Discovery Interest Rate Review for March 2026

Last updated 1st March 2026 by Walter
7.35%
best rate
9
products
3
account types

Introduction

This page gives you an overview of Discovery interest rates for March 2026. Discovery offers:

  • Savings accounts. Saving accounts give you quick and easy access to your money.
  • Notice accounts. You will need to give Discovery notice before you get access to your money. Interest rates typically higher than your savings account.
  • Fixed deposits. The interest rate for a fixed deposit investment does not fluctuate and is instead fixed throughout your investment period.

The main difference between these three options is ease of access to your money. Savings accounts will provide you with near instant access, but in return you get a lower rate of interest. Notice accounts will provide better interest rates, but you will need to give Discovery notice before getting access to your money. Fixed deposits generally pay the best interest, but you commit your money for a fixed term. In case you do need to withdraw, you can still get access before your term is over but will have to pay a penalty.

Discovery interest rate overview

Here is a table of interest rates available at Discovery. It shows the type of account, deposit and interest rate you can get.

Savings accounts

Discovery offers four types of savings accounts.

Remember the primary benefit of a savings account is easy and quick access to your money.

Notice accounts

Discovery offers four types of notice accounts.

Pays an interest rate of 7.05% for balances over R1.

Pays an interest rate of 7% for balances over R1.

Pays an interest rate of 6.95% for balances over R1.

Pays an interest rate of 4.35% for balances over R1.

Notice accounts pay better interest rates than savings, however, you will need to give notice to the bank before you get access to your money.

Fixed deposits

Discovery offers one fixed deposit products.

Min deposit R10,000. Up to 7.35% for deposits over R10,000.

Fixed deposits typically pay better rates than savings and notice accounts. Your rate is fixed throughout the term.
PS. Check out my Discovery fixed deposit review or the Discovery fixed deposit calculator to find out how much interest you can earn compared to other banks.