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 ...

1 month ago - How does this increase in interest rates affect you? Mortgages, car loans, and business loans aren’t as attractive. As a result, fewer consumers are willing to take out loans to buy or invest in things. Higher interest rates tamp down demand, which usually leads to a dip in prices as well. Consumers are affected in other ways, too. Because interest rates on savings accounts, certificates of deposit (CDs), and money market ...

Discover’s savings, CD, and money market accounts all carry competitive interest rates which can help you save more. Plus, only the money market account earns according to balance tiers, allowing all customers to take advantage of the high interest rates.

April 15, 2025 - Compounding interest increases your APY because interest accrues not only on your principal balance, but on the interest you've accrued so far. Learn more: How often do money market accounts pay interest?

December 15, 2025 - Higher interest rates allow you to accelerate earnings. Easy access to your money when you need it. Some banks have minimum deposit requirements for high-yield savings accounts. Make sure your high-yield savings account doesn’t include fees that can eat into your interest earnings. Money market ...

September 23, 2024 - Discover rewards savers with high balances by offering an extra 0.05% APY for accounts over $100,000. But regardless of your account balance, both rates are much higher than the national average of 0.64% APY.

1. The OMMFR is an estimate of the collateralized overnight rate compiled at the end of the day by the Bank of Canada through a survey of major participants in the overnight market.[←]

November 3, 2025 - Earning interest is a goal. When debating money market account vs. savings account, know that some savings accounts could offer higher interest rates than you’d find with money market accounts. “Historically, money market accounts have offered higher interest rates in exchange for higher minimum balance requirements,” Conroy says.

January 2, 2025 - In that scenario, your savings account will maintain or increase in value over time. If the interest rate paid on the account is lower than the inflation rate, your savings are actually losing value as time goes on. The biggest downside of most money market accounts is their fees. Because they pay more interest than savings accounts and offer more flexibility, banks typically charge customers more than they would for a simple savings account. ... The Discover Money Market Account carries no monthly fee.

December 12, 2025 - With Discover CDs, you won’t pay monthly fees and you won’t be subject to minimum deposit amounts. You’ll only be dinged for touching your money before your account matures. Here’s everything you need to know about earning interest with Discover CDs. All rates and fees are current as of Dec.

November 17, 2025 - Interest rates range from 7.99% to 24.99% as of this writing · Financial education: Discover Bank publishes a Modern Money blog, which provides education and guidance on everything from saving, budgeting, and family finances to retirement and ...

April 8, 2024 - Discover Bank has announced an increase in the annual percentage yield (APY) of its Online Savings Account to 4.00% from its previous rate of 3.90%. Its CD rates go up to 4.75% and money market accounts have an APY of up to 3.95%. Discover Bank ...

1 month ago - “A money market account is an interest-bearing bank account that typically has a higher interest rate than a checking account,” says Bola Sokunbi, founder of a personal finance education website.

Discover answers to your Money Market Account questions with our comprehensive FAQs. Learn about making deposits, minimum balance, account fees, and more.

2 days ago - If rates rise, your APY could increase: Like a savings account, money market accounts pay a variable rate, which means the APY may rise when interest rates are on an upswing.

3 days ago - Back CD Rates Checking Accounts Savings Accounts Money Market Accounts Prepaid Cards Best Banks Best Credit Unions · Back Car Insurance Home Insurance Car Insurance Home Insurance Renters Insurance Health Insurance Life Insurance Business Insurance Motorcycle Insurance · Back Financial Advisors Insurance Agents Real Estate Agents Mortgage Brokers ... To find the interest rate on a Discover card, look for the “Interest Charge Calculation” section on your monthly billing statement (electronic or paper).

2 weeks ago - This table contains 39 series, with data for starting from 1991 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Financial market statistics (39 items: Government of Canada Treasury Bills, 1-month (composite rates); Government of Canada Treasury Bills, 2-month (composite rates); Government of Canada Treasury Bills, 3-month (composite rates);Government of Canada Treasury Bills, 6-month (composite rates); ...).

1 week ago - The best money market accounts in January 2026 offer APYs significantly higher than the national average, with top rates currently reaching around 3.75%, compared to the national average of 0.58%. Money market accounts combine features of both ...