Discovery vs SA Retail Bonds

Interest rates compared

Last updated 31st July 2026 by Walter

Introduction

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

You are more likely to find better interest rates at SA Retail Bonds than Discovery. Specifically, 0 out of 100 interest rates are better at Discovery than SA Retail Bonds. This means you are more likely to find a better interest rate at SA Retail Bonds 100% 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
SA Retail Bonds
8.75%
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 SA Retail Bonds, the best interest rate you can get is 8.75% for the 60-month fixed deposit. You will need a minimum deposit of R1 .

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

2 year fixed deposit interest rates compared

Discovery vs SA Retail Bonds

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

Investment amount Discovery1SA Retail Bonds1 Winner 2
R10,000 for 18+
7.50%
8.00%
-
-86
R100,000 for 18+
7.50%
8.00%
-
-857
R250,000 for 18+
7.50%
8.00%
-
-2,142
R1,000,000 for 18+
7.50%
8.00%
-
-8,567
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds 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). SA Retail Bonds's interest rate for the same terms is 8.00%. Over 2 years you will earn R8,567 less in interest at Discovery compared SA Retail Bonds.

3 year fixed deposit interest rates compared

Discovery vs SA Retail Bonds

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

Investment amount Discovery1SA Retail Bonds1 Winner 2
R10,000 for 18+
7.65%
8.25%
-
-174
R100,000 for 18+
7.65%
8.25%
-
-1,742
R250,000 for 18+
7.65%
8.25%
-
-4,354
R1,000,000 for 18+
7.65%
8.25%
-
-17,417
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds 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). SA Retail Bonds's interest rate for the same terms is 8.25%. Over 3 years you will earn R17,417 less in interest at Discovery compared SA Retail Bonds.

5 year fixed deposit interest rates compared

Discovery vs SA Retail Bonds

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

Investment amount Discovery1SA Retail Bonds1 Winner 2
R10,000 for 18+
7.85%
8.75%
-
-557
R100,000 for 18+
7.85%
8.75%
-
-5,571
R250,000 for 18+
7.85%
8.75%
-
-13,927
R1,000,000 for 18+
7.85%
8.75%
-
-55,706
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds 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). SA Retail Bonds's interest rate for the same terms is 8.75%. Over 5 years you will earn R55,706 less in interest at Discovery compared SA Retail Bonds.

How do Discovery interest rates compare to other banks?