Discovery vs Standard Bank

Interest rates compared

Last updated 4th June 2025 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to Standard Bank interest rates. All the interest rates shown are sourced from the Discovery and Standard Bank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th June 2025.

How do Discovery fixed deposit interest rates compare to Standard Bank ?

You are more likely to find better interest rates at Discovery than Standard Bank. Specifically, 96 out of 100 interest rates are better at Discovery than Standard Bank. This means you are more likely to find a better interest rate at Standard Bank 4% 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
8.50%
best rate
Standard Bank
8.51%
best rate

The best interest rate you can get at Discovery is 8.5% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 . Whilst at Standard Bank, the best interest rate you can get is 8.51% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

Discovery vs Standard Bank

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

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
7.40%
6.73%
+
17
R10,000 for 55+
7.40%
7.23%
+
4
R100,000 for 18+
7.40%
7.26%
+
35
R100,000 for 55+
7.40%
7.26%
+
35
R250,000 for 18+
7.40%
7.26%
+
89
R250,000 for 55+
7.40%
7.26%
+
89
R1,000,000 for 18+
7.40%
7.36%
+
118
R1,000,000 for 55+
7.40%
7.36%
+
118
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 7.36%. Over 3 months you will earn R118 more in interest at Discovery compared Standard Bank.

6 month fixed deposit interest rates compared

Discovery vs Standard Bank

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

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
7.55%
6.78%
+
40
R10,000 for 55+
7.55%
7.28%
+
14
R100,000 for 18+
7.55%
7.31%
+
125
R100,000 for 55+
7.55%
7.31%
+
125
R250,000 for 18+
7.55%
7.31%
+
313
R250,000 for 55+
7.55%
7.31%
+
313
R1,000,000 for 18+
7.55%
7.41%
+
723
R1,000,000 for 55+
7.55%
7.41%
+
723
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 7.41%. Over 6 months you will earn R723 more in interest at Discovery compared Standard Bank.

1 year fixed deposit interest rates compared

Discovery vs Standard Bank

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

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
8.00%
7.00%
+
107
R10,000 for 55+
8.00%
7.50%
+
54
R100,000 for 18+
8.00%
7.38%
+
660
R100,000 for 55+
8.00%
7.38%
+
660
R250,000 for 18+
8.00%
7.38%
+
1,650
R250,000 for 55+
8.00%
7.38%
+
1,650
R1,000,000 for 18+
8.00%
7.49%
+
5,500
R1,000,000 for 55+
8.00%
7.49%
+
5,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Standard Bank.
    A negative amount means that Standard Bank offers more than Discovery.
How to read this table?

You get a 8% interest rate at Discovery for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.49%. Over 12 months you will earn R5,500 more in interest at Discovery compared Standard Bank.

2 year fixed deposit interest rates compared

Discovery vs Standard Bank

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

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
7.90%
7.40%
+
114
R10,000 for 55+
7.90%
7.90%
-
0
R100,000 for 18+
7.90%
7.75%
+
346
R100,000 for 55+
7.90%
7.75%
+
346
R250,000 for 18+
7.90%
7.75%
+
865
R250,000 for 55+
7.90%
7.75%
+
865
R1,000,000 for 18+
7.90%
7.75%
+
3,460
R1,000,000 for 55+
7.90%
7.75%
+
3,460
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Standard Bank.
    A negative amount means that Standard Bank offers more than Discovery.
How to read this table?

You get a 7.9% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.75%. Over 2 years you will earn R3,460 more in interest at Discovery compared Standard Bank.

3 year fixed deposit interest rates compared

Discovery vs Standard Bank

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

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
8.10%
7.51%
+
224
R10,000 for 55+
8.10%
8.01%
+
35
R100,000 for 18+
8.10%
7.87%
+
879
R100,000 for 55+
8.10%
7.87%
+
879
R250,000 for 18+
8.10%
7.87%
+
2,199
R250,000 for 55+
8.10%
7.87%
+
2,199
R1,000,000 for 18+
8.10%
7.87%
+
8,794
R1,000,000 for 55+
8.10%
7.87%
+
8,794
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Standard Bank.
    A negative amount means that Standard Bank 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 3 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 7.87%. Over 3 years you will earn R8,794 more in interest at Discovery compared Standard Bank.

5 year fixed deposit interest rates compared

Discovery vs Standard Bank

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

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
8.50%
8.01%
+
368
R10,000 for 55+
8.50%
8.51%
-
-7
R100,000 for 18+
8.50%
8.41%
+
700
R100,000 for 55+
8.50%
8.41%
+
700
R250,000 for 18+
8.50%
8.41%
+
1,751
R250,000 for 55+
8.50%
8.41%
+
1,751
R1,000,000 for 18+
8.50%
8.41%
+
7,004
R1,000,000 for 55+
8.50%
8.41%
+
7,004
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Standard Bank.
    A negative amount means that Standard Bank offers more than Discovery.
How to read this table?

You get a 8.5% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Standard Bank's interest rate for the same terms is 8.41%. Over 5 years you will earn R7,004 more in interest at Discovery compared Standard Bank.

How do Discovery interest rates compare to other banks?