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  Discover Bank Online Savings Account

Discover Bank Online Savings Account

in Savings Accounts from Discover Bank · Member FDIC

Claimed

Discover Bank Online Savings Account

Claimed

in Savings Accounts from Discover Bank · Member FDIC

SuperMoney Net Recommendation Score +50%

SUPERMONEY NET RECOMMENDATION SCORE

+50%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

4 users recommend
1 user is unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0
APY (Annual Percentage Yield) 0.60%
APY Minimum Balance $1
Number of Reviews 6

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).

Discover Bank Online Savings Account FAQ

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.
Discover Bank Online Savings Account Account Minimums
Description
APY Minimum Balance $1
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Required Balance N/A
Minimum Account Transfer to Avoid Monthly Fee 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 0.60% (APY stands for annual percentage yield, rates may change).

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.
  • Discover Bank Online Savings Account Features
    Description
    Bank Account Features
    • No ATM Fees
    • FDIC Member
    • Check Writing
    • Bauer Financial A+/A Rating
    • Fraud Monitoring
    • Mobile Banking
    • Nationwide ATM Network
    • Interest Bearing Account
    • No Monthly Maintenance Fee
    • Mobile Check Deposit
    • Online-Only Account

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.
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.

Availability

  Available in 50 states and Washington, D.C.
  • 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
Early Account Closure $0
Monthly Fee $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Outgoing) $30
Bauer Financial A+/A Rating  
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Check Writing
  • Bauer Financial A+/A Rating
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
  • Online-Only Account
APY (Annual Percentage Yield) 0.60%

Discover Bank Online Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+50%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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