Discovery Fixed Deposit Account Review for March 2026

Last updated 1st March 2026 by Walter

Introduction

The Discovery Fixed Deposit Account is a fixed deposit offered by Discovery. Unlike savings accounts, fixed deposits lock in your interest rate for the full term, giving you certainty on your returns.

This page summarises interest rates offered by Discovery Fixed Deposit Account and compares them to South Africa's fixed deposit industry average. So you can get a good idea how the interest rates offered by Discovery Fixed Deposit Account compare to other banks.

Discovery website

view official Discovery Fixed Deposit Account page

Discovery Fixed Deposit Account highlights

last updated 1st March 2026 by Walter

R10k
min deposit
6.6% - 7.35%
interest rate
3 month to 5 year
terms
55+
min age

Similar fixed deposits from other banks

Product Min Deposit Rate
African Bank Fixed Deposit R0 6.51% - 9.94%
Access Bank Fixed Deposit R0 6.4% - 7.75%
African Bank Tax Free Investment (12 Months) R0 6.98% - 7.26%