Interested in opening a Discover® Online Savings Account? Find the latest Discover Savings bonus, offer codes, promo codes, and promotion here! Member FDIC.
Available nationwide, the Discover Online Savings Account that offers to kick-start your savings with 4.25% APY – one of the highest rates online!
Discover Bank is FDIC-insured. Enjoy online convenience and high interest yields while receiving a safe and secure way to save money each month.
Discover Savings Summary
Open a Discover® Online Savings Account for all these features: • Earn high interest rate of 4.25% 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 |
Discover Savings Information
Direct Link to Offer | |
Account Type | Online Savings Account |
Availability | Online nationwide |
What’s the offer? | N/A |
Current APY | 4.25% |
Promo Code | N/A |
How to open | Online or by phone (1-800-347-7000) |
How to qualify | Must be your first Discover Online Savings Account. |
When you’ll receive it | N/A |
Account monthly fee | $0; There are no fees or minimum balance requirements |
Account closure fee | None |
Account Features
- No minimum opening deposit.
- No minimum balance requirement.
- Interest is compounded daily and credited monthly.
- Now with no fees.
- Auto Savers plan which automatically transfers money from your personal checking account into your savings account each month.
- FDIC insurance up to $250,000.
- Manage your account online or with the Discover mobile banking apps. Features include checking your savings account balance, viewing recent activity, viewing earned interest, and the ability to make and set up transfers, and works on the Android, iPhone, and Blackberry devices.
Are My Deposits Safe?
Yes, Discover Bank is a member of the FDIC. FDIC deposit insurance is $250,000 per depositor, per deposit ownership category.
The FDIC provides separate insurance coverage for funds that depositors may have in different categories of legal ownership. The FDIC refers to these different categories as ownership categories.
About Discover Bank
Discover strives to be the leading digital bank and payments services company.
Their mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.
PROMOTIONAL LINK | OFFER | REVIEW |
Discover® Bank Online Savings terms apply | 4.25% APY | Review |
Discover® Checking | $360 Cash Back | Review |
Discover® Bank CD | Up to 4.70% APY | Review |
Discover® Bank Money Market | Up to 4.05% APY | Review |
Discover® Bank IRA CD | Up to 4.70% APY | Review |
Bottom Line
If you’re on the search for an account that offers a highly competitive annual percentage yield (APY) rates on your funds, and low fees, then you’re definitely looking at the right spot.
To conclude, the Discover Savings Account is the right fit for you if you’re looking for all three in one account.
See our full list of Bank Rates for all the best online banks plus more Discover Bank promotions! For more, see our list of the latest bank bonuses.
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