Read about the Demand Savings account
Looking for a simple, flexible way to save while still earning great interest? The Discovery Bank Demand Savings Account might just be your perfect match. With interest rates of up to 6.5%, you can grow your money while keeping it accessible whenever you need it.
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Interest Rate
Earn up to 6.5% interest on your savings with Dynamic Interest Rates.
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Access to funds
Immediate access to your money.
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Opening Deposit
Control how often and how much you want to save.
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Monthly Fees
No monthly fee.
Tax Implications
• Interest earned on this account is subject to income tax.
• Individuals can earn up to R23,800 (under 65) or R34,500 (65+) in interest tax-free per tax year.
• If your total annual interest earned across all accounts exceeds these thresholds, you must declare it to SARS.
Read More
Read about the Demand Savings account
Looking for a simple, flexible way to save while still earning great interest? The Discovery Bank Demand Savings Account might just be your perfect match. With interest rates of up to 6.5%, you can grow your money while keeping it accessible whenever you need it.
Read More
