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

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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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Fifth Third Bank

Goal Setter 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

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.

0.01%

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.   

0.04%

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.   

0.01%

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.   

0.01%

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.   

0.01%

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.   

0.01%

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.   

0.01%

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.   

1.30%

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.   

1.25%

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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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. 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
    • Federal law limits certain types of withdrawals and transfers from savings and money market accounts 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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