Discover
discover.com › online-banking › faq › savings-account
Savings Account FAQs | Discover
Get answers to your Online Savings Account questions with our comprehensive FAQs. Learn how to open an account, and the minimum deposit requirements.
Reddit
reddit.com › r/discover › fiy withdrawal limits on savings accounts
r/discover on Reddit: FIY withdrawal Limits on Savings accounts
July 11, 2023 -
So I never go above the 6 withdrawal limit on my savings account although, I know they don't enforce it. Today after I did my last transfer, I got this message. So I called Discover CS, just to clarify, I was told by the CS rep, that the enforcement is discretionary, meaning that as long going above the 6 withdrawal monthly limit is not a recurring thing, I shouldn't worry, but if is recurring then I can still get my account shutdown.
Top answer 1 of 5
11
Yeah the Fed's rule is they're not enforcing 6 but banks themselves can choose whether or not they do.
2 of 5
8
I've broken the limit every month for almost a year now. Usually do 15+ transactions. Spoken to support reps and they tell me they've seen people doing 30+ withdrawals every month without consequences, they said don't worry about it so I don't.
Are high-yield savings accounts safe?
High-yield savings accounts are safe as long as they're issued from banks that are Members FDIC, which indicates that your deposits are reimbursable up to the legal limit of $250,000 if the bank were to fail or go under.
cnbc.com
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
What is the average return on a high-yield savings account?
The average return on a high-yield savings account right now hovers around 4% APY, with those rates offered by online-only banks typically on the higher end of this range.
cnbc.com
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
Is a high-yield savings account worth it?
A high-yield savings account is worth it since it offers a return on your money that's significantly higher than the national average return on savings accounts. If your money is sitting in a savings account regardless, it might as well be earning the highest interest possible. Plus, your cash in a high-yield savings account is just as easy to access as it is in traditional savings.
cnbc.com
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
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 potentially eat into any interest you may earn. 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, depending on how much you save and how long you save for.
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.
Investopedia
investopedia.com › discover-savings-account-interest-rates-7500041
Discover Savings Account Interest Rates: January 2026
1 week ago - Like many other savings accounts, this one has a limit of six withdrawals per statement cycle, and while Discover won't charge you a fee for excessive withdrawals beyond that threshold, it may refuse to complete the transaction.
Discover
discover.com › home › 5 benefits of an online savings account
5 benefits of an online savings account
1 week ago - Having multiple ways to move or withdraw your funds is a key benefit, such as: Making electronic transfers between your savings account and other bank accounts. Requesting an official bank check. Initiating an outgoing wire transfer. Understanding the things to know about an online savings account could help you make the decision to open an easy-to-use and high-yield financial solution for storing your cash.
Discover
discover.com › home › does it cost money to open a savings account?
Does it cost money to open a savings account? | Discover
1 week ago - When you’re trying to build up your savings, savings withdrawal limit fees, insufficient funds fees, and savings account maintenance fees can add up quickly. Look for a savings account with a favorable interest rate so your money can grow as quickly as possible. High-yield savings accounts ...
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 - With a Sallie Mae High-Yield Savings ... and set up mobile alerts to keep on top of your money. Standout benefits: The six monthly withdrawal limit doesn't apply ......
Taxfyle
taxfyle.com › blog › discover-high-yield-savings
Discover High Yield Savings: Pros, Cons, and Alternatives | Taxfyle
June 28, 2024 - If you are considering opening a high yield savings account, understand the requirements to open a savings account, such as the minimum deposit or balance needed, and any potential monthly maintenance fees. Also, consider the ease of money management options such as the ability to transfer money via wire transfer, withdraw money from a Discover savings using an official bank check, and the implications of reaching a monthly withdrawal limit...
Discover
discover.com › home › 7 types of savings accounts you should know
Learn the different types of savings accounts | Discover
December 15, 2025 - They may require a higher minimum deposit to open the account, sometimes as much as $5,000 or $10,000. The number of withdrawals and transfers allowed by your financial institution may be limited, so check for any account restrictions.
Discover
discover.com › online-banking › faq
Online Banking FAQ | Frequently Asked Questions | Discover
Our online banking FAQ is here to help when you need it. Explore the frequently asked questions you may have on checking, savings or retirement accounts.
Finder
finder.com › www.finder.com › bank accounts › discover › discover® online savings account review
Discover Online Savings review | Finder.com
Discover® Online Savings Account Review
Take advantage of this high-interest Discover savings account with $0 monthly fees, online banking and more. Get the pros and cons in this review. <p>The Discover® Online Savings Account is one of the few savings accounts from a major bank that offers a very competitive 3.40% APY, which is nearly 5x higher than the national average.<sup>(1)</sup> It pairs well with the Discover Cashback Checking account, which allows you to earn cash back on purchases and automatically deposit those savings directly into your savings account. However, as with most online accounts, you can't deposit cash direct
Fortune
fortune.com › article › best-savings-account-rates-7-17-2025
The top savings accounts on July 17, 2025 earn up to 5.00% APY. See our listing of the best high-yield savings account rates on July 17, 2025 | Fortune
July 18, 2025 - Make sure you also avoid accounts with monthly maintenance fees, and look into how hard it will be to access your funds. You want to ensure you can easily make withdrawals or transfers when necessary—preferably without any pesky foreign ATM fees. High-yield savings account rates don’t change on a predictable timetable.
Discover
discover.com › online-banking › faq › checking-account
Checking Account FAQs | Discover
Our Checking Account FAQ is here to assist you with your Online Checking Account questions. Get the answers you need on checking, debit, and cashback rewards.
Business Insider
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Review: Comprehensive Analysis
May 8, 2025 - To help keep your money secure, Discover uses the security protocol SSL to encrypt your data. It also monitors your accounts for potential fraud. ... 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).
Discover
discover.com › home › what is a high-yield savings account?
What is a high-yield savings account? Start here | Discover
November 24, 2025 - For example, say you have $3,000 in a high-yield savings account with a 3% APY. After the first year, you’ll receive $90 in interest calculated on that $3,000 balance. In the second year, though, your interest payment will be based on your new balance: $3,090 (assuming you didn’t deposit or withdraw any funds).
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
Discover High Yield Online Savings Account Review: High APY With No Monthly Fees · Thank you! Your submission has been received! Oops! Something went wrong while submitting the form. ... Start by entering your ZIP code so we can find the best local rates. Enter a few quick details to personalize your quotes. Instantly see side-by-side quotes from top providers. Choose the best option and start saving in minutes. Users save up to $1,025† on annual premiums when they compare with Kudos.
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 - Savings accounts are also subject to the same limit on withdrawals and transfers, Conroy notes.
NerdWallet
nerdwallet.com › home › banking › best › best high-yield savings accounts for january 2026: up to 4.35%
Best High-Yield Savings Accounts of November 2025
19 hours ago - Some checking accounts earn interest or offer cash-back rewards, but a high-yield savings account likely pays more interest. As noted above, a HYSA may limit certain types of withdrawals to a maximum of six per month.
Money
money.com › banking › high-yield savings accounts
Discover High-Yield Savings Accounts Review | Money
September 15, 2025 - However, Discover states in its fine print that they are not currently enforcing the monthly transaction limit on savings accounts. While this likely won't be a concern for the average savings customer who plans to deposit their funds and not touch them save for the occasional ATM withdrawal, be sure to talk to a Discover customer service representative if you think that you might frequently need to move money in the form of wire transfers.