec.

How do Discovery interest rates compare to other banks?