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.
Last Updated: 12/17/2025
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Discover® Bank Money Market Account
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in Money Market Accounts from Discover® Bank
Last Updated: 12/17/2025
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Highlights
APY (Annual Percentage Yield)
3.40% - 3.45%(Verified 06/26/2025)
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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
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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.
| 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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
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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