Money Market Account

Get cash on the go and earn interest while you’re at it.

Open an Account
If you want to earn interest but need easy access to your cash via ATM, debit and checks, our Money Market Account is for you.

X.XX% APY Opens modal dialog

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. Minimum opening deposit is $2,500.

for balances under $100,000

X.XX% APY Opens modal dialog

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances of $100,000 or more and subject to change daily without notice. Minimum opening deposit is $2,500.

for balances $100,000 and over

No hidden fees? No problem.

Our Money Market Account comes with no hidden fees and First Fee Forgiveness. Should you need it, your first fee is on us. Opens modal dialog

In each calendar year (January 1 through December 31), the first eligible fee charged to each eligible account (which includes Checking, Money Market and Savings accounts) will be automatically waived and credited to your account. Eligible fees include: Excessive Withdrawal, Insufficient Funds, Money Market Minimum Balance and Stop Payment fees). Wire transfer fees are not eligible and will not be waived.

$0
  • ATM use (in the U.S.) Opens modal dialog

    No-fee withdrawals at over 60,000 ATM locations with your debit card. The ATM operator may assess a surcharge at other locations. Some ATMs have limited hours and/or restricted access. You may be charged a fee by the ATM owner if you use an ATM that is not part of our no-fee network. If you encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000.

  • Replacement debit card
  • Expedited delivery (for replacement card)
  • Official bank check
  • Check reorder
  • Account closure
  • Deposited item returned (per item)
  • Incoming wire (from an external bank) Opens modal dialog

    Wire transfers received before 4pm Eastern Time are posted to your Account on the Business Day we receive them. Wire transfers received after 4pm Eastern Time are posted to your Account on the next Business Day, with an effective date of the Business Day the funds were received. In some circumstances, a wire transfer may require additional processing time and will be posted to your Account upon completion of processing, with an effective date of the Business Day the funds were received.

$10
  • Minimum balance fee
  • (per statement cycle) Opens modal dialog

    Must have an average daily balance of at least $2,500 beginning on the third statement cycle; otherwise, a monthly minimum balance fee will be charged.

$15
  • Stop payment (per request)
  • Excessive withdrawal fee (per item) Opens modal dialog

    Limited Transactions

    • Federal law limits certain types of withdrawals and transfers from money market accounts to a combined total of 6 per calendar month per account. An Excessive Withdrawal Fee will apply for each additional limited transaction.
    • There are no limits on official checks mailed to you. To get an account with an unlimited number of transactions, consider opening a Discover Cashback Debit Account.
    • If you go over these limitations on more than an occasional basis, your account may be closed. See Section 11 of the Deposit Account Agreement for more details. 
$30
  • Outgoing wire transfers Opens modal dialog

    Requests received and fully verified at or before 3pm Eastern Time on a Business Day will be processed as of that Business Day. Wire transfer requests received and fully verified after 3pm Eastern Time on a Business Day, or at any time on a day that is not a Business Day, will not be processed until the next Business Day.

  • Insufficient funds fee (1 fee max/day)
Get Started

It’s your future. We just help make it count.

See how soon you can get where you're going with our money market interest rate calculator. Opens modal dialog

Assumes principal and interest remain on deposit and interest rate and APY do not change for one year. The values shown are for illustrative and informational purposes only and may not apply to your individual circumstances. 

$
Please enter an amount between $2,500 and $5,000,000.
Yearsyrs
Opens modal dialog

‘Total savings’ equals initial deposit plus interest earned over duration of time chosen.

WITH OTHER BANKS
Customers at Chase would only earn in interest.
Compare other banks
Other banks

Total interest you’ll earn with us

With them:
Chase
Wells Fargo
Ally
U.S. Bank
Citibank
Fifth Third Bank
PNC Bank
Capital One

We’re right on your way.

See which of our over 60,000 no-fee ATMs are at the stores you already frequent. Opens modal dialog

Some ATMs have limited hours and/or restricted access. You may be charged a fee by the ATM owner if you use an ATM that is not part of our no-fee network. If you encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000.

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    Take your account with you.

    Our app helps you make the most of your Money Market Account wherever you are.

    Temporarily freeze your debit card from the app if you ever misplace it.
    Get access to your Money Market Account on the go with one of our no-fee ATMs near you.
    Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet. Opens modal dialog

    For more information regarding the Discover Bank Mobile Check Deposit Service, click here.

    Check on your Money Market Account easily. Anytime. You can even skip the passcode and log in with touch or face ID. Opens modal dialog

    Face ID is currently available to iOS users.

    We score out of 5 stars! Opens modal dialog

    Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily.

    Get the best of both worlds.

    Enjoy high-yield money market interest rates plus easy access to your cash.