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Online Savings Account

Earn interest over 5x the National Savings AverageThe 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.

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X.XX% 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.
Grow your money with a savings account interest rate over 5x the National Savings Average.

The 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.

We’re different where it counts.

Non-APY comparison conducted by an independent research firm and based on data compiled in May 2022 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.

Maximum savings with minimum hassle. That’s what our Online Savings Account is all about.

Discover

Online Savings Account

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Chase

Regular Savings

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Citibank

Citi Savings - Access Account

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Bank of America

Advantage Savings

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Wells Fargo

Way2Save Savings

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PNC Bank

Standard Savings

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U.S. Bank

Standard Savings 

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Capital One

360 Performance Savings        

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Ally Bank

Online Savings Account    

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Marcus

Online Savings Account

Annual percentage yield
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.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.
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. The non-Discover Bank service marks for Chase, Citibank, Bank of America, Wells Fargo, PNC Bank, U.S. Bank, Capital One, Ally Bank and Marcus, are owned by each respective entity. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed.

Interest compounded/paid

 Daily/Monthly Monthly/Monthly Daily/Monthly Monthly/Monthly Daily/Monthly Monthly/Monthly Daily/Quarterly Monthly/Monthly Daily/Statement Period Daily/Monthly

Monthly fee

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

 		$0 $5 $4.50 $8 $5 $5 $4 $0 $0 $0

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.

 		$0 $34 $34 $0 $35 $36 $36 N/A $0 $0

Minimum opening deposit

 $0 $5 $0 $100 $25 $0 $25 $0 $0 $0

Your interest earnings

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

 		X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX
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See how much you can earn annually on

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

Please enter an amount between $1 and $5,000,000.

Enter your savings amount.

Save yourself the hassle of fees.

No. Fees. Period. That means you won't be charged an account fee on our Online Savings Account.

Outgoing wire transfers are subject to a service charge.

$0
  • Monthly maintenance
  • Official bank check
  • Expedited delivery for official bank checks
  • Deposited item returned
  • Excessive withdrawal fee
    • The number of certain types of withdrawals and transfers from savings and money market accounts is limited to a combined total of 6 per calendar month per account.
    • There are no limits on the number of ATM withdrawals you can make (for money market accounts) or official checks mailed to you. 
    • If you exceed these transaction limitations during any calendar month, we may 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. Note: We are currently not enforcing the monthly transaction limit on savings and money market accounts. Therefore, exceeding these limitations on more than an occasional basis will not result in the closure of your account.
  • Stop payment order
  • Insufficient funds
  • Account closure
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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.

Assumes principal and interest remain on deposit and interest rate and APY do not change. 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

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

Interest you’ll earn with us:

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

You’re on the go. So are we.

Your Online Savings Account can be with you at all times.

MOBILE CHECK DEPOSIT EASY TRANSFERS SIMPLE TO USE QUICK VIEW
Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet

For more information regarding the Discover Bank Mobile Check Deposit Service, click here.
It’s easy to transfer money from one account to another.

Transfers between Discover accounts are instant. To or from other banks and Discover, please allow up to 4-5 business days.
 

  • The number of certain types of withdrawals and transfers from savings and money market accounts is limited to a combined total of 6 per calendar month per account.
  • There are no limits on the number of ATM withdrawals you can make (for money market accounts) or official checks mailed to you. 
  • If you exceed these transaction limitations during any calendar month, we may 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. Note: We are currently not enforcing the monthly transaction limit on savings and money market accounts. Therefore, exceeding these limitations on more than an occasional basis will not result in the closure of your account.
Check on your savings account easily. Anytime. You can even skip the passcode and log in with touch or face ID.

Face ID is currently available to iOS users.
Enable Quick View to check your savings account balance without logging in each time.
★★★★★
★★★★★
We score out of 5 stars!

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

From your dream vacation to your emergency fund, explore what your Online Savings Account can do for you.

  • 11 Easy Ways to Save Money

    Saving doesn’t have to be overwhelming. Here are some money-saving hacks to get you started.
    In theory, saving money is easy—just cut back on the amount you spend on impulse buys and voila! You’re saving cash left and right. But in reality, it gets a little more complicated. Luckily, there are ways to make saving less daunting.
    Read full article

  • 6 Benefits of a Discover Online Savings Account

    Start saving with a convenient, high-yield account that has no fees.*


    *Outgoing wire transfers are subject to a service charge.

    Whether you’re saving for a new set of wheels like Stous and his wife, a home down payment, an emergency fund or [enter your next big financial goal here], an online savings account could be your ticket to success.
    Read full article

  • A Step-by-Step Guide to Prepare Your Budget for a Layoff

    Preparing financially for a job loss can help keep your budget secure through any hardship.
    What would you do if you were laid off from your job today? This question isn’t meant to make you want to hide under your desk, but to encourage you to evaluate your circumstances. What would happen to your financial situation if you suddenly didn’t have an income to rely on?
    Read full article

  • Should I Choose a Checking Account or Savings Account?

    Different? Yes. Complimentary? That too. Learn when to use a checking or savings account.

    “Using a savings account can increase your propensity to save. On the other hand, checking accounts help you keep better track of what you spend. Thus the two accounts can work hand in glove to help set you on a better path to financial knowledge and stability.”

    – Alexander Lowry, executive director of the Master of Science in Financial Analysis program at Gordon College

    Read full article

  • 4 Tricks for Budgeting on a Fluctuation Income

    If your career is associated with a variable income, read on for budgeting tips.
    While you can’t always control when you get paid or the size of each paycheck if you’re a freelancer, contractor or work in the gig economy, you can take control of your money by creating a budget that will help you manage these financial extremes.
    Read full article

Ready to start saving?

Say the word and we’ll get our savings account interest rate working for you.

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