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Discovery - Fixed Deposit Rates

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 & effective annual rates! This allows you to compare rates across all banks. Yippee!

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

Here are Discovery's best interest rates

NominalEffective
1 Discovery 60m1k 7.50% 7.76%
2 Discovery 36m1k 7.00% 7.23%
3 Discovery 24m1k 6.85% 7.07%
4 Discovery 18m1k 6.50% 6.7%
5 Discovery 12m1k 6.15% 6.33%
P: only individuals older than 55 qualify
length of term. eg. 60m = 60 months
minimum deposit

The best interest rate you can get at Discovery is 7.76% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 18.

1k Deposit rates for Balances from R1k+

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TermNominalEffectiveRank*
3 months 4.10% 4.18%#4
6 months 5.00% 5.12%#4
12 months 6.15% 6.33%#3
24 months 6.85% 7.07%#3
36 months 7.00% 7.23%#4
60 months 7.50% 7.76%#8
* - Discovery's ranking for a R1k investment

1kP Deposit rates for Balances from R1k+ for individuals 55 and older

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TermNominalEffectiveRank*
3 months 4.10% 4.18%#5
6 months 5.00% 5.12%#4
12 months 6.15% 6.33%#5
24 months 6.85% 7.07%#5
36 months 7.00% 7.23%#6
60 months 7.50% 7.76%#10
* - Discovery's ranking for a R1k investment

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