Interested in opening an interest bearing account with Discover® Bank? Consider the Discover® Bank Money Market account.
If you want a money market account that has high yields and flexible access to your cash, then I recommend applying for the Discover Bank Money Market account. Member FDIC.
If you have a balance under $100,000, you will receive a 3.40% APY rate. However, if you have a balance over $100,000, you will receive a 3.45% APY rate.
Update 6/26/25: Rates have slightly decreased. There is now no minimum deposit required to open an account. Enjoy the feeling of a no-fee Money Market Account. No. Fees. Period. That means you won’t be charged an account fee on our Money Market Account. Earn interest with a high interest rate account while still being able to access your cash via ATM, debit, or checks.
(Visit Discover for more details)
Discover Bank Money Market Account Summary
 • Get started and open a Discover® Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.45%% APY balances $100,000 and over • Earn 3.40% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
How To Open An Account
- Go to Discover Bank online to open your account.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account or an external account at another bank
- Earn up to 3.45% APY on balances above $100,000 in your Discover Bank Money Market account!
Discover Bank Money Market Features
- Easy Cash Access via ATM, debit, or check
- No hidden fees
- Access to over 60,000 free ATMs
- Mobile and Online Banking
Why You Should Apply For This Account
- Great APY Rates: Discover Bank provides great APY rates so you can earn more money. You can receive a competitive rate in comparison to other banks such as Chase or Bank of America.
- No Surprises: Discover Bank lets you know exactly how much they charge. There are no hidden fees and there a many free features you can access.
- Access and Ease: Transfer money, withdraw money, deposit money, view your daily activity, or pay bills in just a few steps. You can do all this online, or on your mobile phone quickly, easily, and most importantly – securely.
Other Discover Accounts To Consider
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.50% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
• Available nationwide online, Discover® offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. |
• Available nationwide online • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY • Step-by-step help available 24/7 by phone • Flexible options: Roth (pay now, save later) & Traditional IRAs (earn now, pay later) • Gather your retirement savings into one place. • Just three steps and you’re on your way to saving with a Discover® IRA CD. |
Bottom Line
Overall, the Discover Bank Money Market account is a decent money market account that offers multiple features, benefits, and a good APY rate.
You can get started on an account right away in just a few minutes by clicking the link and applying online, or you can call and talk to a representative if you need more assistance.
This is a solid money market account, so I really recommend giving it a shot. If not, then don’t forget to check out our complete list of bank bonuses!
Not only do you receive a good APY rate, but you also gain access to many features and benefits Discover Bank has to offer. From access to over 60,000 free ATMs, to flexible and easy ways to access your cash and manage your account, Discover Bank has all the tools necessary to help you succeed financially.
For more, find the latest banking promotions from Discover Bank.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | $150/$200 bonus + 3.50% APY | Review |
| Discover® Checking | $360 Cash Back | Review |
| Discover® Bank CD | Up to 4.00% APY | Review |
| Discover® Bank Money Market | Up to 3.45% APY | Review |
| Discover® Bank IRA CD | Up to 4.00% APY | Review |
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