RS
Riaan S
1 reviews | Active since Jun 2021
29 Sept 2022, 13:20
Interest Rate adjustments - bank not adjusting accordingly on investment only on borrowing
Discovery Bank borrowing rates move the day when the new Repo rate comes into effect, as the underlying base rates are generally linked to Prime however when the interest rate has gone up by .75% and have seen no change with discovery bank in positive balance meaning investment account. Scary why this is not linked as well. Bank making money and customer not gaining??? Please explain.....
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Replies (1)Discovery Bank's replyOfficial
29 Sept 2022, 13:43Hi, Riaan
Thank you for bringing this matter to our attention. We will investigate this matter and give you feedback.
Regards,
Lebohang
Regards,
Lebohang
Discovery Bank's reply29 Sept 2022, 13:43
Official
Hi, Riaan
Thank you for bringing this matter to our attention. We will investigate this matter and give you feedback.
Regards,
Lebohang
Regards,
Lebohang
