Investec vs Discovery

Interest rates compared

Last updated 1st March 2026 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 1st March 2026.

How do Investec fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Investec than Discovery. Specifically, 60 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 40% 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
7.78%
best rate
Discovery
7.35%
best rate

The best interest rate you can get at Investec is 7.78% for the 12-month fixed deposit. You will need a minimum deposit of R100,000 . Whilst at Discovery, the best interest rate you can get is 7.35% 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?

3 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 3 month fixed deposit.

Investment amount Investec1Discovery1 Winner 2
R100,000 for 18+
7.00%
6.60%
+
101
R250,000 for 18+
7.00%
6.60%
+
253
R1,000,000 for 18+
7.00%
6.60%
+
1,011
  • 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 7% interest rate at Investec 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 R1,011 more in interest at Investec compared Discovery.

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+
7.26%
6.80%
+
237
R250,000 for 18+
7.26%
6.80%
+
592
R1,000,000 for 18+
7.26%
6.80%
+
2,368
  • 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 7.26% interest rate at Investec 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 R2,368 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+
7.78%
7.00%
+
834
R250,000 for 18+
7.78%
7.00%
+
2,086
R1,000,000 for 18+
7.78%
7.00%
+
8,345
  • 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 7.78% interest rate at Investec 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 7.00%. Over 12 months you will earn R8,345 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+
6.72%
6.90%
-
-410
R250,000 for 18+
6.72%
6.90%
-
-1,025
R1,000,000 for 18+
6.72%
6.90%
-
-4,100
  • 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 6.72% interest rate at Investec 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 6.90%. Over 2 years you will earn R4,100 less 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+
7.12%
7.35%
-
-1,640
R250,000 for 18+
7.12%
7.35%
-
-4,099
R1,000,000 for 18+
7.12%
7.35%
-
-16,395
  • 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 7.12% interest rate at Investec 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 7.35%. Over 5 years you will earn R16,395 less in interest at Investec compared Discovery.

How do Investec interest rates compare to other banks?