FNB vs Discovery

Interest rates compared

Last updated 2nd June 2026 by Walter

Introduction

This fixed deposit comparison page compares FNB interest rates to Discovery interest rates. All the interest rates shown are sourced from the FNB and Discovery websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd June 2026.

How do FNB fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Discovery than FNB. Specifically, 4 out of 100 interest rates are better at FNB than Discovery. This means you are more likely to find a better interest rate at Discovery 96% 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)

FNB
7.60%
best rate
Discovery
7.50%
best rate

The best interest rate you can get at FNB is 7.6% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at Discovery, the best interest rate you can get is 7.5% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

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

3 month fixed deposit interest rates compared

FNB vs Discovery

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

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.20%
6.60%
-
-10
R100,000 for 18+
6.20%
6.60%
-
-101
R250,000 for 18+
6.30%
6.60%
-
-190
R1,000,000 for 18+
6.50%
6.60%
-
-253
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 6.5% interest rate at FNB for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.60%. Over 3 months you will earn R253 less in interest at FNB compared Discovery.

6 month fixed deposit interest rates compared

FNB vs Discovery

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

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.45%
6.80%
-
-18
R100,000 for 18+
6.45%
6.80%
-
-180
R250,000 for 18+
6.55%
6.80%
-
-321
R1,000,000 for 18+
6.75%
6.80%
-
-257
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 6.75% interest rate at FNB for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.80%. Over 6 months you will earn R257 less in interest at FNB compared Discovery.

1 year fixed deposit interest rates compared

FNB vs Discovery

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

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.75%
7.05%
-
-32
R100,000 for 18+
6.75%
7.05%
-
-320
R250,000 for 18+
6.85%
7.05%
-
-533
R1,000,000 for 18+
7.05%
7.05%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.05% interest rate at FNB for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 7.05%. Over 12 months you will earn R0 less in interest at FNB compared Discovery.

2 year fixed deposit interest rates compared

FNB vs Discovery

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

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.85%
7.15%
-
-69
R100,000 for 18+
6.85%
7.15%
-
-686
R250,000 for 18+
6.95%
7.15%
-
-1,144
R1,000,000 for 18+
7.15%
7.15%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.15% interest rate at FNB for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 7.15%. Over 2 years you will earn R0 less in interest at FNB compared Discovery.

3 year fixed deposit interest rates compared

FNB vs Discovery

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

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.90%
7.30%
-
-148
R100,000 for 18+
6.90%
7.30%
-
-1,475
R250,000 for 18+
7.00%
7.30%
-
-2,770
R1,000,000 for 18+
7.20%
7.30%
-
-3,704
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.2% interest rate at FNB for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 7.30%. Over 3 years you will earn R3,704 less in interest at FNB compared Discovery.

5 year fixed deposit interest rates compared

FNB vs Discovery

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

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
7.30%
7.50%
-
-144
R100,000 for 18+
7.30%
7.50%
-
-1,437
R250,000 for 18+
7.40%
7.50%
-
-1,801
R1,000,000 for 18+
7.60%
7.50%
+
7,239
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.6% interest rate at FNB for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 7.50%. Over 5 years you will earn R7,239 more in interest at FNB compared Discovery.

How do FNB interest rates compare to other banks?