Discover Bank Online Savings Account
in Savings Accounts from Discover Bank
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| APY (Annual Percentage Yield) | 1.70% |
| APY Minimum Balance | $1 |
| Monthly Fee | $0 |
Discover Bank Online Savings Account Review
Discover Bank Online Savings Account is offered by Discover Bank, a bank founded in 1985 and based in Greenwood, DE. Discover Bank Online Savings Account is available in 50 states (and Washington, DC).
Are savings accounts from Discover Bank federally insured?
Yes, your Discover Bank savings 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.
Does Discover Bank offer a signup bonus?
Discover Bank Online Savings Account has a signup bonus of $0.
What is the minimum balance for Discover Bank Online Savings Account?
The minimum balance to open a Discover Bank Online Savings Account is $0.| Description | |
|---|---|
| APY Minimum Balance | $1 |
| Minimum Initial Deposit | $0 |
| Minimum Combined Balance to Avoid Monthly Fee | $0 |
| Minimum Required Balance | N/A |
| Minimum Direct Deposit to Avoid Monthly Fee | $0 |
| Minimum Balance to Avoid Monthly Fee | $0 |
What APY does Discover Bank offer?
Discover Bank Online Savings Account offers an APY of 1.70% (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.
What features and perks does Discover Bank Online Savings Account offer?
This account includes the following features:
- Fraud monitoring - Discover Bank Online Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Nationwide ATM network - Withdraw money and check your balance from wherever you are.
- Bauer Financial A+/A Rating
- Check Writing
- FDIC Member
- Fraud Monitoring
- Interest Bearing Account
- Mobile Banking
- Mobile Check Deposit
- Nationwide ATM Network
- No ATM Fees
- No Monthly Maintenance Fee
- Online-Only Account
| Description | |
|---|---|
| Bank Account Features |
What fees does Discover Bank Online Savings Account charge?
Discover Bank Online Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $30 fee.
- Outoing international bank transfers come with a $30 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
Contact
- Headquarters
-
502 E. Market Street
Greenwood, DE 19950 - Visit Site
Other Services by Discover Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| APY Minimum Balance | $1 |
| Minimum Balance to Avoid Monthly Fee | $0 |
| Minimum Combined Balance to Avoid Monthly Fee | $0 |
| Minimum Direct Deposit to Avoid Monthly Fee | $0 |
| Minimum Initial Deposit | $0 |
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