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* The 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 balances over $500 as reported by Informa Research Services, Inc. as of XX/XX/XXXX. Interest rates and APYs are subject to change at any time. Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy cannot be guaranteed.

† Annual Percentage Yield: The APY applies to personal accounts only. Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. APY may change before or after the account is opened. Fees could reduce earnings on the account. No minimum deposit to open.

We’re different where it counts.

Comparison conducted by an independent research firm and based on data compiled in February 2019 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.

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Online Savings Account

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.

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

In each calendar year (January 1 through December 31), the first eligible fee charged to each eligible Checking account or Online 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.

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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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.

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

Enter your savings amount.

No hidden fees = Total transparency

Our high-yield Online Savings Account comes with no hidden fees and First Fee Forgiveness. Should you need it, your first fee is on us.

In each calendar year (January 1 through December 31), the first eligible fee charged to each eligible account (which includes Cashback Debit, Money Market, Premium and Online Savings Accounts) will be automatically waived and credited to your account. Eligible fees for Premium and Online Savings include: Excessive Withdrawal, Insufficient Funds and Stop payment fees. Wire transfer fees are not eligible and will not be waived.

$0
  • Monthly maintenance
  • Official bank check
  • Expedited delivery for official bank checks
  • Incoming wire transfers

    Wire transfers received before 4pm Eastern Time are posted to your Account on the Business Day we receive them. Wire transfers received after 4pm Eastern Time are posted to your Account on the next Business Day, with an effective date of the Business Day the funds were received. In some circumstances, a wire transfer may require additional processing time and will be posted to your Account upon completion of processing, with an effective date of the Business Day the funds were received.
  • Deposited item returned (per item)
$15
  • Excessive withdrawal (per item)

    Limited Transactions

    • Federal law limits certain types of withdrawals and transfers from savings accounts to a combined total of 6 per calendar month per account. An Excessive Withdrawal Fee will apply for each additional limited transaction.
    • There are no limits on official checks mailed to you. To get an account with an unlimited number of transactions, consider opening a Discover Cashback Debit Account.
    • If you go over these limitations on more than an occasional basis, your account may be closed. See Section 11 of the Deposit Account Agreement for more details.
  • Stop payment order for 6 months
$30
  • Insufficient funds (1 fee max per day)
  • Wire transfer (for outgoing wires)

    Requests received and fully verified at or before 3pm Eastern Time on a Business Day will be processed as of that Business Day. Wire transfer requests received and fully verified after 3pm Eastern Time on a Business Day, or at any time on a day that is not a Business Day, will not be processed until the next Business Day.
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