SA Retail Bonds vs Discovery

Interest rates compared

Last updated 2nd May 2025 by Walter

Introduction

This fixed deposit comparison page compares SA Retail Bonds interest rates to Discovery interest rates. All the interest rates shown are sourced from the SA Retail Bonds 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 2nd May 2025.

How do SA Retail Bonds fixed deposit interest rates compare to Discovery ?

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

SA Retail Bonds
10.25%
best rate
Discovery
8.50%
best rate

The best interest rate you can get at SA Retail Bonds is 10.25% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 . Whilst at Discovery, the best interest rate you can get is 8.5% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

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

2 year fixed deposit interest rates compared

SA Retail Bonds vs Discovery

This table shows SA Retail Bonds'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 SA Retail Bonds1Discovery1 Winner 2
R10,000 for 18+
8.75%
7.90%
+
163
R10,000 for 55+
8.75%
7.90%
+
163
R100,000 for 18+
8.75%
7.90%
+
1,628
R100,000 for 55+
8.75%
7.90%
+
1,628
R250,000 for 18+
8.75%
7.90%
+
4,071
R250,000 for 55+
8.75%
7.90%
+
4,071
R1,000,000 for 18+
8.75%
7.90%
+
16,285
R1,000,000 for 55+
8.75%
7.90%
+
16,285
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at SA Retail Bonds over and above Discovery.
    A negative amount means that Discovery offers more than SA Retail Bonds.
How to read this table?

You get a 8.75% interest rate at SA Retail Bonds 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 7.90%. Over 2 years you will earn R16,285 more in interest at SA Retail Bonds compared Discovery.

3 year fixed deposit interest rates compared

SA Retail Bonds vs Discovery

This table shows SA Retail Bonds'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 SA Retail Bonds1Discovery1 Winner 2
R10,000 for 18+
9.00%
8.10%
+
281
R10,000 for 55+
9.00%
8.10%
+
281
R100,000 for 18+
9.00%
8.10%
+
2,806
R100,000 for 55+
9.00%
8.10%
+
2,806
R250,000 for 18+
9.00%
8.10%
+
7,014
R250,000 for 55+
9.00%
8.10%
+
7,014
R1,000,000 for 18+
9.00%
8.10%
+
28,057
R1,000,000 for 55+
9.00%
8.10%
+
28,057
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at SA Retail Bonds over and above Discovery.
    A negative amount means that Discovery offers more than SA Retail Bonds.
How to read this table?

You get a 9% interest rate at SA Retail Bonds 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 8.10%. Over 3 years you will earn R28,057 more in interest at SA Retail Bonds compared Discovery.

5 year fixed deposit interest rates compared

SA Retail Bonds vs Discovery

This table shows SA Retail Bonds'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 SA Retail Bonds1Discovery1 Winner 2
R10,000 for 18+
10.25%
8.50%
+
1,208
R10,000 for 55+
10.25%
8.50%
+
1,208
R100,000 for 18+
10.25%
8.50%
+
12,083
R100,000 for 55+
10.25%
8.50%
+
12,083
R250,000 for 18+
10.25%
8.50%
+
30,207
R250,000 for 55+
10.25%
8.50%
+
30,207
R1,000,000 for 18+
10.25%
8.50%
+
120,828
R1,000,000 for 55+
10.25%
8.50%
+
120,828
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at SA Retail Bonds over and above Discovery.
    A negative amount means that Discovery offers more than SA Retail Bonds.
How to read this table?

You get a 10.25% interest rate at SA Retail Bonds 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 8.50%. Over 5 years you will earn R120,828 more in interest at SA Retail Bonds compared Discovery.

How do SA Retail Bonds interest rates compare to other banks?