Discover Bank Savings Interest Account
Discover Bank's online savings account rate is 5 times the national average savings rate of 0.24 percent for account balances of at least $2,500. The minimum opening savings account deposit at Discover Bank is $500.
For more information go to: Discover Bank Online Savings Account.
Discover Bank's online savings account has interest compounded daily and credited to your account monthly. Interest compounded daily gives any account a higher annual percentage yield and interest compounded monthly, quarterly or annually.
Discover Bank’s online savings account is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.
You’ll need to fulfill the following requirements and provide the appropriate information when filling out an online savings account application:
Savings account rates change constantly, visit Discover Bank Online Savings Account Rates for current online savings account rates.
Banking & Finance InformationPersonal Finance