Earn a High APY
Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. No minimum deposit required to open an account.
Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances of $100,000 or more, on the entire balance in your Money Market Account, and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. No minimum deposit required to open an account.
This calculator and the values shown are intended for illustrative and informational purposes only and may not apply to your individual circumstances. This calculator uses an Annual Percentage Yield (APY) that is rounded to the nearest one-hundredth of one percentage point, e.g., .01%. However, actual interest earned calculations use an APY that is rounded to the nearest one-thousandth of one percentage point, e.g., .011%. As a result, the estimated interest earned value shown here may vary from the actual interest earned on your account. Calculation assumes principal and interest remain on deposit and interest rate and APY do not change.
Some ATMs have limited hours and/or restricted access. ATM owners may charge a fee at locations outside of our no-fee network.
If you're charged a fee, please be aware that some ATM operators leave the network without notifying Discover and those ATMs may continue to display as "No Fee" in our locator until it can be updated. If you have any issues using an ATM that's displayed in our locator, or if you believe you've been charged an ATM fee in error, contact us at 1-800-347-7000.
There is no minimum deposit to open a Discover Money Market Account.
You are not required to maintain a minimum balance.
We do not charge any account-related fees. However, there is a $30 service charge for each outgoing wire transfer from your Discover bank account. You may be charged a fee by the ATM owner if you use an ATM that is not part of our no-fee network.
Yes, your money market account is eligible for enrollment in our overdraft protection service. Click here for more information about overdraft protection.
Most features will be unavailable online, in the mobile app and by phone. Debit card transactions may be declined. Maintenance ends on Sept 21 at 5 a.m.
