Discovery vs FNB

Interest rates compared

Last updated 1st April 2026 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to FNB interest rates. All the interest rates shown are sourced from the Discovery and FNB 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 FNB ?

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

Discovery
8.05%
best rate
FNB
7.20%
best rate

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 FNB, the best interest rate you can get is 7.2% 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 FNB across different terms and investment amounts?

3 month fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
6.60%
5.90%
+
18
R100,000 for 18+
6.60%
5.90%
+
177
R250,000 for 18+
6.60%
6.00%
+
379
R1,000,000 for 18+
6.60%
6.20%
+
1,011
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

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). FNB's interest rate for the same terms is 6.20%. Over 3 months you will earn R1,011 more in interest at Discovery compared FNB.

6 month fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
6.80%
6.15%
+
33
R100,000 for 18+
6.80%
6.15%
+
334
R250,000 for 18+
6.80%
6.25%
+
706
R1,000,000 for 18+
6.80%
6.45%
+
1,799
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

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). FNB's interest rate for the same terms is 6.45%. Over 6 months you will earn R1,799 more in interest at Discovery compared FNB.

1 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.00%
6.50%
+
53
R100,000 for 18+
7.00%
6.50%
+
532
R250,000 for 18+
7.00%
6.60%
+
1,064
R1,000,000 for 18+
7.00%
6.80%
+
2,130
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

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). FNB's interest rate for the same terms is 6.80%. Over 12 months you will earn R2,130 more in interest at Discovery compared FNB.

2 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.55%
6.40%
+
263
R100,000 for 18+
7.55%
6.40%
+
2,628
R250,000 for 18+
7.55%
6.50%
+
6,004
R1,000,000 for 18+
7.55%
6.70%
+
19,480
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB 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 2 year fixed deposit (if you are older than 18). FNB's interest rate for the same terms is 6.70%. Over 2 years you will earn R19,480 more in interest at Discovery compared FNB.

3 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
7.65%
6.50%
+
424
R100,000 for 18+
7.65%
6.50%
+
4,238
R250,000 for 18+
7.65%
6.60%
+
9,688
R1,000,000 for 18+
7.65%
6.80%
+
31,463
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

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). FNB's interest rate for the same terms is 6.80%. Over 3 years you will earn R31,463 more in interest at Discovery compared FNB.

5 year fixed deposit interest rates compared

Discovery vs FNB

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

Investment amount Discovery1FNB1 Winner 2
R10,000 for 18+
8.05%
6.90%
+
830
R100,000 for 18+
8.05%
6.90%
+
8,295
R250,000 for 18+
8.05%
7.00%
+
18,981
R1,000,000 for 18+
8.05%
7.20%
+
61,762
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above FNB.
    A negative amount means that FNB offers more than Discovery.
How to read this table?

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). FNB's interest rate for the same terms is 7.20%. Over 5 years you will earn R61,762 more in interest at Discovery compared FNB.

How do Discovery interest rates compare to other banks?