SAVINGS ACCOUNT

You've earned it.
Now earn more with it.

Earn a rate 5X the National Savings Average Info
The APY for the Online Savings Account as of is more than five times the national average APY for interest-bearing savings account with balances over $500 as reported by Informa Research Services, Inc. as of . Rates are subject to change at any time. Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy can not be guaranteed.
No monthly feesfor maintenance

EARN MORE

The difference is pretty dramatic.

Savings Account

Today's savings account rate

APY Info
Annual Percentage Yield (APY) is accurate as of . Applies to personal accounts only. Fees could reduce the earnings on the account. Rates may change at any time without prior notice, before or after the account is opened. Minimum opening balance is $500.

for all balances

I love the ease of use as well as the competitive interest rate.

- Spizay, Oct. 2014

See more reviews

SMARTER SAVINGS

There really is no comparison.

Info

The data speaks for itself.

Comparison conducted by an independent research firm and based on data compiled in May 2015 from company websites customer service agents and consumer savings account offers. In some cases, competitors assess and/or waive fees if certain criteria are met. Registered trademarks are the properties of their respective owners.
Savings Account
Info
Annual Percentage Yield (APY). Applies to Personal Accounts only. Discover and competitor rates are accurate as of XX/XX/2015 and may change at any time without prior notice. Fees could reduce the earnings on the account.
Minimum opening deposit
Monthly fee
Minimum balance required to waive monthly fee
Interest compounded/ paid
Info
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.

NO SURPRISES

Know exactly what you're

agreeing to.

Always Free
Monthly
maintenance
$0

Minimum

balance fee

$0
Official

bank check

$0
Expedited delivery for

official bank checks

$0
Incoming

wire transfers

$0
No Hidden Fees
Deposited

item returned

$15

per item

Excessive

withdrawal fees Info
Federal law limits the number of certain types of withdrawals and transfers from an Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess a per item 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.
$15

per item

Stop payment order

for 6 months

$15
Insufficient funds

(1 fee max per day)

$30

RESULTS

With our higher rate of % APY Info
Annual Percentage Yield (APY) is accurate as of . Applies to personal accounts only. Fees could reduce the earnings on the account. Rates may change at any time without prior notice, before or after the account is opened. Minimum opening balance is $500.
it will only take you

to achieve your goal of if you start with and save per month.
Info
Competitor comparison information obtained from Informa Research Services, Inc. as of , using Illinois Savings account rates. Rates assume a $500 minimum deposit to open. When no competitor rate is available a dash "-" is displayed. The non-Discover Bank service marks Bank of America, Chase, Citibank, Fifth Third Bank, U.S. Bank and Wells Fargo are owned by each respective entity. All rights reserved.
And With
at % APY Info
Competitor comparison information obtained from Informa Research Services Inc., as of XX/XX/2015, using Illinois Savings account APYs. APYs assume a $500 minimum deposit to open. When no competitor rate is available "N/A" is displayed. The non Discover Bank service markets of Chase, Citibank, Bank of America, U.S. Bank, Wells Fargo, PNC Bank, and Fifth Third Bank are owned by each respective entity. All rights reserved. Although the information provided by Informa Research Services has been obtained from the various institutions, the accuracy cannot be guaranteed.
you save

Start with

$

Monthly

$

Total

$

Compare

How we calculate this chart Info
The accuracy of the values shown above is not guaranteed by any party and is intended for educational purposes only. Rates are subject to change. The information displayed is not advice and it may not reflect actual products, services, rates and/or terms available from Discover Bank. Nothing contained in this example is an offer, solicitation or guarantee for any product or service that may be available from Discover Bank.

SET A GOAL

We'll help you get there faster.

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

It's your money.
Use it when and how you want.

Deposit checks on the go or grow your savings with automatic transfers.

View balances and activity online or on your phone.

SIMPLE TO START

Get started and open a Discover Savings 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 $500. You can send us a check or transfer funds from an existing bank account.

Done!

We'll send a confirmation email, then watch the mail 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 Savings Account.

Info

How we collect reviews

Reviews are from a survey of actual Discover Bank customers. Good or bad, we post all of them (as long as they use clean language, of course). We ask users to be specific about the kind of account they're reviewing, to avoid including personal or account information, and not to post spam or ads.

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

Read more about the benefits of saving.

NOV 3, 2014

Online Savings: A Smart Way to Save For Your Goals

Certain types of savings accounts are better than others for short- mid- and long-term goals...

Read MoreAbout A Smart Way to Save For Your Goals

QUESTIONS?

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

Click here for more information and to open an account online. Additionally, you can call our U.S.-based Banking Specialists 24/7 at 1-800-347-7000 to open an account over the phone.

Reach someone helpful 24/7.