Earn high yields with flexible access to your cash.

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

Named one of NerdWallet's

Best Money Market Accounts for 2018


Get cash fast at over 60,000
no-fee ATMs. Info About Data


We don't hide the few fees we have.

Our money market account has first fee forgiveness and no hidden fees, so you can focus on maximizing your savings.

No Hidden Fees
ATM use Info

(in the U.S.)



debit card

Expedited delivery

(for replacement card)

Official bank


Check reorder $0
Account closure $0
Deposited item returned $0

per item

Total Transparency
Minimum balance fees Info $10

per statement cycle

Stop payment $15

per request


withdrawal fees Info

per item

Outgoing wire


Insufficient funds fee

(1 fee max/day)



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.
And With
% APY Info you save

Start with







How we calculate this chart Info


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?



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


Get started and open a Discover Money Market Account in 3 easy steps.

Enter your info

We'll need your physical 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.


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


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


Learn about the advantages of Money Market Accounts.


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
  • 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 enroll in Online Bill Pay. Your account must have a positive available balance

on the day you enroll. Once enrolled, select "Make a Bill Payment" from the Payments drop down.

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

Note: There is a maximum limit of six (6) withdrawals and transfers per calendar month from money market accounts. If you exceed the maximum withdrawals or transfers we may assess an excessive withdrawal fee or refuse to pay each transaction in excess of the limits. If you exceed the transaction limitations on more than an occasional basis, we reserve the right to close your account or change your account to a checking account.

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: 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.

* 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 ATM withdrawals or official checks mailed to you. To get an account with an unlimited number of transactions, consider a opening 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.

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.

Your bill payments may be processed using one of several methods: electronic payment, single check, or laser draft check. Both the single and laser draft checks result in a physical check being mailed to the payee. Discover Bank guarantees that your bill payment will reach your Payee by the "Deliver By" date. Single checks are only valid for 90 days.

An "electronic payment" means funds are withdrawn immediately from your account and sent electronically (via the Automated Clearing House (ACH)) to 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.

The term eBill stands for "electronic bill" and is an electronic version of your paper bill delivered to you automatically through the Account Center. Once enrolled for 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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