skip to main content
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Log Inopens a modal dialog Open an Account
Man and woman relaxing outside of their jeep near a lake after recently opening a high yield online savings account.

Online Savings Account

Earn interest over 5x the National Savings AverageThe Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest bearing savings accounts with a balance of $500 as reported by Curinos as of XX/XX/XXXX. National average is based on information regarding the top 50 banks (by deposit size) and may not include information from variations in regional pricing at such banks or information from products that may not be widely available to their customers. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. APYs are subject to change at any time.

Get Started

We make it easy to save more for what matters

$0 icon

No monthly fees

two overlapping paper bills with a dollar sign icon

No minimum opening deposit

calendar icon

No monthly balance requirements

headset icon

Real customer service from real people

FDIC-insured

For more information on FDIC deposit insurance (including information on deposit ownership categories), or for help calculating your coverage, visit EDIE.FDIC.gov or call the FDIC at 1-877-275-3342 (1-877-ASKFDIC).
X.XX% APY

Advertised Online Savings Account Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.
Grow your money with our high-yield Online Savings Account. No minimum opening deposit required.

Savings that stand apart

Non-APY comparison conducted by an independent research firm and based on data compiled in October 2025 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.
X.XX%

Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.
APY
Daily / Monthly
Interest Compounded/Paid
$0
Monthly Fee
$0
Insufficient Funds Fee
$0
Minimum Opening Deposit

Explore how our high-yield savings account stacks up and open an account today.

Get Started Get Started
Customize Table
Bank
DFS Logo
Online Savings
Chase®
Chase SavingsSM
PNC Bank®
Standard Savings
Ally Bank®
Online Savings Account
Citibank®
Citi® Savings
Bank of America®
Advantage Savings
Wells Fargo®
Way2Save® Savings
U.S. Bank®
Smartly® Savings

Smartly Savings is a registered trademark owned by U.S. Bank.
Marcus®
Online Savings Account
APY

Some banks may offer relationship or promotional rates with higher APY rates when all requirements are met.
Interest Compounded/ Paid
Monthly Fee

In some cases, competitors may assess or waive fees if certain conditions are met.
Insufficient Funds Fee

Some competitors have minimum thresholds before insufficient funds fees are applied and may have a cap on the number of insufficient funds fees charged in a timeframe.
Min. Opening Deposit
X.XX%

Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.

 †
Daily/ Monthly
$0
$0
$0
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Monthly/ Monthly
$5
$34
$0
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Monthly/ Monthly
$5
$36
$0
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Daily/ Statement Period
$0
$0
$0
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Daily/ Monthly
$4.50
$0
$0
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Monthly/ Monthly
$8
$0
$100
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Daily/ Monthly
$5
$35
$25
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Daily/ Quarterly
$5
$36
$25
X.XX%

Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
Daily/ Statement Period
$0
$0
$0
Compare Banks
Compare Features
Select all
  • APY
  • Interest Compounded/Paid
  • Monthly Fee
  • Insufficient Funds Fee
  • Min. Opening Deposit
Compare Banks
Select all
  • Chase®
    Chase SavingsSM
  • PNC Bank®
    Standard Savings
  • Ally Bank®
    Online Savings Account
  • Citibank®
    Citi® Savings
  • Bank of America®
    Advantage Savings
  • Wells Fargo®
    Way2Save® Savings
  • U.S. Bank®
    Smartly® Savings
  • Marcus®
    Online Savings Account
Couple on vacation discussing ways to save money while enjoying the view of a river.

No. Fees. Period.

That means you won't be charged an account fee on our Online Savings Account.

You won't pay fees for the following:

  • Monthly maintenance
  • Official bank check
  • Excessive withdrawals
  • Expedited delivery for official bank checks
  • Deposited item returned
  • Stop payment order
  • Insufficient funds
  • Account closure

Add a little fuel to your future

See how fast % APY

Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.

 adds up with our high-yield Online Savings Account calculator.

This calculator and the values shown are intended for illustrative and informational purposes only and may not apply to your individual circumstances. This calculator uses an Annual Percentage Yield (APY) that is rounded to the nearest one-hundredth of one percentage point, e.g., .01%. However, actual interest earned calculations use an APY that is rounded to the nearest one-thousandth of one percentage point, e.g., .011%. As a result, the estimated interest earned value shown here may vary from the actual interest earned on your account. Calculation assumes principal and interest remain on deposit and interest rate and APY do not change.
$
Please enter an amount between $1 and $5,000,000.
Yearsyrs
Total interest earned
Total interest earned What you’ll earn with our Online Savings Account

Amount is cumulative interest earned over duration of time chosen.
Get Started

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

Automate your savings strategy with direct deposit

Choose to deposit the full amount or a portion of your paycheck to get paid up to two days early.
prev

Get paid early
Get your paycheck up to two days early when you set up direct deposit for your Online Savings Account with Early Pay.

Early Pay is automatically available to checking, savings (excluding IRA savings) and money market customers who receive qualifying ACH direct deposits. At our discretion, and dependent on the timing of our receipt of the direct deposit instructions, we may make funds from these qualifying direct deposits available to you up to 2 days early. See our Deposit Account Agreement for more information.

Online enrollment
Whether you need to make the switch from another bank or just started a new job, online set up only takes minutes.

Get your money sooner
Forget about having to physically deposit your checks and waiting for them to clear.
Next

Savings FAQ

View Savings FAQ

Click here to open an account online. Call 1-800-347-7000 where you can talk to a real person from our customer service team.

There is no minimum deposit to open a Discover Online Savings Account.

Interest is compounded daily and credited to your account monthly.

Funds in Discover deposit accounts are FDIC-insured up to the maximum amount allowed by law. For more information, visit our FDIC information page.

Yes, your savings account is eligible for enrollment in our overdraft protection service. Click here for more information about overdraft protection.

Modern Money Blog

prev
Retired woman walking on beach with grandkids.
See why a savings account is an important part of your financial plan.
coworkers sitting at a table talking with laptops open.
Several free and easy options can help you fund your new account quickly. Here's a list of ways to get started with your Discover® Online Banking account.
Mother considers an online savings account while spending time with her young daughter.
Think savings accounts are one-and-done? Here’s the case for using multiple bank accounts to reach your financial goals.
Next
Man and woman camping in the mountains.
FDIC Logo

Save with confidence—you’re FDIC-insured

  • FDIC deposit insurance is up to $250,000 per depositor, per insured bank, per deposit ownership category
  • May apply to retirement accounts
  • Coverage is automatic
Banking features you need
Learn about the Discover® App
Open an account