Discovery vs Absa

Interest rates compared

Last updated 4th June 2025 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to Absa interest rates. All the interest rates shown are sourced from the Discovery and Absa websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th June 2025.

How do Discovery fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Discovery than Absa. Specifically, 75 out of 100 interest rates are better at Discovery than Absa. This means you are more likely to find a better interest rate at Absa 25% 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)

Discovery
8.50%
best rate
Absa
8.30%
best rate

The best interest rate you can get at Discovery is 8.5% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 . Whilst at Absa, the best interest rate you can get 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.

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

3 month fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
7.40%
7.30%
+
3
R10,000 for 55+
7.40%
7.45%
-
-1
R100,000 for 18+
7.40%
7.30%
+
26
R100,000 for 55+
7.40%
7.45%
-
-12
R250,000 for 18+
7.40%
7.30%
+
65
R250,000 for 55+
7.40%
7.45%
-
-30
R1,000,000 for 18+
7.40%
7.30%
+
260
R1,000,000 for 55+
7.40%
7.45%
-
-118
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 7.4% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.45%. Over 3 months you will earn R118 less in interest at Discovery compared Absa.

6 month fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
7.55%
7.65%
-
-5
R10,000 for 55+
7.55%
7.70%
-
-8
R100,000 for 18+
7.55%
7.65%
-
-48
R100,000 for 55+
7.55%
7.70%
-
-77
R250,000 for 18+
7.55%
7.65%
-
-120
R250,000 for 55+
7.55%
7.70%
-
-193
R1,000,000 for 18+
7.55%
7.65%
-
-481
R1,000,000 for 55+
7.55%
7.70%
-
-770
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 7.55% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.70%. Over 6 months you will earn R770 less in interest at Discovery compared Absa.

1 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.00%
7.55%
+
48
R10,000 for 55+
8.00%
7.60%
+
43
R100,000 for 18+
8.00%
7.55%
+
480
R100,000 for 55+
8.00%
7.60%
+
430
R250,000 for 18+
8.00%
7.55%
+
1,200
R250,000 for 55+
8.00%
7.60%
+
1,075
R1,000,000 for 18+
8.00%
7.55%
+
4,800
R1,000,000 for 55+
8.00%
7.60%
+
4,300
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8% interest rate at Discovery for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.60%. Over 12 months you will earn R4,300 more in interest at Discovery compared Absa.

2 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
7.90%
7.55%
+
80
R10,000 for 55+
7.90%
7.60%
+
69
R100,000 for 18+
7.90%
7.55%
+
799
R100,000 for 55+
7.90%
7.60%
+
691
R250,000 for 18+
7.90%
7.55%
+
1,998
R250,000 for 55+
7.90%
7.60%
+
1,728
R1,000,000 for 18+
7.90%
7.55%
+
7,992
R1,000,000 for 55+
7.90%
7.60%
+
6,914
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 7.9% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.60%. Over 2 years you will earn R6,914 more in interest at Discovery compared Absa.

3 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.10%
7.75%
+
134
R10,000 for 55+
8.10%
7.95%
+
56
R100,000 for 18+
8.10%
7.75%
+
1,335
R100,000 for 55+
8.10%
7.95%
+
563
R250,000 for 18+
8.10%
7.75%
+
3,338
R250,000 for 55+
8.10%
7.95%
+
1,408
R1,000,000 for 18+
8.10%
7.75%
+
13,351
R1,000,000 for 55+
8.10%
7.95%
+
5,633
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8.1% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.95%. Over 3 years you will earn R5,633 more in interest at Discovery compared Absa.

5 year fixed deposit interest rates compared

Discovery vs Absa

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

Investment amount Discovery1Absa1 Winner 2
R10,000 for 18+
8.50%
8.25%
+
189
R10,000 for 55+
8.50%
8.30%
+
154
R100,000 for 18+
8.50%
8.25%
+
1,885
R100,000 for 55+
8.50%
8.30%
+
1,537
R250,000 for 18+
8.50%
8.25%
+
4,713
R250,000 for 55+
8.50%
8.30%
+
3,844
R1,000,000 for 18+
8.50%
8.25%
+
18,851
R1,000,000 for 55+
8.50%
8.30%
+
15,374
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above Absa.
    A negative amount means that Absa offers more than Discovery.
How to read this table?

You get a 8.5% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.30%. Over 5 years you will earn R15,374 more in interest at Discovery compared Absa.

How do Discovery interest rates compare to other banks?