Interested in opening a Discover® Online Savings account? Find updated Discover Savings bonus, coupons, promotions, and offers here.
Available to residents nationwide, apply for your first Discover Online Savings account to earn 4.20% APY.
Update 9/10/24: The rate has decreased to 4.20% APY (from 4.25%).
The account has no fees, no minimum balance requirements, and no hassle!
I’ll review the Discover Savings offer below.
Discover Online Savings Summary
Open a Discover® Online Savings Account for all these features: • Earn high interest rate of 4.20% 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 |
Account Features
- 24/7 Live Customer Support: You get live customer support at a click of a button around the clock. They pride themselves on high customer service and the quality of help you’ll get.
- FDIC Insured: Your funds are insured by the Federal government, up to $250,000.
- No Minimum Balance Requirement & No Fees: This is by far the biggest benefit with no fees or minimum.
- Auto Savers Plan: Discover will help you save money by setting up automatic transfers from your linked Checking account to go into your Discover Online Savings Account each month.
- Discover’s Mobile Banking App: Available for Android and iPhone, account holders will have access to all your main features such as viewing your account balance and recent activity to making transfers.
Account Fees
None; now with no fees
Discover Savings Eligibility Requirements
You’ll need to meet the following to apply for a new account with Discover Bank:
- Be a U.S. citizen
- Be at least 18 years of age
- Have a valid Social Security number or taxpayer ID
- A physical address in the U.S.
Required Information to Open An Account
You will need the following ready to open an account:
- Name
- Date of birth
- Address
- Social Security number or tax identification number
- Information on Employment
Conclusion
You will be earning a great, competitive APY rate with your new Discover Online Savings Account. I personally recommend Discover as their customer service is top notch.
This is truly the most convenient and easiest online savings account to have!
This account is a great one to keep in the long run. It has no fees and a relatively high interest rate among other savings accounts.
From 24/7 Customer Service to competitive rates and easy online access, Discover is consistently striving to give their customers more.
If you are looking for even higher interest rate for short to long term investments, then check out Discover’s CD rates instead.
Find all there is to best savings rates from our exclusive list nationwide!
See our list of the latest offers & promotions from Discover Bank on their money market, CDs, checking, IRAs, savings accounts, and more.
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