You can earn a 0.95% APY on all of your deposited balances with an online Savings Account from Discover Bank.
Just Open a Discover Savings Account with a minimum opening balance of only $500 to get started and earn a 0.95% APY on all balances.
Discover Online Savings Account Features
- 0.95% APY on All Balances.
- $500 Minimum Opening Deposit (send a check or transfer funds from an existing bank account).
- No Monthly Fee.
- No Minimum Balance Required.
- $0 Official Bank Checks.
- $0 Expedited Delivery for Official Bank Checks.
- $0 Incoming Wire Transfers.
- Interest Compounded Daily and Paid Monthly.
- View Savings Account Balance and Activity Online or in Mobile App.
- Deposit Checks on the Go or Grow Your Savings with Automatic Transfers.
- Move Money In and Out of Your Savings Account Easily and Securely.
- Open a Discover Savings Account in Minutes with Your Address, Phone, Email, and Social Security Number (or other taxpayer ID).
- Funds on Deposit at Discover Bank are FDIC-Insured up to the Maximum Allowed by Law.
Open a Discover Savings Account to earn a higher interest rate compared to the national average for a regular savings account.
Discover Savings Account Review
I personally have multiple online deposit accounts with Discover Bank, including Savings, Cashback Checking, and Certificate of Deposits.
I find their online account system to be extremely simple to use, especially when it comes to moving money around between Discover accounts and outside banks.
They are also one of the most responsive banks around when it comes to their actual human customer support, as you can easily get help when you need it by phone or email.
Overall, Discover Bank is a great online banking service for your everyday deposit account needs, allowing you to earn high interest rates and enjoy simple banking services.