Discovery - Fixed Deposit Rates

Introduction

This page summarises all the fixed deposits offered by Discovery. All the rates shown are sourced from the Discovery website - discovery.co.za. All rates shown on this page have been converted to nominal & effective annual rates! This allows you to compare rates across all banks. Yippee!

The Discovery Interest Calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Here are Discovery's best interest rates

NominalEffective
1 Discovery 60m100k 8.25% 8.57%
2 Discovery 36m100k 7.55% 7.82%
3 Discovery 24m100k 7.25% 7.5%
4 Discovery 18m100k 7.00% 7.23%
5 Discovery 12m100k 6.55% 6.75%
P: only individuals older than 55 qualify
length of term. eg. 60m = 60 months
minimum deposit

The best interest rate you can get at Discovery is 8.57% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 18.

10k Deposit rates for Balances from R10k+

👆 back to ToC
TermNominalEffectiveRank*
3 months 4.65% 4.75%#2
* - Discovery's ranking for a R10k investment

100k Deposit rates for Balances from R100k+

👆 back to ToC
TermNominalEffectiveRank*
6 months 5.50% 5.64%#4
12 months 6.55% 6.75%#4
24 months 7.25% 7.5%#6
36 months 7.55% 7.82%#4
60 months 8.25% 8.57%#10
* - Discovery's ranking for a R100k investment

10kP Deposit rates for Balances from R10k+ for individuals 55 and older

👆 back to ToC
TermNominalEffectiveRank*
3 months 4.65% 4.75%#2
* - Discovery's ranking for a R10k investment

100kP Deposit rates for Balances from R100k+ for individuals 55 and older

👆 back to ToC
TermNominalEffectiveRank*
6 months 5.50% 5.64%#4
12 months 6.55% 6.75%#5
24 months 7.25% 7.5%#6
36 months 7.55% 7.82%#5
60 months 8.25% 8.57%#11
* - Discovery's ranking for a R100k investment