Nedbank
vs
Discovery
Interest rates compared
Introduction
This fixed deposit comparison page compares Nedbank interest rates to Discovery interest rates. All the interest rates shown are sourced from the Nedbank 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 Nedbank fixed deposit interest rates compare to Discovery ?
You are more likely to find better interest rates at Nedbank than Discovery. Specifically, 89 out of 100 interest rates are better at Nedbank than Discovery. This means you are more likely to find a better interest rate at Discovery 11% 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)
The best interest rate you can get at Nedbank is 8.05% for the 60-month fixed deposit. You will need a minimum deposit of R250,000 . 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 Nedbank compare to Discovery across different terms and investment amounts?
3 month fixed deposit interest rates compared
This table shows Nedbank'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.35% | 6.60% | - -6 |
| R100,000 for 18+ | 6.65% | 6.60% | + 13 |
| R250,000 for 18+ | 6.75% | 6.60% | + 95 |
| R1,000,000 for 18+ | 6.75% | 6.60% | + 379 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 6.75% interest rate at Nedbank 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 R379 more in interest at Nedbank compared Discovery.
6 month fixed deposit interest rates compared
This table shows Nedbank'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.65% | 6.80% | - -8 |
| R100,000 for 18+ | 6.95% | 6.80% | + 77 |
| R250,000 for 18+ | 7.10% | 6.80% | + 386 |
| R1,000,000 for 18+ | 7.10% | 6.80% | + 1,544 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 7.1% interest rate at Nedbank 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 R1,544 more in interest at Nedbank compared Discovery.
1 year fixed deposit interest rates compared
This table shows Nedbank'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.00% | 7.00% | - 0 |
| R100,000 for 18+ | 7.40% | 7.00% | + 427 |
| R250,000 for 18+ | 7.50% | 7.00% | + 1,336 |
| R1,000,000 for 18+ | 7.50% | 7.00% | + 5,343 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 7.5% interest rate at Nedbank 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 R5,343 more in interest at Nedbank compared Discovery.
1.5 year fixed deposit interest rates compared
This table shows Nedbank's and Discovery'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.00% | 6.85% | + 25 |
| R100,000 for 18+ | 7.30% | 6.85% | + 746 |
| R250,000 for 18+ | 7.40% | 6.85% | + 2,281 |
| R1,000,000 for 18+ | 7.40% | 6.85% | + 9,124 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 7.4% interest rate at Nedbank for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Discovery's interest rate for the same terms is 6.85%. Over 1.5 years you will earn R9,124 more in interest at Nedbank compared Discovery.
2 year fixed deposit interest rates compared
This table shows Nedbank'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.00% | 6.90% | + 23 |
| R100,000 for 18+ | 7.30% | 6.90% | + 916 |
| R250,000 for 18+ | 7.40% | 6.90% | + 2,866 |
| R1,000,000 for 18+ | 7.40% | 6.90% | + 11,464 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 7.4% interest rate at Nedbank 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 R11,464 more in interest at Nedbank compared Discovery.
3 year fixed deposit interest rates compared
This table shows Nedbank'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.05% | 6.95% | + 37 |
| R100,000 for 18+ | 7.35% | 6.95% | + 1,477 |
| R250,000 for 18+ | 7.45% | 6.95% | + 4,623 |
| R1,000,000 for 18+ | 7.45% | 6.95% | + 18,494 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 7.45% interest rate at Nedbank 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 6.95%. Over 3 years you will earn R18,494 more in interest at Nedbank compared Discovery.
5 year fixed deposit interest rates compared
This table shows Nedbank'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 | Nedbank1 | Discovery1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.75% | 7.35% | + 290 |
| R100,000 for 18+ | 7.90% | 7.35% | + 3,996 |
| R250,000 for 18+ | 8.05% | 7.35% | + 12,762 |
| R1,000,000 for 18+ | 8.05% | 7.35% | + 51,048 |
- 1 nominal interest rate
- 2 the amount of interest you will be able earn at Nedbank over and above Discovery.
A negative amount means that Discovery offers more than Nedbank.
You get a 8.05% interest rate at Nedbank 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 R51,048 more in interest at Nedbank compared Discovery.
- Nedbank vs Absa interest rates compared
- Nedbank vs Access Bank Plc interest rates compared
- Nedbank vs African Bank interest rates compared
- Nedbank vs BankZero interest rates compared
- Nedbank vs Bidvest interest rates compared
- Nedbank vs Capitec interest rates compared
- Nedbank vs Discovery interest rates compared
- Nedbank vs FNB interest rates compared
- Nedbank vs Fedgroup interest rates compared
- Nedbank vs Investec interest rates compared
- Nedbank vs SA Retail Bonds interest rates compared
- Nedbank vs Standard Bank interest rates compared
- Nedbank vs TymeBank interest rates compared