Discover Bank, the banking arm of Discover Financial Services is offering one of the best savings account rates around these days. Their online savings account rate has an annual percentage yield of 2.00 percent, which is well above the national average savings account rate reported by MonitorBankRates.com this week.
The minimum opening balance for the online savings account is $500. There is no minimum balance requirement to maintain the account. As with all savings accounts, there are Federal regulations that limit your withdrawals to six per statement cycle.
Author: Lisa Graham
August 1st, 2009
