Standard Bank vs Discovery

Interest rates compared

Last updated 3rd August 2025 by Walter

Introduction

This fixed deposit comparison page compares Standard Bank interest rates to Discovery interest rates. All the interest rates shown are sourced from the Standard Bank 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 August 2025.

How do Standard Bank fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Discovery than Standard Bank. Specifically, 21 out of 100 interest rates are better at Standard Bank than Discovery. This means you are more likely to find a better interest rate at Discovery 79% 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)

Standard Bank
8.12%
best rate
Discovery
8.10%
best rate

The best interest rate you can get at Standard Bank is 8.12% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at Discovery, the best interest rate you can get is 8.1% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

But how do interest rates at Standard Bank compare to Discovery across different terms and investment amounts?

3 month fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.49%
7.05%
-
-14
R10,000 for 55+
6.94%
7.05%
-
-3
R100,000 for 18+
6.81%
7.05%
-
-59
R100,000 for 55+
7.04%
7.05%
-
-2
R250,000 for 18+
6.81%
7.05%
-
-148
R250,000 for 55+
7.04%
7.05%
-
-6
R1,000,000 for 18+
6.92%
7.05%
-
-332
R1,000,000 for 55+
7.13%
7.05%
+
213
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.13% interest rate at Standard Bank 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 7.05%. Over 3 months you will earn R213 more in interest at Standard Bank compared Discovery.

6 month fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.49%
7.30%
-
-42
R10,000 for 55+
6.97%
7.30%
-
-17
R100,000 for 18+
6.87%
7.30%
-
-222
R100,000 for 55+
7.05%
7.30%
-
-130
R250,000 for 18+
6.87%
7.30%
-
-555
R250,000 for 55+
7.05%
7.30%
-
-326
R1,000,000 for 18+
6.97%
7.30%
-
-1,689
R1,000,000 for 55+
7.14%
7.30%
-
-820
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.14% interest rate at Standard Bank 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 7.30%. Over 6 months you will earn R820 less in interest at Standard Bank compared Discovery.

1 year fixed deposit interest rates compared

Standard Bank vs Discovery

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

Investment amount Standard Bank1Discovery1 Winner 2
R10,000 for 18+
6.65%
7.50%
-
-90
R10,000 for 55+
7.12%
7.50%
-
-40
R100,000 for 18+
7.09%
7.50%
-
-440
R100,000 for 55+
7.20%
7.50%
-
-320
R250,000 for 18+
7.09%
7.50%
-
-1,100
R250,000 for 55+
7.20%
7.50%
-
-800
R1,000,000 for 18+
7.19%
7.50%
-
-3,300
R1,000,000 for 55+
7.30%
7.50%
-
-2,100
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.3% interest rate at Standard Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.50%. Over 12 months you will earn R2,100 less in interest at Standard Bank compared Discovery.

2 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
7.06%
7.50%
-
-101
R10,000 for 55+
7.50%
7.50%
-
0
R100,000 for 18+
7.47%
7.50%
-
-65
R100,000 for 55+
7.55%
7.50%
+
129
R250,000 for 18+
7.47%
7.50%
-
-162
R250,000 for 55+
7.55%
7.50%
+
323
R1,000,000 for 18+
7.47%
7.50%
-
-646
R1,000,000 for 55+
7.55%
7.50%
+
1,293
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.55% interest rate at Standard Bank 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 7.50%. Over 2 years you will earn R1,293 more in interest at Standard Bank compared Discovery.

3 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
7.15%
7.60%
-
-167
R10,000 for 55+
7.59%
7.60%
-
-3
R100,000 for 18+
7.55%
7.60%
-
-174
R100,000 for 55+
7.65%
7.60%
+
175
R250,000 for 18+
7.55%
7.60%
-
-436
R250,000 for 55+
7.65%
7.60%
+
437
R1,000,000 for 18+
7.55%
7.60%
-
-1,745
R1,000,000 for 55+
7.65%
7.60%
+
1,746
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 7.65% interest rate at Standard Bank 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 7.60%. Over 3 years you will earn R1,746 more in interest at Standard Bank compared Discovery.

5 year fixed deposit interest rates compared

Standard Bank vs Discovery

This table shows Standard Bank'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 Standard Bank1Discovery1 Winner 2
R10,000 for 18+
7.66%
8.10%
-
-329
R10,000 for 55+
8.12%
8.10%
+
14
R100,000 for 18+
8.02%
8.10%
-
-621
R100,000 for 55+
8.12%
8.10%
+
138
R250,000 for 18+
8.02%
8.10%
-
-1,551
R250,000 for 55+
8.12%
8.10%
+
345
R1,000,000 for 18+
8.02%
8.10%
-
-6,205
R1,000,000 for 55+
8.02%
8.10%
-
-6,205
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Discovery.
    A negative amount means that Discovery offers more than Standard Bank.
How to read this table?

You get a 8.02% interest rate at Standard Bank 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 8.10%. Over 5 years you will earn R6,205 less in interest at Standard Bank compared Discovery.

How do Standard Bank interest rates compare to other banks?