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
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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.
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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.
Discover
discover.com › online banking › high yield online savings account
High Yield Savings Account - No Monthly Fees | Discover
December 10, 2025 - Open a high interest savings account that offers high yield interest rates with no monthly balance requirements or monthly fees.
Opinion on Discover High Yield Savings Account
I use it and have had no problems. I really like their interface on both the app and website and the “Discover It” credit cards has really good cash back options. I can flip between my savings account & credit card account very easily on their website. It’s not the absolute highest interest rate right now for a HYSA at 4.21%, but like I said I like that my main credit card is the same bank as my HYSA. More on reddit.com
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September 25, 2023Thoughts on checking and High Yield Savings accounts
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. More on reddit.com
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August 4, 2024Questions about opening a Discover High Yield Savings Account (HYSA)
I’ve never had any issues with Discover. I have 2 CC, 1 checking, 2 savings, and a CD with them. You have access to all your accounts with one log in, but if someone stole your CC they wouldn’t have access to your savings. From what I’ve heard they are still not opening new checking accounts. And yes it is true you can deposit cash at Walmart. You just swipe your debit card and give them cash. More on reddit.com
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January 22, 2023Should I even bother contributing to my high yield saving account?
I’ve been with Discover for about a decade. I have a checking account, savings account, a credit card and personal loan. And I’ve never had any problems at all. People who are happy and have good experiences with a company typically don’t write as many reviews as people who are unhappy, so this gives you a biased look at a company. More on reddit.com
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July 1, 2022How does Discover's interest compare to other high-yield savings accounts?
At 3.40% APY, Discover offers a competitive rate, but some online banks provide slightly higher yields. However, with no fees, daily compounding interest, and a top-rated mobile experience, it remains a strong choice for hassle-free savings.
fool.com
fool.com › motley fool money › banks › savings accounts › savings account reviews › discover online savings review
Discover® Online Savings Review: Great for Mobile Bankers | The ...
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
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
Videos
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Best High Yield Savings 2026: Is Discover Worth It? SHOCKING Pros, ...
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THIS IS WILD! Discover vs Capital One Battle. Which is BETTER? ...
06:18
Discover Bank Review: Free Checking And High-Yield Savings - YouTube
Business Insider
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
May 8, 2025 - See how we rate banking products to write unbiased product reviews. ... This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Business Insider's personal finance team compared the Discover® Online Savings Account to the best high-yield savings accounts and found it to be a standard offering.
NerdWallet
nerdwallet.com › home › banking › best › best high-yield savings accounts for january 2026: up to 4.35%
Best High-Yield Savings Accounts for January 2026 - NerdWallet
1 day ago - When selecting the best high-yield savings accounts, NerdWallet uses multiple data points. They include monthly fees, minimum balance requirements, APY, mobile app ratings and customer service hours. Click the financial institution’s name in the table below to read a full review.
Yahoo! Finance
finance.yahoo.com › personal finance › banking
This week on Reddit: Is Amex or Discover’s savings account better?
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.
Discover
discover.com › home › 5 benefits of an online savings account
5 benefits of an online savings account
1 week ago - Whether you’re saving for a new set of wheels like Stous and his wife, a home down payment, an emergency fund or [enter your next big financial goal here], an online savings account could help you save for your next financial goal. Regardless of your financial goal, you’ll want your savings to earn interest (and then you’ll want that interest to earn even more interest). With online banks offering superior yields compared to traditional banks, Stous recommends online savings accounts to his clients as a financial strategy.
Taxfyle
taxfyle.com › blog › discover-high-yield-savings
Discover High Yield Savings: Pros, Cons, and Alternatives | Taxfyle
June 28, 2024 - These accounts, including the Discover ... 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...
Discover
discover.com › home › money market account vs. savings account: which is best for you?
Money market account vs. saving: Which is best? | Discover
November 3, 2025 - “Historically, money market accounts have offered higher interest rates in exchange for higher minimum balance requirements,” Conroy says. That’s not necessarily the case anymore, she notes. “The lines are blurring as high-yield savings accounts, typically those offered by online-only banks, get ever more competitive with money market accounts.”
Reddit
reddit.com › r/calebhammer › opinion on discover high yield savings account
r/CalebHammer on Reddit: Opinion on Discover High Yield Savings Account
September 25, 2023 -
Have any of you had an experience with Discover’s high yield savings account? I’m considering switching from my Citi savings account that offers nearly nothing on returns. Looking for your opinions and suggestions!
https://www.discover.com/online-banking/savings-account/
Edit: added link
Top answer 1 of 5
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I use it and have had no problems. I really like their interface on both the app and website and the “Discover It” credit cards has really good cash back options. I can flip between my savings account & credit card account very easily on their website. It’s not the absolute highest interest rate right now for a HYSA at 4.21%, but like I said I like that my main credit card is the same bank as my HYSA.
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I have heard the name thrown around for a while now. Honestly anything with FDIC insurance (which I see Discover has) is fine. There are a ton of rules and regulations they have to follow to be FDIC insured. The rules are designed to protect depositors and in the end the government will cover you for up to $250k if somehow the place goes under anyway.
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 ...
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.
Bankrate
bankrate.com › banking › savings
Best High-Yield Savings Accounts Of January 2026 - Up to 4.20% | Bankrate
12 hours ago - To find the best high interest rate for you, browse Bankrate's list of the best high-yield savings accounts from federally insured, highly rated institutions.
Deposit Accounts
depositaccounts.com › home › banks › discover®
Discover Bank Reviews | Best Discover Bank Rates
For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC. ... Written by Ali Cybulski, Published on 6/14/2024 Discover® Bank, a federally insured institution owned and operated by Discover Financial Services, offers online and mobile banking for a suite of deposit products.
Address 502 E. Market St., 19950, Greenwood
Forbes Advisor
forbes.com › advisor › banking › savings
Discover Savings Account Rates – Forbes Advisor
1 week ago - 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 ...
CNBC
cnbc.com › cnbc select › banking › best high-yield savings accounts from big banks in 2025
Best high-yield savings accounts from big banks in 2025
1 month ago - While the accounts we chose in this article consistently rank as having some of the highest APY rates for big banks, we also compared each savings account on a range of features, including ease of use and account accessibility, as well as factors such as insurance policies and customer reviews when available. We also considered users' deposit options and each account's compound frequency. All of the accounts included on this list are FDIC-insured up to $250,000. Note that the rates and fee structures for high-yield savings accounts are not guaranteed forever; they are subject to change without notice and they often fluctuate in accordance with the Fed rate.
NerdWallet
nerdwallet.com › back to nerdwallet homepage › banking › discover® bank review 2025: checking, savings and cds
Discover® Bank Review 2025: Checking, Savings and CDs - NerdWallet
Discover® Bank
Discover® Bank is an online bank with great savings and CD rates, an extensive network of free ATMs, and a free checking account that pays rewards.
CNBC
cnbc.com › cnbc select › banking › discover bank review: the best high-yield savings and checking account offered by a big bank
Discover Bank review: The best high-yield savings and checking account offered by a big bank
December 8, 2020 - CNBC Select reviewed the high-yield savings accounts offered by the largest banks and/or credit unions, and we found that the Discover® Online Savings ranks as our best pick for a one-stop shop.
YouTube
youtube.com › watch
Discover High Yield Savings 2026: Really Worth It? Pros, Cons - YouTube
🏦 Sign Up with Discover: https://alexisidro.com/BestHighYieldSavings💰 FREE Guide to Passive Income with High Yield Savings: https://alexisidro.com/HYSAGuid...
Published January 14, 2025
ConsumerAffairs
consumeraffairs.com › home › finance › banking › best banks
Discover Bank Reviews: Written By Customers
With Discover’s savings account, you can enjoy zero fees on account maintenance, insufficient funds and excessive withdrawals. There is no minimum deposit requirement. ... You can choose from CDs that range in terms from three to 10 years without any fees. These high-yield CDs come with a guaranteed return but are also subject to early withdrawal fees.
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