A few of the CC companies have HYSA. I guess you go with the one who feel more comfortable with.. I ended up going with Amex as I have been a long time customer with them. It's sort of a bidding war right now. It seems every other month one of them ups the APY. You may need to look at how may times you can deposit or withdraw a month. Edit: I finally got an HYSA at the beginning of the year. At time it was below 4%. Maybe it started at 3.5% but can't remember at the moment. Bottom line is that a HYSA is better than your standard bank's saving account. Answer from SergNH on reddit.com
Discover
discover.com › online banking › high yield online savings account
High Yield Savings Account - No Monthly Fees | Discover
Open a high interest savings account that offers high yield interest rates with no monthly balance requirements or monthly fees.
Reddit
reddit.com › r/creditcards › is the discover hysa a good choice for savings? could anyone recommend?
r/CreditCards on Reddit: Is the Discover HYSA a good choice for savings? Could anyone recommend?
October 4, 2023 -
I know this subreddit is mainly focused on credit cards, but I posted this here since it's from discover. I myself have the discover it credit card, and I realized they have a HYSA with 4.30% APY.
Could anyone recommend it? Or are there better alternatives?
Top answer 1 of 16
13
A few of the CC companies have HYSA. I guess you go with the one who feel more comfortable with.. I ended up going with Amex as I have been a long time customer with them. It's sort of a bidding war right now. It seems every other month one of them ups the APY. You may need to look at how may times you can deposit or withdraw a month. Edit: I finally got an HYSA at the beginning of the year. At time it was below 4%. Maybe it started at 3.5% but can't remember at the moment. Bottom line is that a HYSA is better than your standard bank's saving account.
2 of 16
8
Yes, it’s a good rate. I personally don’t bank with my credit card issuer though. If you have fraud on your account or they suspect you of committing fraud then the standard practice at banks is to shut down all of your accounts at that bank. This could be for a few days or a few months. This is also why I don’t keep all of my money in the same bank.
Videos
04:29
Discover High Yield Savings Account Review | Is it Worth it? 2025 ...
12:08
Best High Yield Savings 2026: Is Discover Worth It? SHOCKING Pros, ...
13:21
Discover High Yield Savings 2026: Really Worth It? Pros, Cons - ...
Discover Higher yields savings account how to open with no money #ajbaron #hysa #financialliteracy #discover | TikTok
What are Discover Savings Accounts?
Discover offers one savings account, a high-yield savings account. A high-yield savings account is an account that online banks and credit unions offer that pays above-average interest rates on deposits. The Discover Online Savings Account pays 3.60% (as of 04/22/25) APY, well above the national average.
businessinsider.com
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
What interest rate does the Discover Savings Account offer?
The Discover Online Savings Account currently pays 3.60% (as of 04/22/25) APY. The average savings rate is only 0.42%, according to the FDIC. It's one of the best banks among national brands, although smaller places may offer even higher rates right now.
businessinsider.com
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
Is a Discover Savings Account secure?
Yes, your Discover savings account is secure. Discover Bank is a Member FDIC bank. Deposits held in a Discover Online Savings Account are insured for up to $250,000 per depositor, per account ownership type.
businessinsider.com
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
Investopedia
investopedia.com › discover-savings-account-interest-rates-7500041
Discover Savings Account Interest Rates: January 2026
10 hours ago - With Discover, you'll earn the same rate regardless of your balance. APY is low compared to the top high-yield savings accounts: While Discover Bank’s savings account interest rates are high compared to the national average, you can get a higher yield with the best high-yield savings accounts.
Discover
discover.com › online banking › money market account
Money Market Account | Discover
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 ...
NerdWallet
nerdwallet.com › back to nerdwallet homepage › banking › best › best high-yield savings accounts for january 2026: up to 4.35%
Best High-Yield Savings Accounts for January 2026: Up to 4.35% - NerdWallet
19 hours ago - The higher the APY, the faster your savings will increase over time. Today's best rates on accounts with no minimum deposit requirements include Newtek Bank savings (4.35%), Axos Bank savings (4.31%) and more.
Join Kudos
joinkudos.com › blog › discover-high-yield-online-savings-account-review-high-apy-with-no-monthly-fees
Discover High Yield Savings Review: Best No-Fee Account
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.
Discover
discover.com › home › what is a high-yield savings account?
What is a high-yield savings account? Start here | Discover
November 24, 2025 - High-yield savings accounts allow you to grow your money through compound interest, she adds. With compound interest, you earn interest on both your principal—in other words, your bank balance—and the interest you receive.
Discover
discover.com › home › where should i keep my money? consider these 4 bank accounts
4 types of bank accounts to help you save | Discover
3 weeks ago - With a CD, you agree to leave your money in the bank for a set term. Typically, the longer the deposit period, the higher the interest rate. Chelsea Brennan, an investment professional and blogger, says the benefit of saving for shorter-term goals with a CD is that your money is more likely to remain committed to its purpose.
Taxfyle
taxfyle.com › blog › discover-high-yield-savings
Discover High Yield Savings: Pros, Cons, and Alternatives | Taxfyle
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.
Business Insider
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
May 8, 2025 - ... Open a new bank account or cash management account and earn best-in-class rates. The American Express® High Yield Savings Account (Member FDIC) pays 3.60% (as of 5/8/25) APY (annual percentage yield).
Banks.com
banks.com › banking › savings accounts › discover bank high-yield savings account
Discover High-Yield Savings Account Review | Banks.com
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.
Forbes Advisor
forbes.com › advisor › banking › savings › best-high-yield-savings-accounts
Best High-Yield Savings Accounts: Up To 5.00% APY – Forbes Advisor
11 hours ago - If your savings are currently sitting in a low-yield account, you’re missing out on easy earnings. To help you find the right high-yield savings account for you, we compared 370 accounts on factors including interest rates, fees, accessibility and overall trustworthiness. See which high-yield sav
Forbes Advisor
forbes.com › advisor › banking › savings
Discover Savings Account Rates – Forbes Advisor
December 30, 2022 - Interest compounds daily, so you’ll earn slightly more in the long run than you would with a monthly or quarterly compounding schedule. The Discover® Bank Online Savings Accounts rate of 3.40% APY could help you earn a decent amount of interest, ...
Money
money.com › banking › high-yield savings accounts
Discover High-Yield Savings Accounts Review | Money
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.
Discover
discover.com › home › 6 benefits of a discover online savings account
6 reasons to have a Discover Savings Account | Discover
October 28, 2025 - One of the benefits of a Discover® Online Savings Account is that you can grow your money with a savings account interest rate over 5x the National Savings Average.1 · With online banks offering superior yields compared to traditional banks, ...
Reddit
reddit.com › r/discover › thoughts on checking and high yield savings accounts
r/discover on Reddit: Thoughts on checking and High Yield Savings accounts
August 4, 2024 -
Hi everyone! I use discover for my credit card and was thinking about switching my checking and creating a High Yield Savings account with them. Any thoughts or advice on switching? I wanted to have multiple savings accounts to save for different things, does discover make this easy to do?
Top answer 1 of 5
7
I have had a Discover HYSA for years and never had a problem. They were a little quick to lower APY earlier this year, but it's still competitive. Also recommend AMEX HYSA as another option.
2 of 5
7
I’ve had the checking & HYSA(s) for about a year and no issues. Easy to open more than 1 HYSA to keep buckets for different savings. Only caveat, if important to you, is they don’t allow Zelle until account is 90 days old. Not sure if any different since you’re already a CC customer? 🤷♂️ other than the Zelle bit, decent online banking.
The Motley Fool
fool.com › motley fool money › banks › savings accounts › savings account reviews › discover online savings review
Discover® Online Savings Review: Great for Mobile Bankers | The Motley Fool
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 ...
Bankrate
bankrate.com › banking › savings
Discover Bank Savings Account Interest Rate | Bankrate
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.
Reddit
reddit.com › r/discover › discover hysa rate has now dropped to 4.25% apy
r/discover on Reddit: Discover HYSA rate has now dropped to 4.25% APY
March 14, 2024 -
I went to check on my Discover bank account and the interest rate on the savings account has dropped again. It is now 4.25%.
Top answer 1 of 5
80
If they drop below 4% I'm switching. I've got brand loyalty, in the grand scheme .1% isn't the worst, but I agree with the sentiment that they're quick to tell us when rates are raised, yet don't bother mentioning when rates drop.
2 of 5
53
That’s the last straw for me. Two rate decreases in what, 2 months? And they don’t even have the decency to tell us.
Discover
discover.com › home › 8 ideas to save money as a college student
How to save money as a college student | Discover
3 weeks ago - DeMarco recommends a high-yield savings account for any money that students may not immediately need but still want to keep available.