Discover Online Savings
Savings Account
756 people have explored a Discover account this week
4.2
24/7 Support
Trusted Brand
Account Images
Account Overview
3.50% APY
Annual Percentage Yield
Minimum Deposit$0
Monthly FeeNo Fee
FDIC Insured
Yes
About This Account
Discover Bank offers a competitive online savings account with no fees and excellent customer service. Known for their cashback credit cards, they bring the same customer-first approach to their banking products.
Key Highlights
- No minimum balance requirement
- Excellent customer service ratings
- Part of established Discover brand
- Mobile app highly rated
Pros
- High APY of 3.50%
- No monthly fees or minimums
- 24/7 customer support
- Strong mobile banking app
- Established, trusted brand
Cons
- No physical branches
- Limited additional banking products
- No ATM card for savings account
Features & Benefits
Competitive APY with no minimum balance
No monthly maintenance fees
FDIC insured up to $250,000
24/7 customer service
Mobile and online banking
Cashback rewards on purchases
Customer Reviews(10 reviews)
4.2
"I have used Discover Bank simply as a savings account for several years. Unlike my bank that pays almost no interest, I am getting 3.5% on my savings at Discover. I occasionally transfer money to & from my checking account and have had no problems at all with transactions. I also had a CD for 2 years with no issues."
Trustpilot
2024"I can't believe the low rating for Discover Bank. Any time I've called customer service, they are US based and courteous and helpful."
Reddit
2024"Mobile-first savers: If you prefer handling your banking through a well-designed app with seamless account management, Discover's top-rated mobile experience makes it an excellent choice."
Motley Fool
20253.50% APY
Current Rate
756
people explored this account this week
Rates subject to change. Terms and conditions apply.
Quick Facts
Account TypeSavings Account
Min. Opening Deposit$0
Monthly Maintenance FeeNone
FDIC InsuredYes
Customer Rating4.2/5