Online Savings Account

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Non-APY comparison conducted by an independent research firm and based on data compiled in July 2020 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. The non-Discover Bank service marks for Ally, Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, and U.S. Bank are owned by each respective entity. Although the information by independent research firm has been obtained from the various institutions, the accuracy cannot be guaranteed.

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

	Discover Online Savings Account	Chase Regular Savings	Citibank Citi Savings - Access Account	Bank of America Advantage Savings	Wells Fargo Way2Save Savings	PNC Bank Standard Savings	Fifth Third Bank Goal Setter Savings	U.S. Bank Standard Savings	Capital One 360 Performance Savings	Ally Bank 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 Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.	X.XX% Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.
Interest compounded/paid	Daily/Monthly	Monthly/Monthly	Daily/Monthly	Monthly/Monthly	Daily/Monthly	Monthly/Monthly	Daily/Monthly	Daily/Quarterly	Monthly/Monthly	Daily/Monthly
Monthly fee In some cases, competitors assess or waive fees if certain conditions are met.	$0	$5	$4.50	$8	$5	$5	$5	$4	$0	$0
Insufficient funds fee	$0	$34	$34	$35	$35	$36	$37	$36	N/A	$25
Minimum opening deposit	$0	$0	$0	$100	$25	$25	$0	$25	$0	$0

Your interest earnings 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.	X.XX	X.XX	X.XX	X.XX	X.XX	X.XX	X.XX	X.XX	X.XX	X.XX

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Save yourself the hassle of fees.

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

Monthly maintenance
Official bank check
Expedited delivery for official bank checks
Deposited item returned
Excessive withdrawal fee
- Certain types of withdrawals and transfers from savings and money market accounts are limited to a combined total of 6 per calendar month per account.
- There are no limits on ATM withdrawals or 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
Insufficient funds
Account closure

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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. No minimum deposit to open. NerdWallet Award Medal Design: ©2017-2020 and TM, NerdWallet, Inc. All Rights Reserved.

† 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. No minimum deposit to open.NerdWallet Award Medal Design: ©2017-2020 and TM, NerdWallet, Inc. All Rights Reserved.