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
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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.
Discussions

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
🌐 r/discover
27
23
August 7, 2025
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
🌐 r/CreditCards
48
7
October 4, 2023
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
🌐 r/discover
18
19
August 4, 2024
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
🌐 r/discover
21
29
July 18, 2025
People also ask

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.
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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.
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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.
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discover.com
discover.com › online banking › high yield online savings account
High Yield Savings Account - No Monthly Fees | Discover
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Investopedia
investopedia.com › discover-savings-account-interest-rates-7500041
Discover Savings Account Interest Rates: January 2026
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.
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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.
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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.
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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.
Find elsewhere
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Discover
discover.com › home › what is a high-yield savings account?
What is a high-yield savings account? Start here | Discover
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....
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Discover
discover.com › online banking
Online Banking | Open an Online Bank Account | Discover
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.”
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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.
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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.
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Discover
discover.com › home › 5 benefits of an online savings account
5 benefits of an online savings account
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.
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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 ...
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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.
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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.
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Business Insider
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
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.
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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 - Standout benefits: In addition ... this for? With a Sallie Mae High-Yield Savings Account, you can access account details and transfer funds via text message, deposit ......
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Discover
discover.com › home › 7 types of savings accounts you should know
Learn the different types of savings accounts | Discover
December 15, 2025 - They typically have higher fees and offer lower interest rates than online savings accounts. High-yield savings accounts offer significantly higher interest rates than the national average, so your money can grow more quickly.
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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.
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U.S. News
usnews.com › home › money › banking
Best High-Yield Savings Accounts - January 2026 | US News Money
1 week ago - Learn how to choose a high-yield savings account and find the best account rate.