Standard Bank vs Discovery

Interest rates compared

Last updated 31st July 2026 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to Discovery interest rates. All the interest rates shown are sourced from the Standard Bank 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 31st July 2026.

How do Standard Bank fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Discovery than Standard Bank. Specifically, 46 out of 100 interest rates are better at Standard Bank than Discovery. This means you are more likely to find a better interest rate at Discovery 54% 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)

Standard Bank
7.97%
best rate
Discovery
7.85%
best rate

The best interest rate you can get at Standard Bank is 7.972156797760377% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 . Whilst at Discovery, the best interest rate you can get is 7.85% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

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

3 month fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.02%
6.85%
-
-21
R100,000 for 18+
6.61%
6.85%
-
-61
R250,000 for 18+
6.61%
6.85%
-
-152
R1,000,000 for 18+
6.70%
6.85%
-
-369
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 6.704116396956028% interest rate at Standard Bank 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 6.85%. Over 3 months you will earn R369 less in interest at Standard Bank compared Discovery.

6 month fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.13%
7.05%
-
-48
R100,000 for 18+
6.74%
7.05%
-
-161
R250,000 for 18+
6.74%
7.05%
-
-403
R1,000,000 for 18+
6.83%
7.05%
-
-1,127
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 6.83101812221425% interest rate at Standard Bank 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 7.05%. Over 6 months you will earn R1,127 less in interest at Standard Bank compared Discovery.

1 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.40%
7.40%
-
-107
R100,000 for 18+
7.35%
7.40%
-
-56
R250,000 for 18+
7.35%
7.40%
-
-141
R1,000,000 for 18+
7.40%
7.40%
+
38
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.403537698241536% interest rate at Standard Bank 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 7.40%. Over 12 months you will earn R38 more in interest at Standard Bank compared Discovery.

1.5 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.78%
7.45%
-
-110
R100,000 for 18+
7.49%
7.45%
+
63
R250,000 for 18+
7.49%
7.45%
+
157
R1,000,000 for 18+
7.49%
7.45%
+
627
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.4876177535428745% interest rate at Standard Bank 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 7.45%. Over 1.5 years you will earn R627 more in interest at Standard Bank compared Discovery.

2 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.84%
7.50%
-
-151
R100,000 for 18+
7.57%
7.50%
+
165
R250,000 for 18+
7.57%
7.50%
+
414
R1,000,000 for 18+
7.57%
7.50%
+
1,655
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.571633456631854% interest rate at Standard Bank 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 7.50%. Over 2 years you will earn R1,655 more in interest at Standard Bank compared Discovery.

3 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.93%
7.65%
-
-269
R100,000 for 18+
7.69%
7.65%
+
161
R250,000 for 18+
7.69%
7.65%
+
402
R1,000,000 for 18+
7.69%
7.65%
+
1,608
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.6928760712593025% interest rate at Standard Bank 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 7.65%. Over 3 years you will earn R1,608 more in interest at Standard Bank compared Discovery.

5 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
7.11%
7.85%
-
-531
R100,000 for 18+
7.97%
7.85%
+
900
R250,000 for 18+
7.97%
7.85%
+
2,250
R1,000,000 for 18+
7.97%
7.85%
+
9,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.972156797760377% interest rate at Standard Bank 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 7.85%. Over 5 years you will earn R9,000 more in interest at Standard Bank compared Discovery.

How do Standard Bank interest rates compare to other banks?