Discovery
vs
Absa
Interest rates compared
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 1st April 2026.
How do Discovery fixed deposit interest rates compare to Absa ?
You are more likely to find better interest rates at Absa than Discovery. Specifically, 50 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 50% 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)
The best interest rate you can get at Discovery is 8.05% 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 8.05% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .
But how do interest rates at Discovery compare to Absa across different terms and investment amounts?
3 month fixed deposit interest rates compared
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 | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.60% | 6.20% | + 10 |
| R100,000 for 18+ | 6.60% | 6.25% | + 88 |
| R250,000 for 18+ | 6.60% | 6.25% | + 221 |
| R1,000,000 for 18+ | 6.60% | 6.35% | + 632 |
- 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.
You get a 6.6% interest rate at Discovery for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 6.35%. Over 3 months you will earn R632 more in interest at Discovery compared Absa.
6 month fixed deposit interest rates compared
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 | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.80% | 6.80% | - 0 |
| R100,000 for 18+ | 6.80% | 7.10% | - -154 |
| R250,000 for 18+ | 6.80% | 7.10% | - -386 |
| R1,000,000 for 18+ | 6.80% | 7.10% | - -1,544 |
- 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.
You get a 6.8% interest rate at Discovery for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.10%. Over 6 months you will earn R1,544 less in interest at Discovery compared Absa.
1 year fixed deposit interest rates compared
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 | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.00% | 7.20% | - -21 |
| R100,000 for 18+ | 7.00% | 7.30% | - -320 |
| R250,000 for 18+ | 7.00% | 7.30% | - -801 |
| R1,000,000 for 18+ | 7.00% | 7.30% | - -3,203 |
- 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.
You get a 7% interest rate at Discovery for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.30%. Over 12 months you will earn R3,203 less in interest at Discovery compared Absa.
1.5 year fixed deposit interest rates compared
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 1.5 year fixed deposit.
| Investment amount | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.40% | 7.30% | + 17 |
| R100,000 for 18+ | 7.40% | 7.50% | - -167 |
| R250,000 for 18+ | 7.40% | 7.50% | - -417 |
| R1,000,000 for 18+ | 7.40% | 7.60% | - -3,335 |
- 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.
You get a 7.4% interest rate at Discovery for a R1,000,000 investment in a 1.5 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.60%. Over 1.5 years you will earn R3,335 less in interest at Discovery compared Absa.
2 year fixed deposit interest rates compared
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 | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.55% | 7.50% | + 12 |
| R100,000 for 18+ | 7.55% | 7.50% | + 115 |
| R250,000 for 18+ | 7.55% | 7.50% | + 289 |
| R1,000,000 for 18+ | 7.55% | 7.60% | - -1,156 |
- 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.
You get a 7.55% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.60%. Over 2 years you will earn R1,156 less in interest at Discovery compared Absa.
3 year fixed deposit interest rates compared
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 | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.65% | 7.50% | + 56 |
| R100,000 for 18+ | 7.65% | 7.60% | + 187 |
| R250,000 for 18+ | 7.65% | 7.60% | + 468 |
| R1,000,000 for 18+ | 7.65% | 7.80% | - -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.
You get a 7.65% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.80%. Over 3 years you will earn R5,633 less in interest at Discovery compared Absa.
5 year fixed deposit interest rates compared
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 | Discovery1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.05% | 7.70% | + 257 |
| R100,000 for 18+ | 8.05% | 7.90% | + 1,109 |
| R250,000 for 18+ | 8.05% | 7.90% | + 2,772 |
| R1,000,000 for 18+ | 8.05% | 8.05% | - 0 |
- 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.
You get a 8.05% interest rate at Discovery for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 8.05%. Over 5 years you will earn R0 less in interest at Discovery compared Absa.
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