Discover Bank is offering 1.20% APY Rate when you open their Online Savings Account. From 24/7 Customer Service to consistently competitive rates and easy online access, Discover is consistently striving to give their customers more. With their Savings Account, there is no minimum opening deposit and no monthly or hidden fees. Their rate is 5x the national average and your money is FDIC insured so sign up today!
For those looking for a high-yield online savings account with very competitive rates, you won’t find a better bank than the Discover Bank Online Savings Account. I give my full recommendation since I have this savings account myself to earn a high interest rate of 1.20% APY. If you are looking for even higher interest rate for long term investments, then check out Discover’s CD rates instead.
Discover Bank Online Savings Summary:
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- Account Type: Online Savings Account
- Maximum Bonus: None
- Rate: 1.20% APY
- Availability: Nationwide
- Expiration Date: None
- Credit Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Additional Requirements: None
- Monthly Fee: None
- Early Termination Fee: None
Discover Bank Online Savings Features:
- 24/7 Live Customer Support: You get live customer support at a click of a button around the clock. They pride themselves on high customer service and the quality of help you’ll get.
- $250,000 FDIC Insured: Your funds are insured by the Federal government up to $250,000.
- No Minimum Balance Requirement & No Monthly Fees: This is by far the biggest benefit with no fees or minimum. Your money will earn the 1.20% APY!
- Auto Savers Plan: Discover will help you save money by setting up automatic transfers from your linked Checking account to go into your Discover Online Savings Account each month.
- Discover’s Mobile Banking App: Available for Android and iPhone, account holders will have access to all your main features such as viewing your account balance and recent activity, and making transfers.
With the popularity of online banking, many people are signing up for online savings accounts with higher rates than your local brick-and-mortar bank. If you need to park your money somewhere for a short term, then sign up today for Discover Bank’s Online Savings to earn a high rate of 1.20% APY! With secure account and money protection, Discover Bank is a great online bank. They offer 24/7 phone service and 24/7 access to your account. Find all the best savings rates from our exclusive list nationwide!