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
December 10, 2025 - 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
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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.
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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.
Considering opening up a HYSA with Discover. What is your experience with Discover’s HYSA?
Overall good experience. Easy to link accounts and pull funds. Unlimited withdrawals More on reddit.com
Is the Discover HYSA a good choice for savings? Could anyone recommend?
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. More on reddit.com
Thoughts 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
Are my fears of Discover’s Online Savings account unfounded?
Just remember that people are more likely to take the time to post about negatives than positives. I'm sure that 98% of people have no problems whatsoever. More on reddit.com
How do I open a Discover Online Savings Account?
Click here to open an account online. Call 1-800-347-7000 where you can talk to a real person from our customer service team.
discover.com
discover.com › online banking › high yield online savings account
High Yield Savings Account - No Monthly Fees | Discover
What is the minimum deposit amount to open my Online Savings Account?
There is no minimum deposit to open a Discover Online Savings Account.
discover.com
discover.com › online banking › high yield online savings account
High Yield Savings Account - No Monthly Fees | Discover
How is interest on my Online Savings Account calculated?
Interest is compounded daily and credited to your account monthly.
discover.com
discover.com › online banking › high yield online savings account
High Yield Savings Account - No Monthly Fees | Discover
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Marcus
marcus.com › us › en
Home | Marcus by Goldman Sachs®
1 day ago - Marcus by Goldman Sachs® is committed to helping customers reach their financial goals. Learn about our online savings options, including high-yield savings accounts and CDs.
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
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.
Discover
discover.com › online banking › money market account
Money Market Account | Discover
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.
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
20 hours 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.
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.
Discover
discover.com
Discover - Personal Banking, Credit Cards & Loans
Open a high-interest, no-monthly fee online savings account. Learn more about online savings or see how a savings account calculator can help you reach your financial goals. Learn more about how CDs grow savings safely, or open a CD account today and lock in a great rate with terms ranging from 3 months to 10 years. Making a balance transfer is a great way to save money on higher interest debt.
Bankrate
bankrate.com › banking › savings
Simple Savings Calculator | Bankrate
Traditional savings: A savings account that’s at lower rates than other interest-bearing financial products. Savings accounts generally have variable APYs. High-yield savings: A high-yield savings account usually has a yield that’s at least a few times higher than the national average APY.
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.
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.