Discovery Fixed Deposit Review for August 2025

Last updated 3rd August 2025 by Walter

Introduction

This page summarises all the fixed deposits offered by Discovery. All the rates shown are sourced from the Discovery website - discovery.co.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The Discovery fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Discovery fixed deposits highlights

last updated 3rd August 2025 by Walter

R10,000
min deposit
8.10%
best rate

Here are Discovery's best fixed deposit rates

The best interest rate you can get at Discovery is 8.1% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

Here are Discovery's five best fixed deposit interest rates:

# Min deposit Term Nominal
P
only individuals older than 55 qualify

Discovery 3 month fixed deposit

This table shows Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.05% 7.11%
-
-2
R10,000 for 55+7.05% 7.11%
-
-2
R100,000 for 18+7.05% 7.14%
-
-23
R100,000 for 55+7.05% 7.19%
-
-36
R250,000 for 18+7.05% 7.14%
-
-56
R250,000 for 55+7.05% 7.25%
-
-127
R1,000,000 for 18+7.05% 7.22%
-
-443
R1,000,000 for 55+7.05% 7.33%
-
-723
How to read this table?

You get a 7.05% interest rate at Discovery for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.11%. Over 3 months you will earn R2 less in interest at Discovery compared to the average bank.

Discovery 6 month fixed deposit

This table shows Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.30% 7.45%
-
-8
R10,000 for 55+7.30% 7.41%
-
-6
R100,000 for 18+7.30% 7.42%
-
-60
R100,000 for 55+7.30% 7.45%
-
-79
R250,000 for 18+7.30% 7.40%
-
-122
R250,000 for 55+7.30% 7.50%
-
-260
R1,000,000 for 18+7.30% 7.46%
-
-810
R1,000,000 for 55+7.30% 7.57%
-
-1,387
How to read this table?

You get a 7.3% interest rate at Discovery for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 7.45%. Over 6 months you will earn R8 less in interest at Discovery compared to the average bank.

Discovery 1 year fixed deposit

This table shows Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.50% 7.68%
-
-19
R10,000 for 55+7.50% 7.66%
-
-18
R100,000 for 18+7.50% 7.74%
-
-258
R100,000 for 55+7.50% 7.75%
-
-273
R250,000 for 18+7.50% 7.74%
-
-648
R250,000 for 55+7.50% 7.82%
-
-878
R1,000,000 for 18+7.50% 7.79%
-
-3,107
R1,000,000 for 55+7.50% 7.90%
-
-4,287
How to read this table?

You get a 7.5% interest rate at Discovery for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 7.68%. Over 12 months you will earn R19 less in interest at Discovery compared to the average bank.

Discovery 2 year fixed deposit

This table shows Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.50% 7.68%
-
-39
R10,000 for 55+7.50% 7.64%
-
-32
R100,000 for 18+7.50% 7.75%
-
-567
R100,000 for 55+7.50% 7.70%
-
-459
R250,000 for 18+7.50% 7.80%
-
-1,678
R250,000 for 55+7.50% 7.76%
-
-1,480
R1,000,000 for 18+7.50% 7.84%
-
-7,792
R1,000,000 for 55+7.50% 7.84%
-
-7,772
How to read this table?

You get a 7.5% interest rate at Discovery for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 7.68%. Over 2 years you will earn R39 less in interest at Discovery compared to the average bank.

Discovery 3 year fixed deposit

This table shows Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.60% 7.81%
-
-73
R10,000 for 55+7.60% 7.77%
-
-60
R100,000 for 18+7.60% 7.92%
-
-1,156
R100,000 for 55+7.60% 7.85%
-
-889
R250,000 for 18+7.60% 7.97%
-
-3,348
R250,000 for 55+7.60% 7.91%
-
-2,801
R1,000,000 for 18+7.60% 8.00%
-
-14,681
R1,000,000 for 55+7.60% 7.98%
-
-13,937
How to read this table?

You get a 7.6% interest rate at Discovery for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 7.81%. Over 3 years you will earn R73 less in interest at Discovery compared to the average bank.

Discovery 5 year fixed deposit

This table shows Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.10% 8.47%
-
-269
R10,000 for 55+8.10% 8.41%
-
-225
R100,000 for 18+8.10% 8.51%
-
-2,982
R100,000 for 55+8.10% 8.44%
-
-2,458
R250,000 for 18+8.10% 8.56%
-
-8,370
R250,000 for 55+8.10% 8.51%
-
-7,490
R1,000,000 for 18+8.10% 8.63%
-
-38,939
R1,000,000 for 55+8.10% 8.59%
-
-36,268
How to read this table?

You get a 8.1% interest rate at Discovery for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.47%. Over 5 years you will earn R269 less in interest at Discovery compared to the average bank.