Discovery vs SA Retail Bonds

Interest rates compared

Last updated 3rd August 2025 by Walter

Introduction

This fixed deposit comparison page compares Discovery interest rates to SA Retail Bonds interest rates. All the interest rates shown are sourced from the Discovery and SA Retail Bonds 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 Discovery fixed deposit interest rates compare to SA Retail Bonds ?

You are more likely to find better interest rates at SA Retail Bonds than Discovery. Specifically, 0 out of 100 interest rates are better at Discovery than SA Retail Bonds. This means you are more likely to find a better interest rate at SA Retail Bonds 100% 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
8.10%
best rate
SA Retail Bonds
9.25%
best rate

The best interest rate you can get at Discovery is 8.1% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 . Whilst at SA Retail Bonds, the best interest rate you can get is 9.25% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 .

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

2 year fixed deposit interest rates compared

Discovery vs SA Retail Bonds

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

Investment amount Discovery1SA Retail Bonds1 Winner 2
R10,000 for 18+
7.50%
8.25%
-
-143
R10,000 for 55+
7.50%
8.25%
-
-143
R100,000 for 18+
7.50%
8.25%
-
-1,427
R100,000 for 55+
7.50%
8.25%
-
-1,427
R250,000 for 18+
7.50%
8.25%
-
-3,567
R250,000 for 55+
7.50%
8.25%
-
-3,567
R1,000,000 for 18+
7.50%
8.25%
-
-14,268
R1,000,000 for 55+
7.50%
8.25%
-
-14,268
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than Discovery.
How to read this table?

You get a 7.5% interest rate at Discovery for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). SA Retail Bonds's interest rate for the same terms is 8.25%. Over 2 years you will earn R14,268 less in interest at Discovery compared SA Retail Bonds.

3 year fixed deposit interest rates compared

Discovery vs SA Retail Bonds

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

Investment amount Discovery1SA Retail Bonds1 Winner 2
R10,000 for 18+
7.60%
8.50%
-
-285
R10,000 for 55+
7.60%
8.50%
-
-285
R100,000 for 18+
7.60%
8.50%
-
-2,849
R100,000 for 55+
7.60%
8.50%
-
-2,849
R250,000 for 18+
7.60%
8.50%
-
-7,122
R250,000 for 55+
7.60%
8.50%
-
-7,122
R1,000,000 for 18+
7.60%
8.50%
-
-28,488
R1,000,000 for 55+
7.60%
8.50%
-
-28,488
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds offers more than Discovery.
How to read this table?

You get a 7.6% interest rate at Discovery for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). SA Retail Bonds's interest rate for the same terms is 8.50%. Over 3 years you will earn R28,488 less in interest at Discovery compared SA Retail Bonds.

5 year fixed deposit interest rates compared

Discovery vs SA Retail Bonds

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

Investment amount Discovery1SA Retail Bonds1 Winner 2
R10,000 for 18+
8.10%
9.25%
-
-739
R10,000 for 55+
8.10%
9.25%
-
-739
R100,000 for 18+
8.10%
9.25%
-
-7,393
R100,000 for 55+
8.10%
9.25%
-
-7,393
R250,000 for 18+
8.10%
9.25%
-
-18,484
R250,000 for 55+
8.10%
9.25%
-
-18,484
R1,000,000 for 18+
8.10%
9.25%
-
-73,935
R1,000,000 for 55+
8.10%
9.25%
-
-73,935
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Discovery over and above SA Retail Bonds.
    A negative amount means that SA Retail Bonds 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 5 year fixed deposit (if you are older than 55). SA Retail Bonds's interest rate for the same terms is 9.25%. Over 5 years you will earn R73,935 less in interest at Discovery compared SA Retail Bonds.

How do Discovery interest rates compare to other banks?