MONEY MARKET

Earn high yields with flexible access to your cash.

0.75% APY Info balances under $100,000
0.80% APY Info balances $100,000 and over

MAKE IT COUNT

No matter how much you have, you'll make more with us.

Account Balance
Discover
Money Market Account
APY Info
$100,000 and over
$50,000 - $99,999
$25,000 - $49,999
$10,000 - $24,999
$5,000 - $9,999
$2,500 - $4,999
$0 - $2,499
Can't beat the Discover Bank Money Market account. Good rate of return, total liquidity and check writing. What more could I ask for?- ChiTownKen Feb. 2015

See more reviews

NO SURPRISES

We don't hide the few fees we have.

Always Free
ATM use Info

(in the U.S.)

$0

Replacement

debit card

$0
Expedited delivery

(for replacement card)

$0
Official bank

check

$0
Check reorder $0
Account closure $0
No Hidden Fees
Deposited item returned $15

per item

Stop payment $15

per request

Excessive

withdrawal fees Info
$15

per item

Outgoing wire

transfers

$30
Insufficient funds fee

(1 fee max/day)

$30

HELLO THERE

Get cash fast at over 60,000 free ATMs .

RESULTS

With our higher rate of % APY Info
it will only take you

to achieve your goal of if you start with and save per month.
Info
And With
% APY Info you save

Start with

$

Monthly

$

Total

$

Compare

How we calculate this chart Info

SET A GOAL

Got a number in mind? See how soon you can reach it.

How much can you start with?

$

How much can you afford to save each month?

$

What's the total you're hoping to save?

$

ACCESS & EASE

The flexible way to earn, with easy
access to your cash. Info

Move money easily and securely with just a few clicks or taps.

Info

SIMPLE TO START

Get started and open a Discover Money Market Account in minutes.

Enter your info

We'll need your address, phone, email and social security number (or other taxpayer ID).

Fund your account

Open with as little as $2,500. You can send us a check or transfer funds from an existing bank account.

Done!

We'll send a confirmation email, then watch for your Welcome Kit.

or

1-800-347-7000 to have one of our U.S.-based Banking Specialists help you open an account.

RATINGS & REVIEWS

See what people are saying about their Discover Money Market Account.

Info

Great Card

Username: Anonymous Location: New Jersy

This card is great, once my friend recommended me to this card I gotten $50. I could get it by check or use it to pay my bill. Not only that I still get more points.

I love this Card

Username: Emiee Location: Florida

This card is great, once my friend recommended me to this card I gotten $50. I could get it by check or use it to pay my bill. Not only that I still get more points

Discover it Card

Username: Anonymous Location: Georgia

This card is great, once my friend recommended me to this card I gotten $50. I could get it by check or use it to pay my bill. Not only that I still get more points

BANKING TOPICS

Learn about the advantages of Money Market Accounts.

NOV 3, 2014

Advantages of Saving with a Money Market Account

A money market account is a good choice if you want to protect your money from inflation...

Read MoreAbout Advantages of Saving with a Money Market Account

QUESTIONS?

Here's what other people like you wanted to know about our Money Market Account.

Click here to open an account, or you can call one of our U.S.-based Banking Specialists 24/7 at 1-800-347-7000.

The minimum opening deposit is $2,500.

  • Complete an online transfer from an eligible Discover Bank account
  • Complete an online transfer from an external bank account to your Money Market account
  • Set up Direct Deposit PDF Document
  • Deposit a check with Discover's Mobile Check Deposit using your mobile device
  • Set up a Wire Transfer PDF Document - wire funds to:
    • BNY Mellon Bank: Routing Number 043000261
    • Discover Account – 9914394
    • Further credit your name and your Discover Bank account number
  • Mail a check that is made payable to you with a deposit slip or your account number on the memo line to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130
  • Travelers Checks are not accepted for deposit

Online Bill Pay is a free online service you can use to pay most companies and individuals via your Discover Money Market Account.

You will need to log in to your account to sign up for Online Bill Pay. Once you are logged in, select "Make a Bill Payment" from the Payments drop down.

No. Discover Bank's Online Bill Pay service is offered at no charge.

You can use Online Bill Pay for your utilities, credit card payments, insurance premiums or other companies. You can also pay individuals, such as landlords, contractors, relatives, etc.

Note:You may make up to six withdrawals from your Money Market Account per calendar month, including preauthorized, automatic and telephone transfers, debit card purchases, and checks. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limits during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

Yes, bill payments to individuals or organizations outside of the United States are not eligible for the Online Bill Pay service. In addition, payments that violate any law, statute, ordinance or regulation, and any payments related to illegal gambling, illegal gaming and/or any other illegal activity are prohibited through the service.

Also, payments to governmental agencies, including but not limited to, the Internal Revenue Service, all state and local tax authorities, collection agencies, as well as recipients of court-ordered payments like child support or alimony are highly discouraged and are not covered by our Bill Pay Protection policy in our Online Security Guarantee.

Bill payments are sent electronically or by check sent in the mail to your payee. Discover Bank guarantees that your bill payment will reach your Payee by the "Deliver By" date.

Most bills paid to companies are debited on the deliver by date. Bills paid to individuals are typically debited only after the check has been cashed by the payee.

One-time bill payments cannot be scheduled for delivery on a weekend or holiday. However, if a repeating bill payment is scheduled for a weekend or holiday, the payment will be initiated to the payee on the preceding business day.

An eBill is an electronic version of a paper bill that is viewable in the Bill Pay of the Account Center. If you are enrolled in eBills, you will have the ability to view and pay bills online anytime.

To sign up to have your bills sent electronically, you will need to log into your account and select the "eBills" option from the drop down menu under the Payments tab. Once on the bill payment page, select "Manage eBills" and choose the appropriate payee from the Request/Cancel eBills drop down menu.

Each payee determines whether or not they will support eBills. For questions about a particular payee's policy, please contact the payee directly.

To unenroll from an eBill, you will need to log into your account and select the "eBills" option in the drop down menu under the Payments tab. Once on the bill payment page, select "Manage eBills" and select the payee from the Request/Cancel eBills drop down menu.

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