Find updated Discover Savings bonuses, coupons, promotions, and offers here.
Available to residents nationwide, apply for your first Discover Online Savings account to earn 0.40% APY. The account has no fees, no minimum balance requirements, and no hassle! This is truly the most convenient and easiest online savings account to have!
From 24/7 Customer Service to competitive rates and easy online access, Discover is consistently striving to give their customers more.
Check out our Discover Bank Bonuses page for all the latest products such as Money Market, CDs, Checking, IRAs, etc.
I’ll review the Discover Savings offer below.
Table of Contents
Discover Online Savings Summary
 Open a Discover Online Savings Account for all these features: • Earn high interest rate of 0.40% 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 |
Discover Online Savings Information
- Apply Now at Discover
- Account Type: Online Savings Account
- Availability: Nationwide
- Expiration Date: None
- Credit Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Monthly Fee: None; now with no fees
- Early Termination Fee: None
(See advertiser website for full details.)
Rate Requirements
*See advertiser website for full details.*
How To Open Account
- Apply for your first Discover Online Savings Account through BankCheckingSavings.com
- Enter your information, such as address, phone, email and social security number.
- Fund your first savings account with any amound
- Finally, verify information and electronically sign your application. They may ask your to verify some information on your credit report such as old addresses or loans.
- Earn 0.40% APY on your deposits.
- 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.
None; now with no fees
Online Savings Account
Discover is a very well known bank and a reliable place to invest your savings. They offer a better rate than almost all major traditional banks. Rather than being tiered, the rate you get applies to ALL balances.
New accounts don’t need a minimum balance to open. Plus, there are no monthly minimums or maintenance fees that you’ll typically find with your local banks.
All money transfers must occur online. There are several options for this process. The easiest is to link your current Checking account to your Discover Online Savings account and transfer your money that way.
Other Notable Discover Accounts To Consider
 -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 0.35% APY balances $100,000 and over • Earn 0.30% 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 |
• 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 0.20% APY up to 0.60% 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 0.20% APY up to 0.60% 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
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.
If you have excess funds sitting in your checking account, start earning interest on your funds. Open an account today!
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.
If you are looking for even higher interest rate for long term investments, then check out Discover’s CD rates instead. Find all there is to best savings rates from our exclusive list nationwide!
