Discovery Interest Rate Review for March 2026
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.
| Name | Deposit | Nominal rate |
| Savings | ||
| Discovery Tax-Free Demand Savings Account | R1 | 6.5% |
| Discovery Vitality Savings Account | R1 | 4.25% |
| Discovery Demand Savings Account | R1 | 4.25% |
| Discovery Bank Transaction Account | R1 | 0.1% |
| Notice accounts | ||
| Discovery 90 Day Notice | R1 | 7.05% |
| Discovery 60 Day Notice | R1 | 7% |
| Discovery 32 Day Notice | R1 | 6.95% |
| Discovery 24 Hour Notice | R1 | 4.35% |
| Fixed deposits | ||
| Discovery Fixed Deposit Account | R10k | 6.6% - 7.35% |
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Check out the full
Discovery fixed deposit review for March 2026
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Savings accounts
Discovery offers four types of savings accounts.
Min deposit R1.
Min deposit R1.
Min deposit R1.
Min deposit R1.
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.
Fixed deposits
Discovery offers one fixed deposit products.
Min deposit R10,000. Up to 7.35% for deposits over R10,000.