GoTyme Bank vs Discovery

Interest rates compared

Last updated 1st July 2026 by Walter

Introduction

This fixed deposit comparison page compares GoTyme Bank interest rates to Discovery interest rates. All the interest rates shown are sourced from the GoTyme 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 1st July 2026.

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

You are more likely to find better interest rates at GoTyme Bank than Discovery. Specifically, 100 out of 100 interest rates are better at GoTyme Bank 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)

GoTyme Bank
8.58%
best rate
Discovery
7.65%
best rate

The best interest rate you can get at GoTyme Bank is 8.5841% for the 36-month fixed deposit. You will need a minimum deposit of R1 . Whilst at Discovery, the best interest rate you can get is 7.65% for the 36-month fixed deposit. You will need a minimum deposit of R10,000 .

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

3 month fixed deposit interest rates compared

GoTyme Bank vs Discovery

This table shows GoTyme 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 GoTyme Bank1Discovery1 Winner 2
R10,000 for 18+
7.70%
6.85%
+
22
R100,000 for 18+
7.70%
6.85%
+
216
R250,000 for 18+
7.70%
6.85%
+
539
R1,000,000 for 18+
7.70%
6.85%
+
2,156
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at GoTyme Bank over and above Discovery.
    A negative amount means that Discovery offers more than GoTyme Bank.
How to read this table?

You get a 7.7022% interest rate at GoTyme 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 R2,156 more in interest at GoTyme Bank compared Discovery.

6 month fixed deposit interest rates compared

GoTyme Bank vs Discovery

This table shows GoTyme 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 GoTyme Bank1Discovery1 Winner 2
R10,000 for 18+
8.11%
7.05%
+
55
R100,000 for 18+
8.11%
7.05%
+
548
R250,000 for 18+
8.11%
7.05%
+
1,369
R1,000,000 for 18+
8.11%
7.05%
+
5,477
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at GoTyme Bank over and above Discovery.
    A negative amount means that Discovery offers more than GoTyme Bank.
How to read this table?

You get a 8.1115% interest rate at GoTyme 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 R5,477 more in interest at GoTyme Bank compared Discovery.

1 year fixed deposit interest rates compared

GoTyme Bank vs Discovery

This table shows GoTyme 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 GoTyme Bank1Discovery1 Winner 2
R10,000 for 18+
8.42%
7.40%
+
109
R100,000 for 18+
8.42%
7.40%
+
1,094
R250,000 for 18+
8.42%
7.40%
+
2,734
R1,000,000 for 18+
8.42%
7.40%
+
10,937
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at GoTyme Bank over and above Discovery.
    A negative amount means that Discovery offers more than GoTyme Bank.
How to read this table?

You get a 8.4175% interest rate at GoTyme 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 R10,937 more in interest at GoTyme Bank compared Discovery.

2 year fixed deposit interest rates compared

GoTyme Bank vs Discovery

This table shows GoTyme 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 GoTyme Bank1Discovery1 Winner 2
R10,000 for 18+
8.52%
7.50%
+
238
R100,000 for 18+
8.52%
7.50%
+
2,376
R250,000 for 18+
8.52%
7.50%
+
5,939
R1,000,000 for 18+
8.52%
7.50%
+
23,757
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at GoTyme Bank over and above Discovery.
    A negative amount means that Discovery offers more than GoTyme Bank.
How to read this table?

You get a 8.5193% interest rate at GoTyme 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 R23,757 more in interest at GoTyme Bank compared Discovery.

3 year fixed deposit interest rates compared

GoTyme Bank vs Discovery

This table shows GoTyme 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 GoTyme Bank1Discovery1 Winner 2
R10,000 for 18+
8.58%
7.65%
+
355
R100,000 for 18+
8.58%
7.65%
+
3,548
R250,000 for 18+
8.58%
7.65%
+
8,870
R1,000,000 for 18+
8.58%
7.65%
+
35,481
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at GoTyme Bank over and above Discovery.
    A negative amount means that Discovery offers more than GoTyme Bank.
How to read this table?

You get a 8.5841% interest rate at GoTyme 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 R35,481 more in interest at GoTyme Bank compared Discovery.

How do GoTyme Bank interest rates compare to other banks?