Discovery vs GoTyme Bank

Interest rates compared

Last updated 31st July 2026 by Walter

Introduction

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

You are more likely to find better interest rates at GoTyme Bank than Discovery. Specifically, 0 out of 100 interest rates are better at Discovery than GoTyme Bank. This means you are more likely to find a better interest rate at GoTyme Bank 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
7.65%
best rate
GoTyme Bank
8.58%
best rate

The best interest rate you can get at Discovery is 7.65% for the 36-month fixed deposit. You will need a minimum deposit of R10,000 . Whilst at GoTyme Bank, the best interest rate you can get is 8.5841% for the 36-month fixed deposit. You will need a minimum deposit of R1 .

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

3 month fixed deposit interest rates compared

Discovery vs GoTyme Bank

This table shows Discovery's and GoTyme 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 Discovery1GoTyme Bank1 Winner 2
R10,000 for 18+
6.85%
7.70%
-
-22
R100,000 for 18+
6.85%
7.70%
-
-216
R250,000 for 18+
6.85%
7.70%
-
-539
R1,000,000 for 18+
6.85%
7.70%
-
-2,156
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above GoTyme Bank.
    A negative amount means that GoTyme 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). GoTyme Bank's interest rate for the same terms is 7.70%. Over 3 months you will earn R2,156 less in interest at Discovery compared GoTyme Bank.

6 month fixed deposit interest rates compared

Discovery vs GoTyme Bank

This table shows Discovery's and GoTyme 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 Discovery1GoTyme Bank1 Winner 2
R10,000 for 18+
7.05%
8.11%
-
-55
R100,000 for 18+
7.05%
8.11%
-
-548
R250,000 for 18+
7.05%
8.11%
-
-1,369
R1,000,000 for 18+
7.05%
8.11%
-
-5,477
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above GoTyme Bank.
    A negative amount means that GoTyme 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). GoTyme Bank's interest rate for the same terms is 8.11%. Over 6 months you will earn R5,477 less in interest at Discovery compared GoTyme Bank.

1 year fixed deposit interest rates compared

Discovery vs GoTyme Bank

This table shows Discovery's and GoTyme 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 Discovery1GoTyme Bank1 Winner 2
R10,000 for 18+
7.40%
8.42%
-
-109
R100,000 for 18+
7.40%
8.42%
-
-1,094
R250,000 for 18+
7.40%
8.42%
-
-2,734
R1,000,000 for 18+
7.40%
8.42%
-
-10,937
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above GoTyme Bank.
    A negative amount means that GoTyme 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). GoTyme Bank's interest rate for the same terms is 8.42%. Over 12 months you will earn R10,937 less in interest at Discovery compared GoTyme Bank.

2 year fixed deposit interest rates compared

Discovery vs GoTyme Bank

This table shows Discovery's and GoTyme 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 Discovery1GoTyme Bank1 Winner 2
R10,000 for 18+
7.50%
8.52%
-
-238
R100,000 for 18+
7.50%
8.52%
-
-2,376
R250,000 for 18+
7.50%
8.52%
-
-5,939
R1,000,000 for 18+
7.50%
8.52%
-
-23,757
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above GoTyme Bank.
    A negative amount means that GoTyme 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). GoTyme Bank's interest rate for the same terms is 8.52%. Over 2 years you will earn R23,757 less in interest at Discovery compared GoTyme Bank.

3 year fixed deposit interest rates compared

Discovery vs GoTyme Bank

This table shows Discovery's and GoTyme 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 Discovery1GoTyme Bank1 Winner 2
R10,000 for 18+
7.65%
8.58%
-
-355
R100,000 for 18+
7.65%
8.58%
-
-3,548
R250,000 for 18+
7.65%
8.58%
-
-8,870
R1,000,000 for 18+
7.65%
8.58%
-
-35,481
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above GoTyme Bank.
    A negative amount means that GoTyme 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). GoTyme Bank's interest rate for the same terms is 8.58%. Over 3 years you will earn R35,481 less in interest at Discovery compared GoTyme Bank.

How do Discovery interest rates compare to other banks?