Residents nationwide can now enjoy a generous 3.95% APY Rate for their new Money Market Account through Discover Bank when you open an account with a balance above $100,000. Member FDIC.
Customers who apply can bank with confidence knowing Discover Bank is one of the most trusted financial institution available in the nation.
Discover 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 3.95% APY balances $100,000 and over • Earn 3.90% APY balances under $100,000 • Open with as little as $2,500 • Save time and deposit checks securely through the Discover mobile app • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs • Move money in and out of your money market account easily and securely with just a few clicks or taps |
Discover Money Market Account Information
- Direct Link to Offer
- Account Type: Money Market
- Availability: Nationwide (ATM Locator)
- Credit Inquiry: Soft Pull
- Minimum Opening Requirement: $2,500
- Direct Deposit Requirement: None
- Monthly Fee: No fees
- Early Termination Fee: None
Discover Money Market Account Rates
Not only do you get to enjoy a host of features to better your banking experience, but you also get to enjoy one of the nation’s highest APY rate! There are a lot of banks that offers high APY rates.
However, when you think about it, what’s better than one a Money Market Account with a competitive APY rate through one of the most trusted firms?
| Current Money Market Rates | |
| Balances Under $100,000 | Balances $100,000 & Over |
| 3.90% APY | 3.95% APY |
How To Open An Account
- Sign up for an account by entering your information. Discover Bank will need your address, phone, email and social security number (or other taxpayer ID).
- Fund your account with as little as $2,500. You can send us a check or transfer funds from an existing bank account.
- Done! Discover Bank will send a confirmation email, then watch for your Welcome Kit on how to start your new account experience!
Eligibility
You must meet the following to be eligible to open a Discover Money Market account:
- Have a valid Social Security number or tax ID number.
- Be 18 years of age or older.
- A minimum opening deposit of $2,500 is needed.
Required information
To open a Discover Money Market account, you will need have the following pieces of information ready to sign up:
- Your name, date of birth, and address
- Phone number
- Your social Security number or tax ID number
- Information on employment
How To Waive Monthly Fee
Discover Money Market Account: No Monthly Service Fees.
Other Notable Discover Accounts To Consider
 Open a Discover Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code BCS223 by 06/15/2023 • Earn high interest rate of 4.00% 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 get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code BCS223 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. 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 the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. |
• Get started and open a Discover CD in 3 easy steps. • Available nationwide online • Discover offers CDs with some of the highest and most competitive rates! • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.75% 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. • Start today with a minimum deposit of $2,500! |
• Just three steps and you’re on your way to saving with a Discover IRA CD • Available nationwide online • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.75% APY • Start today with as little as $2,500! • 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. |
Conclusion
Discover Bank is offering a competitive APY rate for their Money Market Account. If your balance is over $100,000, you will receive the full APY. If not, then you will receive a slightly lower tier rate which isn’t too bad however. With secure account and money protection, Discover Bank is a great online bank. They offer 24/7 phone service and 24/7 access to your account.
There is only a $2,500 minimum deposit and you can easily sign up online, so start growing your savings today! However, if you are not currently interested, then be sure to see our complete list of the Best National CD Rates for all your banking needs!
If you are interested in opening a new account, be sure to apply as soon as you can or check out our list of Discover Bank Promotions! In addition, you can also check out other great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, TD Bank, or CIT Bank.
(See advertiser website for full details)
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
| BONUS LINK | OFFER | REVIEW |
| Discover Bank Online Savings terms apply | Up to $200 Cash + 4.00% | Review |
| Discover Bank CD | Up to 4.75% APY | Review |
| Discover Bank Money Market | Up to 3.95% APY | Review |
| Discover Bank IRA CD | Up to 4.75% APY | Review |
