EARN MORE
The difference is pretty dramatic.
Discover
Savings Account
Today's savings account rate
APY InfoAnnual 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've been a customer for several years and enjoy the ease of use and higher interest rates than the average—would recommend to anyone.-passnthrough, Nov. 2015
SMARTER SAVINGS
There really is no comparison.
InfoThe data speaks for itself.
Comparison conducted by an independent research firm and based on data compiled in June 2016 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.| Discover Savings Account |
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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.
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| Minimum opening deposit | ||
| Monthly fee | ||
| Minimum balance required to waive monthly fee | ||
| Interest compounded/ paid | ||
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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.
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NO SURPRISES
Know exactly what you're
agreeing to.
| 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 |
$15 per item |
Excessive withdrawal fees InfoFederal 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 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
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.
SAVINGS CALCULATOR
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?
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.
BANKING TOPICS
Read more about the benefits of saving.
May 31, 2016
Online Savings: A Smart Way to Save for Your Goals
Why you save will largely determine how you save. Certain types of savings accounts are better than others for short- mid- and long-term goals. If you want to "park" money for an emergency fund or save for a near-term...
Read MoreAbout A Smart Way to Save For Your GoalsQUESTIONS?
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.
The minimum opening deposit is $500.
Reach someone helpful 24/7.
