Discovery Fixed Deposit Review for March 2026
Last updated 1st March 2026 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 1st March 2026 by Walter
R10,000
min deposit
7.35%
best rate
3 month to 5 year
terms offered
10 / 10
rates rating
* Discovery beats the average bank's fixed deposit interest 10 out
of 10 times based on rates sourced 1st March 2026
Here are Discovery's best fixed deposit rates
The best interest rate you can get at Discovery is 7.35% 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 | Effective |
|---|---|---|---|---|
| 1 | R10,000 | 60 months | 7.35% | 7.60% |
| 2 | R10,000 P | 60 months | 7.35% | 7.60% |
| 3 | R10,000 | 12 months | 7.00% | 7.23% |
| 4 | R10,000 P | 12 months | 7.00% | 7.23% |
| 5 | R10,000 | 36 months | 6.95% | 7.18% |
P
only individuals older than 55 qualify
A quick look at Discovery's fixed deposit vs industry average rates