Discover Bank Money Market Account Review

Discover Bank Money Market Account is offered by Discover Bank, a bank founded in 1985 and based in Greenwood, DE. Discover Bank Money Market Account is available in 50 states (and Washington, DC).

• Very high APY. This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account.
• No APY minimum balance. There is no minimum amount you have to deposit to earn interest with this money market account. You will earn the 0.35% rate regardless of your balance.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Are money market accounts from Discover Bank federally insured?

Yes, your Discover Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Discover Bank Money Market Account rates?

Discover Bank Money Market Account offers an APY starting at 0.30% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change).

What are the fees for Discover Bank Money Market Account?

Discover Bank Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Discover Bank Money Market Account?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

What features and perks does Discover Bank Money Market Account offer?

This account includes the following features:

• Fraud monitoring - Discover Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Discover Bank Money Market Account allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Discover Bank Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.

What is the customer service phone number?

The customer service number for this business card is (800) 347-2683.

What is the support contact email?

The support contact email for this business credit card is info@discover.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

How to open an account with Discover Bank

• Visit the Discover Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.