Discovery Bank wants to be competitive with its transactional banking account in three major areas. These are: fees, rewards and interest rates.
These are: fees, rewards and interest rates.
He said Discovery Bank would offer basic transactional accounts only, as well as structured accounts that would include transactional and savings accounts and credit cards.Gore said the Discovery 1 bank account would be a “very basic transactional account”, which would offer a credit card and savings account.
The Vitality savings account would have zero fees, a dynamic savings rate, Vitality cashbacks and rebates that would be paid into the account.
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