Absa vs Discovery Bank
best recorded rate per product · 1 Nov 2026
| Product | Absa | Discovery Bank |
|---|---|---|
| Savings | 7.75% rate Absa Instant Savings · R10,000,000 - R24,999,999.99 · standard rate · 2026-11-01 | 4.75% nominal Demand Savings Account · 2026-11-01 |
| Fixed deposits | 10.07% rate Dynamic Fixed Deposit Including Digital Bonus · 60 months · R 1,000,000 + · 0% access · Maturity · incl. digital bonus · senior 55+ · bonus · 2026-11-01 | 10.17% effective Fixed Deposit Account · Interest at maturity (Effective) · 5 years · from R10 000 · 2026-11-01 |
| Notice deposits | 8.15% rate Notice Select · 100/0 split · R10 000 000 – R9 999 999 999 · 45 days · digital bonus rate · 45 days' notice · bonus · 2026-11-01 | 7.55% nominal Notice Savings Account · 90 day notice · 90 days' notice · 2026-11-01 |
| Tax-free savings | not recorded | 7% nominal Tax-Free Demand Savings Account · 2026-11-01 |
Rates compare only on the same basis. Conditions, minimums and eligibility differ; follow each row to the bank page for detail.