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% |
Check out the full
Discovery fixed deposit review for March 2026
or the
Discovery fixed deposit calculator