Named one of NerdWallet's
Best Savings Accounts for 2018
There really is
no comparison.
Info
Comparison conducted by an independent research firm and based on data compiled in December 2018 excluding APYs, 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.
Check it out for yourself. Compare savings accounts and see what an online savings account with a high APY and no monthly fees for maintenance can do for you. Hint: Big things.
| Discover Online Savings Account |
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Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. Fees could reduce earnings on the account. APY may change before or after the account is opened. No minimum deposit to open.
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In some cases, competitors assess or waive fees if certain criteria are met.
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In each calendar year (January 1 through December 31), the first eligible fee charged to each eligible Savings account will be automatically waived and credited to your account. Eligible fees include: Insufficient Funds and Stop Payment. Wire transfer fees are not eligible and will not be waived. In some cases, competitors assess or waive fees if certain criteria are met. Fees incurred prior to May 7, 2018 are not eligible for reimbursement.
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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.
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Know exactly what you're agreeing to.
Get peace of mind! Our online savings account has first fee forgiveness and no hidden fees. Really. This is all of them.
| Monthly maintenance
|
$0 |
| Minimum balance fee |
$0 |
| Official bank check |
$0 |
| Expedited delivery for official bank checks |
$0 |
| Incoming wire transfers |
$0 |
| Deposited item returned |
$0 per item |
Excessive withdrawal fees Info
|
$15 per item |
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| Stop payment order for 6 months |
$15 | ||||||
| Insufficient funds (1 fee max per day) |
$30 | ||||||
| Wire transfer fee (for outgoing wires) |
$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. APY may change at any time without prior notice, before or after the account is opened. There is no minimum deposit to open.
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/XXXX, 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
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.
We'll help you get there faster.
Use our savings calculator to see how quickly you can grow your online savings account with our % APY. Info Don't worry. We'll handle the number crunching.
How much can you start with?
How much can you afford to save each month?
What's the total you're hoping to save?
Open an online savings account in 3 easy steps, and you'll be off saving before you know it.
Enter your info
We'll need your physical address, phone, email and social security number (or other taxpayer ID).
Fund your account
No minimum deposit to open. Fund with as much as you'd like. 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.
Use your online savings account to ramp up those savings and reach your financial goals.
If you've got questions, our online savings account FAQ has answers.
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.
There is no minimum deposit to open a Discover Online Savings account.
Reach someone helpful 24/7.
