Open a high interest savings account that offers high yield interest rates with no monthly balance requirements or monthly fees.

1 week ago - However, Discover is discontinuing its banking products for new applicants. Discover offers a high-yield savings account that comes with a 3.30% APY, which is much higher than the national average.

1 day ago - The best high-yield savings accounts have annual percentage yields, or APYs, that are many times higher than what most banks offer. The higher the APY, the faster your savings will increase over time.

November 24, 2025 - There are plenty of places to put ... cons. So just what is a high-yield savings account? It’s a bank account with a higher interest rate than the national average....

June 28, 2024 - High-yield savings accounts are integral to personal financial planning. They serve as an excellent option for managing emergency funds or saving for specific financial goals due to their higher savings interest rates. The flexibility and accessibility of funds, coupled with FDIC insurance, make them a reliable choice for those who want to maintain liquidity while earning a competitive interest rate. These accounts, including the Discover high-yield savings account, are particularly valuable for their minimal fees and potential for higher interest earnings without the restrictions of accounts like certificates of deposit (CDs) or money market accounts.

The Discover High Yield Online Savings Account stands out as an excellent choice for most savers. With its combination of high yields, zero fees, and user-friendly digital features, it offers everything most people need in a modern savings account.

December 30, 2022 - Discover® Bank Online Savings Account earns a competitive rate of 3.40% APY, earning a spot on our list of the best high-yield savings accounts. The account has no minimum deposit requirement and doesn’t charge a monthly fee that could ...

1 month ago - Emilie Lima Burke, a former startup consultant and blogger, uses an online savings account because of the higher interest rate. “I like that mine is at a separate bank from where I do my traditional banking,” Burke says, “because it makes it a little bit less tempting to use the money when it’s not actually an emergency.” · When comparing types of bank accounts, consumers may choose to save with a money market account if they find one with a competitive interest rate and enjoy the flexibility of withdrawing money when needed.

Learn more about our Online Savings Account and Certificate of Deposit—both with no feesA penalty may be charged for early withdrawal from a CD. and no minimum opening deposit. Earn interest over 5XThe Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest bearing savings accounts with a balance of $500 as reported by Curinos as of XX/XX/XXXX.

1 week ago - A Discover Online Savings Account can help you reach your goals with a high yield account. Learn 6 reasons to open a an online savings account with Discover.

July 9, 2024 - Discover’s high-yield savings account is a top choice for savers seeking a strong APY without monthly fees or minimum balance requirements—though higher rates can be found at other online banks.

May 8, 2025 - The Discover® Online Savings Account interest rate is 3.60% (as of 04/22/25) APY (Annual Percentage Yield), which is drastically higher than the average savings account interest rate.

September 15, 2025 - If you're looking for a savings account that will help you grow your money without charging you pointless monthly fees, a Discover high-yield savings account might be worth looking into. Its lack of fees means you can sit back and watch your savings do what they're supposed to do — grow.

March 4, 2025 - Earn 4.14% APY — Almost 10x the national average, on $1,000 or More. No Monthly Fees. Fully Online. Up to 2% Cash Back for Accounts with $1K Direct Deposit. No Monthly or Transfer Fees.

October 10, 2025 - While the 3.40% APY isn't the absolute highest out there, you can start earning with as little as $1, and there are no annoying fees eating into your savings. No overdraft fees, no monthly maintenance fees -- just a simple, stress-free way to ...

March 21, 2025 - When weighing your options for a savings account, comparing annual percentage yield (APY) is a great place to start. After all, the APY determines how much your savings account balance will grow over time. The higher the APY, the faster you can reach your savings goals. Discover and Amex currently offer the same APY on their high-yield savings account.

NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission. “Discover’s high-yield savings account is among the best in its online class.”