Discovery vs Standard Bank

Interest rates compared

Last updated 31st July 2026 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 31st July 2026.

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, 54 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 46% 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
Standard Bank
7.97%
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 Standard Bank, the best interest rate you can get is 7.972156797760377% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 .

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+
6.85%
6.02%
+
21
R100,000 for 18+
6.85%
6.61%
+
61
R250,000 for 18+
6.85%
6.61%
+
152
R1,000,000 for 18+
6.85%
6.70%
+
369
  • 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 6.85% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.70%. Over 3 months you will earn R369 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+
7.05%
6.13%
+
48
R100,000 for 18+
7.05%
6.74%
+
161
R250,000 for 18+
7.05%
6.74%
+
403
R1,000,000 for 18+
7.05%
6.83%
+
1,127
  • 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 7.05% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.83%. Over 6 months you will earn R1,127 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+
7.40%
6.40%
+
107
R100,000 for 18+
7.40%
7.35%
+
56
R250,000 for 18+
7.40%
7.35%
+
141
R1,000,000 for 18+
7.40%
7.40%
-
-38
  • 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 1 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 7.40%. Over 12 months you will earn R38 less in interest at Discovery compared Standard Bank.

1.5 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 1.5 year fixed deposit.

Investment amount Discovery1Standard Bank1 Winner 2
R10,000 for 18+
7.45%
6.78%
+
110
R100,000 for 18+
7.45%
7.49%
-
-63
R250,000 for 18+
7.45%
7.49%
-
-157
R1,000,000 for 18+
7.45%
7.49%
-
-627
  • 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 7.45% interest rate at Discovery for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 7.49%. Over 1.5 years you will earn R627 less 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+
7.50%
6.84%
+
151
R100,000 for 18+
7.50%
7.57%
-
-165
R250,000 for 18+
7.50%
7.57%
-
-414
R1,000,000 for 18+
7.50%
7.57%
-
-1,655
  • 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 7.5% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 7.57%. Over 2 years you will earn R1,655 less 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+
7.65%
6.93%
+
269
R100,000 for 18+
7.65%
7.69%
-
-161
R250,000 for 18+
7.65%
7.69%
-
-402
R1,000,000 for 18+
7.65%
7.69%
-
-1,608
  • 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 7.65% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 7.69%. Over 3 years you will earn R1,608 less 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+
7.85%
7.11%
+
531
R100,000 for 18+
7.85%
7.97%
-
-900
R250,000 for 18+
7.85%
7.97%
-
-2,250
R1,000,000 for 18+
7.85%
7.97%
-
-9,000
  • 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 7.85% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 7.97%. Over 5 years you will earn R9,000 less in interest at Discovery compared Standard Bank.

How do Discovery interest rates compare to other banks?