Investec vs Discovery

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Investec interest rates to Discovery interest rates. All the interest rates shown are sourced from the Investec 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 September 2024.

How do Investec fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Investec than Discovery. Specifically, 100 out of 100 interest rates are better at Investec than Discovery. This means you are more likely to find a better interest rate at Discovery 0% 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)

Investec
9.10%
best rate
Discovery
8.60%
best rate

The best interest rate you can get at Investec is 9.1% for the 12-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 55. Whilst at Discovery, the best interest rate you can get is 8.6% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

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

6 month fixed deposit interest rates compared

Investec vs Discovery

This table shows Investec'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 Investec1Discovery1 Winner 2
R100,000 for 18+
8.26%
8.25%
+
5
R100,000 for 55+
8.41%
8.25%
+
82
R250,000 for 18+
8.26%
8.25%
+
12
R250,000 for 55+
8.41%
8.25%
+
204
R1,000,000 for 18+
8.26%
8.25%
+
48
R1,000,000 for 55+
8.41%
8.25%
+
815
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Discovery.
    A negative amount means that Discovery offers more than Investec.
How to read this table?

You get a 8.41% interest rate at Investec for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 8.25%. Over 6 months you will earn R815 more in interest at Investec compared Discovery.

1 year fixed deposit interest rates compared

Investec vs Discovery

This table shows Investec'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 Investec1Discovery1 Winner 2
R100,000 for 18+
8.95%
8.30%
+
710
R100,000 for 55+
9.10%
8.30%
+
870
R250,000 for 18+
8.95%
8.30%
+
1,775
R250,000 for 55+
9.10%
8.30%
+
2,175
R1,000,000 for 18+
8.95%
8.30%
+
7,100
R1,000,000 for 55+
9.10%
8.30%
+
8,700
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Discovery.
    A negative amount means that Discovery offers more than Investec.
How to read this table?

You get a 9.1% interest rate at Investec for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 8.30%. Over 12 months you will earn R8,700 more in interest at Investec compared Discovery.

2 year fixed deposit interest rates compared

Investec vs Discovery

This table shows Investec'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 Investec1Discovery1 Winner 2
R100,000 for 18+
8.16%
8.10%
+
130
R100,000 for 55+
8.31%
8.10%
+
477
R250,000 for 18+
8.16%
8.10%
+
325
R250,000 for 55+
8.31%
8.10%
+
1,194
R1,000,000 for 18+
8.16%
8.10%
+
1,301
R1,000,000 for 55+
8.31%
8.10%
+
4,775
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Discovery.
    A negative amount means that Discovery offers more than Investec.
How to read this table?

You get a 8.31% interest rate at Investec for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 8.10%. Over 2 years you will earn R4,775 more in interest at Investec compared Discovery.

5 year fixed deposit interest rates compared

Investec vs Discovery

This table shows Investec'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 Investec1Discovery1 Winner 2
R100,000 for 18+
8.61%
8.60%
+
70
R100,000 for 55+
8.91%
8.60%
+
2,339
R250,000 for 18+
8.61%
8.60%
+
176
R250,000 for 55+
8.91%
8.60%
+
5,847
R1,000,000 for 18+
8.61%
8.60%
+
705
R1,000,000 for 55+
8.91%
8.60%
+
23,390
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Discovery.
    A negative amount means that Discovery offers more than Investec.
How to read this table?

You get a 8.91% interest rate at Investec for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 8.60%. Over 5 years you will earn R23,390 more in interest at Investec compared Discovery.

How do Investec interest rates compare to other banks?