Sasfin vs Discovery

Interest rates compared

Last updated 4th June 2025 by Walter

Introduction

This fixed deposit comparison page compares Sasfin interest rates to Discovery interest rates. All the interest rates shown are sourced from the Sasfin 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 4th June 2025.

How do Sasfin fixed deposit interest rates compare to Discovery ?

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

Sasfin
7.96%
best rate
Discovery
8.50%
best rate

The best interest rate you can get at Sasfin is 7.96% for the 9-month fixed deposit. You will need a minimum deposit of R20,000 . 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 Sasfin compare to Discovery across different terms and investment amounts?

3 month fixed deposit interest rates compared

Sasfin vs Discovery

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

Investment amount Sasfin1Discovery1 Winner 2
R100,000 for 18+
7.65%
7.40%
+
61
R100,000 for 55+
7.65%
7.40%
+
61
R250,000 for 18+
7.65%
7.40%
+
154
R250,000 for 55+
7.65%
7.40%
+
154
R1,000,000 for 18+
7.65%
7.40%
+
614
R1,000,000 for 55+
7.65%
7.40%
+
614
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Sasfin over and above Discovery.
    A negative amount means that Discovery offers more than Sasfin.
How to read this table?

You get a 7.65% interest rate at Sasfin for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.40%. Over 3 months you will earn R614 more in interest at Sasfin compared Discovery.

6 month fixed deposit interest rates compared

Sasfin vs Discovery

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

Investment amount Sasfin1Discovery1 Winner 2
R100,000 for 18+
7.85%
7.55%
+
154
R100,000 for 55+
7.85%
7.55%
+
154
R250,000 for 18+
7.85%
7.55%
+
385
R250,000 for 55+
7.85%
7.55%
+
385
R1,000,000 for 18+
7.85%
7.55%
+
1,540
R1,000,000 for 55+
7.85%
7.55%
+
1,540
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Sasfin over and above Discovery.
    A negative amount means that Discovery offers more than Sasfin.
How to read this table?

You get a 7.85% interest rate at Sasfin for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.55%. Over 6 months you will earn R1,540 more in interest at Sasfin compared Discovery.

How do Sasfin interest rates compare to other banks?