Discover® Bank Money Market Account is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.

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Last Updated: 12/17/2025

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Discover® Bank Money Market Account

from Discover® Bank

Last Updated: 12/17/2025

Rating not yet determined4 total votes

3 users recommend

1 users don't recommend

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Highlights

APY (Annual Percentage Yield)

3.40% - 3.45%(Verified 06/26/2025)

Disclaimer popup with additional information

Minimum Balance to Earn APY

N/A

Minimum Opening Deposit

N/A

Discover® Bank Money Market Account Review

Discover® Bank Money Market Account is no longer available to new customers on SuperMoney.

Click here to compare and quickly find the best options for your needs.

Discover® Bank Money Market Account is offered by Discover® Bank, a bank founded in 1985 and based in Riverwoods, IL. Discover® Bank money market are available in 50 states and Washington, DC.

Key Takeaways

Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.45%, which is much higher than the national average for a money market account.
No monthly maintenance fees. This account does not charge any monthly account fees.

Pros & Cons of Discover® Bank Money Market Account

Pros

Cons

Available in 50 states and Washington, DC.
High-interest yield.
Debit card and the option to lock/unlock the card if lost or stolen
Deposit checks remotely.

Online-only account with no access to physical branches.

Discover® Bank Money Market Account FAQ

Are money market accounts from Discover® federally insured?

Yes, your deposits are insured 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 rates?

Discover® Bank money market offers an APY starting at 3.40% and ranging up to 3.45% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

Discover® Bank money market Rates and Terms

Rates

Amount

APY (Annualized Percentage Yield)

3.40% - 3.45%

What are the fees for Discover® Bank Money Market Account?

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

Discover® Bank Money Market Account Fees

Description

Monthly Service Fee

Paper Statement Fee

Starting at $0

NSF Fee

What is the minimum balance for Discover® Bank money market?

No minimum initial deposit. Discover® Bank does not require a minimum initial deposit to open an account.

What features and perks does Discover® Bank money market offer?

This account includes the following features:

Fraud monitoring - Discover® Bank monitors transactions for potentially fraudulent activity.
Mobile Banking Services - Discover® Bank money market 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 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 account is (800) 347-2683.

What is the support contact email?

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

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

2500 Lake Cook Rd

Riverwoods, IL 60015

(800) 347-2683

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 6:00PM

Tuesday

9:00AM - 6:00PM

Wednesday

9:00AM - 6:00PM

Thursday

9:00AM - 6:00PM

Friday

9:00AM - 6:00PM

Saturday

8:30AM - 1:00PM

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

+50

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Discover® Bank Money Market Account Community Reviews

Would you recommend Discover® Bank Money Market Account to your friends?

Rosie S.

Jun 14, 2022

May or may not recommend

I wouldn’t recommend they freeze my account with no probable cause then I called them and they had me on hold all night this issue still hasn’t been resolved I am still fighting to get my account unfrozen can’t even get access to my own money and it’s been over a month and still haven’t even received a debit card in the mail their customer service is horrible

Melanie P.

Jan 11, 2021

May or may not recommend

My mother lives in florida I live in ohio we use this card to send money to each other. These also rewards on this card for a certain amount of money spent. Theres no hidden fees but you gotta be careful not to overdraft the card. I would highly recommend a discover bank card!

Bella M.

Oct 25, 2020

May or may not recommend

I would recommend checking out Discover for pretty much any financial needs you have. The money market account is pretty straight forward and super easy to use. You can use the app for a lot of stuff and I’ve never had any issues with fraudulent activity.

Billy D.

Mar 6, 2020

May or may not recommend

The Discover Bank site is very easy to navigate and most questions are answered before you can ask them. I would very highly reccommend Discover Bank.

Showing 4 of 4 reviews