Honest NumberTransparency in the numbers
All savings
Online bank FDIC insured

Discover Bank

Online Savings Account

Discover's online savings account offers a competitive APY with no monthly fees or minimums.

4.10%
Annual Percentage Yield
Apply at Discover Bank
Minimum deposit
$0
Monthly fee
None
Compounding
Daily

Pros

  • No fees
  • Strong customer service
  • Trusted brand

Cons

  • No physical branches

Account terms

Bank type
Online bank
FDIC insured
Yes — up to $250,000
Availability
Nationwide
Withdrawal limit
6 per month

National rate curve

Comparing 8 active high-yield savings accounts

Top 75% nationally

Deposit calculator

See how much you'd earn at 4.10% APY, compounded daily.

1 year
$10,418
+ $418 earned
3 years
$11,309
+ $1,309 earned
5 years
$12,275
+ $2,275 earned

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12-mo CD
4.50%
Discover Bank 12-Month CD

Rates and terms are illustrative. Always verify with Discover Bank before applying.