Named one of NerdWallet's

Best Savings Accounts for 2018

SMARTER SAVINGS

There really is no comparison.

Info
Comparison conducted by an independent research firm and based on data compiled in December 2018 excluding APYs, 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.
Discover
Savings Account
Info
Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX Applies to personal accounts only. Fees could reduce earning on the account. APY may change before or after the account is opened. No minimum deposit to open.
Info
In some cases, competitors assess or waive fees if certain criteria are met.
Info
In each calendar year (January 1 through December 31), the first eligible fee charged to each eligible 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.
Info
Assumes principle 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 many not apply to your individual circumstances.
Add A Bank has a popup Opens a dialog box

Know exactly what you're agreeing to.

Get peace of mind! Our Online Savings Account has first fee forgiveness and no hidden fees. Really. This is all of them.

No Hidden Fees
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

$0

per item

Total Transparency

Excessive

withdrawal fees Info
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.
$15

per item

Stop payment order

for 6 months

$15
Insufficient funds

(1 fee max per day)

$30
Wire transfer fee

(for outgoing wires)

$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. APY may change at any time without prior notice, before or after the account is opened. No minimum deposit to open.
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

$

Compare

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?

$

ACCESS & EASE

It's your money.
Use it when and how you want.

SIMPLE TO START

Get started and open a Discover Savings Account in 3 easy steps.

Enter your info

We'll need your address, phone, email and social security number (or other taxpayer ID).

Fund your account

No minimum deposit to open. Fund with as much as you'd like. 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.

QUESTIONS?

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.

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

Reach someone helpful 24/7.