Discover Banks offers one of the best high-yield online savings account in the nation. Since the interest rate change constantly, Please visit the Discover online savings website to see the current interest rate. Discover acquired online savings accounts from ETrade in 2010. Discover online savings account lets you save money at a competitive interest rate.
Features of Discover Online Savings Account
- Accounts can be opened online at DiscoverBank.com
- Competitive Interest rate
- Access when you need it
- Discover Bank accounts are FDIC-insured (up to $250,000)
- Low opening deposit ($500)
- No minimum balance required
- You can set up one-time or recurring transfers electronically from any checking or savings account (Transfer money to or from any linked bank account)
Interest is compounded on a daily basis and credited to your account on a monthly basis.
Ways to Fund Discover Online Savings Account
Here are the ways to deposit funds to your Discover Online Savings Account:
- Phone fund transfer
- Online electronic fund transfer
- Wire transfer
- Write a check and mail to Discover Bank
For more information visit Discover Online Savings Accounts page or call 1-800-347-7000.