Standard Bank vs Discovery

Interest rates compared

Last updated 1st July 2025 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 4th July 2025.

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, 0 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 100% 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
8.16%
best rate
Discovery
8.35%
best rate

The best interest rate you can get at Standard Bank is 8.16% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at Discovery, the best interest rate you can get is 8.35% 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+
6.49%
7.40%
-
-23
R10,000 for 55+
6.99%
7.40%
-
-10
R100,000 for 18+
7.04%
7.40%
-
-92
R100,000 for 55+
7.04%
7.40%
-
-92
R250,000 for 18+
7.04%
7.40%
-
-231
R250,000 for 55+
7.04%
7.40%
-
-231
R1,000,000 for 18+
7.13%
7.40%
-
-687
R1,000,000 for 55+
7.13%
7.40%
-
-687
  • 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 7.13% interest rate at Standard Bank for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.40%. Over 3 months you will earn R687 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+
6.49%
7.55%
-
-55
R10,000 for 55+
6.99%
7.55%
-
-29
R100,000 for 18+
7.05%
7.55%
-
-260
R100,000 for 55+
7.05%
7.55%
-
-260
R250,000 for 18+
7.05%
7.55%
-
-651
R250,000 for 55+
7.05%
7.55%
-
-651
R1,000,000 for 18+
7.14%
7.55%
-
-2,121
R1,000,000 for 55+
7.14%
7.55%
-
-2,121
  • 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 7.14% interest rate at Standard Bank 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 7.55%. Over 6 months you will earn R2,121 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+
6.65%
7.65%
-
-106
R10,000 for 55+
7.15%
7.65%
-
-53
R100,000 for 18+
7.20%
7.65%
-
-480
R100,000 for 55+
7.20%
7.65%
-
-480
R250,000 for 18+
7.20%
7.65%
-
-1,200
R250,000 for 55+
7.20%
7.65%
-
-1,200
R1,000,000 for 18+
7.30%
7.65%
-
-3,700
R1,000,000 for 55+
7.30%
7.65%
-
-3,700
  • 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 7.3% interest rate at Standard Bank 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 7.65%. Over 12 months you will earn R3,700 less 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+
7.06%
7.70%
-
-149
R10,000 for 55+
7.56%
7.70%
-
-32
R100,000 for 18+
7.55%
7.70%
-
-345
R100,000 for 55+
7.55%
7.70%
-
-345
R250,000 for 18+
7.55%
7.70%
-
-863
R250,000 for 55+
7.55%
7.70%
-
-863
R1,000,000 for 18+
7.55%
7.70%
-
-3,453
R1,000,000 for 55+
7.55%
7.70%
-
-3,453
  • 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 7.55% interest rate at Standard Bank 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 7.70%. Over 2 years you will earn R3,453 less 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+
7.15%
7.85%
-
-261
R10,000 for 55+
7.65%
7.85%
-
-77
R100,000 for 18+
7.65%
7.85%
-
-770
R100,000 for 55+
7.65%
7.85%
-
-770
R250,000 for 18+
7.65%
7.85%
-
-1,926
R250,000 for 55+
7.65%
7.85%
-
-1,926
R1,000,000 for 18+
7.65%
7.85%
-
-7,703
R1,000,000 for 55+
7.65%
7.85%
-
-7,703
  • 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 7.65% interest rate at Standard Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.85%. Over 3 years you will earn R7,703 less 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+
7.66%
8.35%
-
-516
R10,000 for 55+
8.16%
8.35%
-
-146
R100,000 for 18+
8.12%
8.35%
-
-1,736
R100,000 for 55+
8.12%
8.35%
-
-1,736
R250,000 for 18+
8.12%
8.35%
-
-4,340
R250,000 for 55+
8.12%
8.35%
-
-4,340
R1,000,000 for 18+
8.12%
8.35%
-
-17,358
R1,000,000 for 55+
8.12%
8.35%
-
-17,358
  • 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 8.12% interest rate at Standard Bank 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 8.35%. Over 5 years you will earn R17,358 less in interest at Standard Bank compared Discovery.