Bank Zero vs Discovery Bank
best recorded rate per product · 1 Nov 2026
| Product | Bank Zero | Discovery Bank |
|---|---|---|
| Savings | 6.50% rate Savings · ≥ R1m · 2026-11-01 | 4.75% nominal Demand Savings Account · 2026-11-01 |
| Fixed deposits | not recorded | 10.17% effective Fixed Deposit Account · Interest at maturity (Effective) · 5 years · from R10 000 · 2026-11-01 |
| Notice deposits | 7.47% rate 45 Day Notice · ≥ R1m · 45 days' notice · 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.