Discovery Bank
Notice Savings Account
Up to 7.3% interest
A Notice Savings Account is ideal to build up savings for large or long-term purchases.
Why choose the Notice Savings Account
A Notice Savings Account offers you full control of when and how much you want to save. You select the notice period when you want to access your savings based on your goal. You'll get a higher savings interest rate for locking in your savings.
Up to 7.3% interest
You choose when you need your money - within 24 hours or 32, 60 or 90 days
Control how often and how much you want to save
What can you do with a Notice Savings Account?
- Start saving from any amount.
- Stay on track with your savings goal by securing a higher interest rate.
What interest can you get with a Notice Savings Account
- Earn 7.2% interest on your savings with a 32-day notice period.
- Earn 7.25% interest on your savings with a 60-day notice period.
- Earn 7.3% interest on your savings with a 90-day notice period.
- Earn a base rate of 4.6% interest with a 24-hour notice period which you can boost to up to 6.1% based on your Vitality Money status and Discovery Bank products you have.
Save more with Dynamic Interest Rates
Wouldn't it be great if your bank gave you better interest rates if you showed that you make smart money decisions? Discovery Bank does just that! You're in control of growing your savings with Dynamic Interest Rates.
Get up to 6.1% on your 24hr Notice Savings Account
4.6%
Base rate
Up to 1.5% boost
Dynamic Interest Rate
Up to 6.1%
Total reward potential
Improve your Vitality Money status and you can improve your interest rates
| Discovery Bank product | Blue  |
Bronze  |
Silver  |
Gold  |
Diamond  |
|---|---|---|---|---|---|
| Gold Transaction Account (Pay-as-you-transact) | 4.6% | 4.675% | 4.75% | 4.975% | 5.1% |
| Platinum or Black Transaction Account (Pay-as-you-transact) | 4.6% | 4.75% | 4.9% | 5.35% | 5.6% |
| Transaction Account (Bundled) | 4.6% | 4.85% | 5.1% | 5.6% | 6.1% |
| Credit Card Account | 4.6% | 4.75% | 4.9% | 5.35% | 5.6% |
| Suite | 4.6% | 4.85% | 5.10% | 5.6% | 6.1% |
We quote your interest at nominal annual compounded monthly (NACM) and period effective rates. All interest rates and fees are as at the publication date. Automatic corporation for deposit insurance (CODI) cover of up to R100,000 per depositor in case of a bank failure and its liquidation.Remember that our savings accounts don't come with bank cards. You can get physical and virtual bank cards when you open a transaction or credit card account.
Always see the Discovery Bank app for the latest interest rates.
What fees and charges do you pay on a Notice Savings Account??
- No monthly fee.
- Withdrawing your funds without giving the required notice will lead to a penalty fee.
How do you apply for a Notice Savings Account
- Log in to your Discovery Bank app.
- Tap Accounts.
- Scroll down and tap Add account.
- Tap Save and Invest.
- Scroll down to the Notice Savings tile and select Get this.
Not a Discovery Bank client yet? Get some of SA's best savings rates and pay no monthly fees. Download the app and sign up in minutes, call us on 0860 000 628 or fill in some quick details and we'll call you.
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Get a savings account that matches your day-to-day and long-term savings goals. Plus you can open multiple accounts, with no monthly fees.