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Discovery Bank rates: up to 10.17% effective

neobank · www.discovery.co.za/bank

Savings

ProductTerm / tierRateBasisRecordedHistoryChange
Demand Savings Account 4.75%nominal2026-11-01 since 2026-11-01
Discovery Bank Transaction Account 0.1%nominal2026-11-01 since 2026-11-01
Vitality Savings Account 4.75%nominal2026-11-01 since 2026-11-01

Fixed deposits

ProductTerm / tierRateBasisRecordedHistoryChange
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 6.85%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 3 months · from R10 000 6.89%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest upfront (Effective) · 3 months · from R10 000 6.77%effective2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account10% accessible portion · 3 months 6.77%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account20% accessible portion · 3 months 6.68%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account30% accessible portion · 3 months 6.60%rate2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 7.05%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 6 months · from R10 000 7.15%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest upfront (Effective) · 6 months · from R10 000 6.91%effective2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account10% accessible portion · 6 months 6.95%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account20% accessible portion · 6 months 6.84%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account30% accessible portion · 6 months 6.74%rate2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 7.50%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 1 year · from R10 000 7.76%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest upfront (Effective) · 1 year · from R10 000 7.20%effective2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account10% accessible portion · 1 year 7.38%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account20% accessible portion · 1 year 7.25%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account30% accessible portion · 1 year 7.13%rate2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 7.60%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 18 months · from R10 000 8.02%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest upfront (Effective) · 18 months · from R10 000 7.16%effective2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account10% accessible portion · 18 months 7.47%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account20% accessible portion · 18 months 7.33%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account30% accessible portion · 18 months 7.20%rate2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 7.75%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 2 years · from R10 000 8.35%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest upfront (Effective) · 2 years · from R10 000 7.16%effective2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account10% accessible portion · 2 years 7.60%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account20% accessible portion · 2 years 7.45%rate2026-11-01 since 2026-11-01
Hybrid Fixed Deposit Account30% accessible portion · 2 years 7.30%rate2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 7.90%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 3 years · from R10 000 8.88%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest upfront (Effective) · 3 years · from R10 000 7.01%effective2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest monthly (NACM) · from R10 000 8.25%nominal2026-11-01 since 2026-11-01
Fixed Deposit AccountInterest at maturity (Effective) · 5 years · from R10 000 10.17%effective2026-11-01 since 2026-11-01

Notice deposits

ProductTerm / tierRateBasisRecordedHistoryChange
Notice Savings Account24 hour notice · 1 days' notice 4.85%nominal2026-11-01 since 2026-11-01
Notice Savings Account32 day notice · 32 days' notice 7.45%nominal2026-11-01 since 2026-11-01
Notice Savings Account60 day notice · 60 days' notice 7.5%nominal2026-11-01 since 2026-11-01
Notice Savings Account90 day notice · 90 days' notice 7.55%nominal2026-11-01 since 2026-11-01

Tax-free savings

ProductTerm / tierRateBasisRecordedHistoryChange
Tax-Free Demand Savings Account 7%nominal2026-11-01 since 2026-11-01

Sources and evidence

PageLast capturedLast resultDigest
www.discovery.co.za/bank/discovery-savings-fees2026-11-01 13:02 UTC ok5c63dbb5cc77