Absa vs Discovery

Interest rates compared

Last updated 3rd August 2025 by Walter

Introduction

This fixed deposit comparison page compares Absa interest rates to Discovery interest rates. All the interest rates shown are sourced from the Absa 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 August 2025.

How do Absa fixed deposit interest rates compare to Discovery ?

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

Absa
8.30%
best rate
Discovery
8.10%
best rate

The best interest rate you can get at Absa is 8.3% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55. Whilst at Discovery, the best interest rate you can get is 8.1% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

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

3 month fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa'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 Absa1Discovery1 Winner 2
R10,000 for 18+
7.30%
7.05%
+
6
R10,000 for 18+
7.30%
7.05%
+
6
R10,000 for 55+
7.45%
7.05%
+
10
R10,000 for 55+
7.45%
7.05%
+
10
R100,000 for 18+
7.30%
7.05%
+
64
R100,000 for 18+
7.30%
7.05%
+
64
R100,000 for 55+
7.45%
7.05%
+
102
R100,000 for 55+
7.45%
7.05%
+
102
R250,000 for 18+
7.30%
7.05%
+
160
R250,000 for 18+
7.30%
7.05%
+
160
R250,000 for 55+
7.45%
7.05%
+
255
R250,000 for 55+
7.45%
7.05%
+
255
R1,000,000 for 18+
7.30%
7.05%
+
640
R1,000,000 for 18+
7.30%
7.05%
+
640
R1,000,000 for 55+
7.45%
7.05%
+
1,018
R1,000,000 for 55+
7.45%
7.05%
+
1,018
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.45% interest rate at Absa 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 7.05%. Over 3 months you will earn R1,018 more in interest at Absa compared Discovery.

6 month fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa'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 Absa1Discovery1 Winner 2
R10,000 for 18+
7.65%
7.30%
+
18
R10,000 for 18+
7.65%
7.30%
+
18
R10,000 for 55+
7.70%
7.30%
+
21
R10,000 for 55+
7.70%
7.30%
+
21
R100,000 for 18+
7.65%
7.30%
+
178
R100,000 for 18+
7.65%
7.30%
+
178
R100,000 for 55+
7.70%
7.30%
+
207
R100,000 for 55+
7.70%
7.30%
+
207
R250,000 for 18+
7.65%
7.30%
+
446
R250,000 for 18+
7.65%
7.30%
+
446
R250,000 for 55+
7.70%
7.30%
+
518
R250,000 for 55+
7.70%
7.30%
+
518
R1,000,000 for 18+
7.65%
7.30%
+
1,782
R1,000,000 for 18+
7.65%
7.30%
+
1,782
R1,000,000 for 55+
7.70%
7.30%
+
2,071
R1,000,000 for 55+
7.70%
7.30%
+
2,071
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.7% interest rate at Absa 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 7.30%. Over 6 months you will earn R2,071 more in interest at Absa compared Discovery.

1 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa'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 Absa1Discovery1 Winner 2
R10,000 for 18+
7.55%
7.50%
+
6
R10,000 for 18+
7.55%
7.50%
+
6
R10,000 for 55+
7.60%
7.50%
+
11
R10,000 for 55+
7.60%
7.50%
+
11
R100,000 for 18+
7.55%
7.50%
+
60
R100,000 for 18+
7.55%
7.50%
+
60
R100,000 for 55+
7.60%
7.50%
+
110
R100,000 for 55+
7.60%
7.50%
+
110
R250,000 for 18+
7.55%
7.50%
+
150
R250,000 for 18+
7.55%
7.50%
+
150
R250,000 for 55+
7.60%
7.50%
+
275
R250,000 for 55+
7.60%
7.50%
+
275
R1,000,000 for 18+
7.55%
7.50%
+
600
R1,000,000 for 18+
7.55%
7.50%
+
600
R1,000,000 for 55+
7.60%
7.50%
+
1,100
R1,000,000 for 55+
7.60%
7.50%
+
1,100
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.6% interest rate at Absa 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 7.50%. Over 12 months you will earn R1,100 more in interest at Absa compared Discovery.

2 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa'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 Absa1Discovery1 Winner 2
R10,000 for 18+
7.55%
7.50%
+
13
R10,000 for 18+
7.55%
7.50%
+
13
R10,000 for 55+
7.60%
7.50%
+
24
R10,000 for 55+
7.60%
7.50%
+
24
R100,000 for 18+
7.55%
7.50%
+
129
R100,000 for 18+
7.55%
7.50%
+
129
R100,000 for 55+
7.60%
7.50%
+
237
R100,000 for 55+
7.60%
7.50%
+
237
R250,000 for 18+
7.55%
7.50%
+
323
R250,000 for 18+
7.55%
7.50%
+
323
R250,000 for 55+
7.60%
7.50%
+
593
R250,000 for 55+
7.60%
7.50%
+
593
R1,000,000 for 18+
7.55%
7.50%
+
1,293
R1,000,000 for 18+
7.55%
7.50%
+
1,293
R1,000,000 for 55+
7.60%
7.50%
+
2,372
R1,000,000 for 55+
7.60%
7.50%
+
2,372
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.6% interest rate at Absa 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 7.50%. Over 2 years you will earn R2,372 more in interest at Absa compared Discovery.

3 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa'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 Absa1Discovery1 Winner 2
R10,000 for 18+
7.75%
7.60%
+
56
R10,000 for 18+
7.75%
7.60%
+
56
R10,000 for 55+
7.95%
7.60%
+
133
R10,000 for 55+
7.95%
7.60%
+
133
R100,000 for 18+
7.75%
7.60%
+
559
R100,000 for 18+
7.75%
7.60%
+
559
R100,000 for 55+
7.95%
7.60%
+
1,331
R100,000 for 55+
7.95%
7.60%
+
1,331
R250,000 for 18+
7.75%
7.60%
+
1,398
R250,000 for 18+
7.75%
7.60%
+
1,398
R250,000 for 55+
7.95%
7.60%
+
3,328
R250,000 for 55+
7.95%
7.60%
+
3,328
R1,000,000 for 18+
7.75%
7.60%
+
5,594
R1,000,000 for 18+
7.75%
7.60%
+
5,594
R1,000,000 for 55+
7.95%
7.60%
+
13,312
R1,000,000 for 55+
7.95%
7.60%
+
13,312
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 7.95% interest rate at Absa 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 7.60%. Over 3 years you will earn R13,312 more in interest at Absa compared Discovery.

5 year fixed deposit interest rates compared

Absa vs Discovery

This table shows Absa'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 Absa1Discovery1 Winner 2
R10,000 for 18+
8.25%
8.10%
+
111
R10,000 for 18+
8.25%
8.10%
+
111
R10,000 for 55+
8.30%
8.10%
+
146
R10,000 for 55+
8.30%
8.10%
+
146
R100,000 for 18+
8.25%
8.10%
+
1,108
R100,000 for 18+
8.25%
8.10%
+
1,108
R100,000 for 55+
8.30%
8.10%
+
1,456
R100,000 for 55+
8.30%
8.10%
+
1,456
R250,000 for 18+
8.25%
8.10%
+
2,771
R250,000 for 18+
8.25%
8.10%
+
2,771
R250,000 for 55+
8.30%
8.10%
+
3,640
R250,000 for 55+
8.30%
8.10%
+
3,640
R1,000,000 for 18+
8.25%
8.10%
+
11,083
R1,000,000 for 18+
8.25%
8.10%
+
11,083
R1,000,000 for 55+
8.30%
8.10%
+
14,560
R1,000,000 for 55+
8.30%
8.10%
+
14,560
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Discovery.
    A negative amount means that Discovery offers more than Absa.
How to read this table?

You get a 8.3% interest rate at Absa 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 8.10%. Over 5 years you will earn R14,560 more in interest at Absa compared Discovery.

How do Absa interest rates compare to other banks?