Savings accounts rates and fees

Discovery Fixed Deposit Account

Savings interest rates Deposit 3 months 6 months 12 months 18 months 24 months
Interest monthly (NACM)* R1 000+ 7.15% 7.25% 7.80% 8.10% 8.25%
Interest at maturity (Effective)** R1 000+ 7.19% 7.36% 8.08% 8.58% 8.79%
Interest upfront (Effective)** R50 000+ 7.06% 7.11% 7.48% 7.61% 7.58%

*NACM: Nominal annual compounded monthly
**Effective: The rate is applied to the principal amount invested.

Discovery Tax-Free Savings Account

Fees that may apply to your account
Monthly fee Free
Inter-account transfers Free
Electronic funds transfers R15
Real-time payments R35

Discovery Notice Savings Account

Fees that may apply to your account
Monthly fee Free
Inter-account transfers Free
Electronic funds transfers R15
Real-time payments R35

Discovery Savings Account

Fees that may apply to your account
Monthly fee Free
Inter-account transfers Free
Electronic funds transfers R15
Real-time payments R35
Debit order fee R15
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