Adding a new savings or forex account in your Discovery Bank app is as simple as a few taps

 



Did you know you can open a free savings account with just a few taps in your Discovery Bank app? Plus, you can add as many savings accounts as you need - one for each goal, in fact.

Maybe you're saving for a holiday, or a new couch, or that new gadget you just saw at the mall. Don't delay your planning, open a savings account in a few taps when you have the idea, and start saving towards your goal.

Luckily, you have a bank branch in the palm of your hand - and you can add a new savings or forex account right there and then.

But first, choose the right account for your goal

Saving for something specific, like a dream holiday, a new house or your child's education? It's easier to achieve your goals when you have a separate savings account tailored to each one. Read more on how the right savings account can help you achieve your goal.

Adding a new savings account is quick and easy

With Discovery Bank, you can open a free savings account with just a few taps. Plus, add as many accounts as you need, and choose from a wide range of day-to-day and longer-term investment accounts.

All you have to do is:

  1. Log in to the banking app.
  2. Tap Accounts.
  3. Tap at the top right.
  4. Tap Add account.
  5. Tap Save and Invest.
  6. Complete the salary information and tap Next.
  7. Choose an account from the list and tap See more.
  8. Tick the relevant Ts&Cs boxes and tap Get this.
Watch our videos to see how easy it is to open an account:

Demand Savings Account

Benefits:

  • Immediate access to your money
  • Control how often and how much you want to save
  • Save for events, special purchases and emergencies
  • Up to 4.5% interest

 

Notice Savings Account

Benefits:

  • Give notice when you need your money
  • Control how often and how much you want to save
  • Build up your savings for bigger purchases and events
  • Up to 4.85% interest

 

Fixed Deposit Account

Benefits:

  • Earn higher interest on your savings over a fixed period
  • Invest a lump sum upfront
  • Grow your savings for retirement
  • Up to 9.07% interest

 

Planning an overseas trip? Lock in your travel costs with a forex account

So you've just booked an international holiday on the Vitality Travel platform, Discovery Bank's new shared-value travel booking platform. Now you need to save for the trip, right?

Make sure your travel budget matches reality by saving in a foreign currency. A forex account will protect your money against currency fluctuations and, because it's in a separate account, you won't be tempted to spend it.

With Discovery Bank's new-generation forex accounts, you can grow your savings by making the most of currency fluctuations in real time. The best part? You don't pay anything to move your money between your British Pound, Euro and US Dollar accounts.

You can add a virtual card to use for immediate transactions and a physical forex debit card to use overseas. Both cards automatically select the correct account based on the purchase currency (EUR, GBP or USD).

 

Take your money places with our new-generation forex accounts. Open a forex account in seconds for easier, more convenient international travel.

It's the Future of Banking. Now.

This article is meant only as information and should not be taken as financial advice. For tailored advice, please contact your financial adviser.

Travel is more affordable than ever with Vitality Travel  

Get between 10% and 75% off flights when you book your local or international flights with Vitality Travel. Then, get up to 25% off accommodation from our partners across South Africa including hotels, B&Bs, luxury resorts, thrilling game lodges and more, for all Vitality Health members and qualifying Discovery Bank clients. Enjoy 15% off your next trip when you book exclusive holiday packages. Plus, save up to 25% on car hire.

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