A perfect savings account   for you

Want to start saving, but feeling a bit overwhelmed by all the choices? We're here to help break it down.
Answer a few questions below and we can help you choose the perfect account for your savings goal.


How often would you like to add to your new savings account?

How much would you like to deposit upfront?
How much would you like to save every month?
How long would you like to save for?

How quickly do you need access to your savings?

Your ideal savings account:  Demand Savings Account  
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  months = R 

This is the savings balance you could potentially have at the end of your savings period based on your answers.

See how you could increase your savings by adjusting how long you save for. Try it out below:

1 month 60 months
3 months 6 months 12 months 18 months 24 months

Calculations are based on the maximum Dynamic Interest Rate percentages.

Calculations are made using nominal annual compounded monthly (NACM) rates.

Why choose the  Demand Savings Account
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Immediate access to your money

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Control how often and how much you want to save

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Save for events, special purchases and emergencies
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Interest rates

  • Earn up to 7.25% interest on your savings with Dynamic Interest Rates
  • With Vitality Money, earn a Dynamic Interest Rate boost by banking healthier. Terms and conditions apply.
  • Read more about interest rates for our products.
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What you get

  • No minimum amount required
  • Control how often and how much you save
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Fees and charges

  • No monthly fee
  • Pay for your day-to-day transactions. View our fees guide.
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What can you do

  • Transfer money between linked accounts
  • Pay your beneficiaries and contacts on your phone using Discovery Pay

We quote your interest at nominal annual compounded monthly (NACM) and period effective rates. All interest rates and fees are as at the publication date.

Remember that our savings accounts don't come with bank cards. You can get physical and virtual bank cards when you open a transaction or credit card account.

Join Discovery Bank  

We offer exceptional banking, combining personalised features, exclusive benefits, world-class service and enhanced rewards. Even better, it's available 24/7, anywhere in the world all on the Discovery Bank app!

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Find the perfect account   for you

Explore our wide range of products for an option that best suits you and your banking needs!

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