discover savings account interest rate - Brave Search

investopedia.com › discover-savings-account-interest-rates-7500041

Discover Savings Account Interest Rates: January 2026

1 week ago - Discover offers a high-yield savings account that comes with a 3.30% APY, which is much higher than the national average. That interest rate applies regardless of your balance, so you don't have to worry about APY tiers.

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.

Videos

Discover High Yield Savings 2026: Really Worth It? Pros, Cons - ...

January 14, 2025

Best High Yield Savings 2026: Is Discover Worth It? SHOCKING Pros, ...

October 7, 2025

Discover High Yield Savings Account Review | Is it Worth it? 2025 ...

January 16, 2025

Discover Bank Review: Free Checking And High-Yield Savings - YouTube

Discover Online Savings Account Review 2025 | Features, APY, Interest ...

People also ask

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 Rates

How is interest on my Online Savings Account calculated?

Interest is compounded daily and credited to your account monthly.

discover.com › online banking › high yield online savings account

High Yield Savings Account - No Monthly Fees | Discover

What other savings accounts does Discover offer?

Discover offers certificates of deposit with terms ranging from six months to 10 years. Discover CD rates range from 2.00% to 4.05% APY.

forbes.com › advisor › banking › savings

Discover Savings Account Rates – Forbes Advisor

forbes.com › advisor › banking › savings

Discover Savings Account Rates – Forbes Advisor

December 30, 2022 - 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.

bankrate.com › banking › savings

Discover Bank Savings Account Interest Rate | Bankrate

July 9, 2024 - Discover's high-yield online savings account offers a competitive interest rate that's significantly higher than the national average for savings accounts.

discover.com › home › 5 benefits of an online savings account

5 reasons to have a Discover Savings Account | Discover

5 days ago - Whether you’re saving for a new ... 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. “We have been steering people to online accounts because the rates have been ...

Business Insider

businessinsider.com › personal finance › banking › savings › discover savings account rates

Discover Savings Account Rates

May 8, 2025 - The Discover® Online Savings Account has a good interest rate and low fees — you'll earn 3.60% (as of 04/22/25) APY while paying no monthly service fee The $0 minimum opening deposit might be especially attractive to new savers who don't ...

reddit.com › r/discover › discover savings interest rate increased: 3.90%

r/discover on Reddit: Discover Savings Interest Rate Increased: 3.90%

April 4, 2023 -

Its unfortunate that they didn't move to 4% - its competitive, but certainly not the best out there.

If you’re okay moving money around to always have the highest rate available, that’s fine. The landscape is competitive right now. But when rates are down, those others drop much quicker than Discover. Discover is not typically the highest, but they always have a competitive rate regardless if rates are high or low. Their customer service is top notch as well. IMO it’s not worth spending the effort to chase for a fractions of a percentage point. Set it and forget it with Discover.

Schwab’s money market is paying 4.9.

gobankingrates.com › savings account › discover savings account interest rates for september 2025

Discover Savings Account Interest Rates for September 2025

September 2, 2025 - The Discover Online Savings Account is a great choice if you want to earn an interest rate exceeding the national average of 0.39%. It also provides the convenience of linking your

Find elsewhere

Google Bing Mojeek

taxfyle.com › blog › discover-high-yield-savings

Discover High Yield Savings: Pros, Cons, and Alternatives | Taxfyle

June 28, 2024 - For instance, while traditional accounts might offer an APY as low as 0.05%, a high-yield account could offer rates as high as 1.50% or more. One of the key benefits of the best high-yield savings accounts is the effect of compounding interest, ...

nasdaq.com › articles › discover-savings-interest-rates

Discover Savings Interest Rates | Nasdaq

This interest rate is promoted by the bank as five times the national savings average. While you may be able to find a slightly higher rate elsewhere, Discover’s rate is competitive with the best online savings accounts and is well above the current national average savings interest rate of 0.30%.

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?

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.

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.

usatoday.com › money › blueprint › banking › savings › discover-savings-account-interest-rates

Discover savings account interest rates

February 5, 2025 - By keeping $10,000 in a Discover Online Savings Account for five years at a 3.70% APY, you’d earn about $2,149 in interest, making your total balance around $12,149. Keep in mind, savings accounts have variable interest rates, which means ...

discover.com › home › how does interest work on a savings account?

How does interest work on a savings account? | Discover

When you put money in a savings account, the bank is technically borrowing the money and paying you interest in return. “The bank determines the rate, although it’s affected by the general level of rates in the economy and whether the bank is trying to attract new deposits,” says Liz Weston, CFP®, columnist at a personal finance website.

Published December 3, 2025

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%.

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.

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.

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 - Below, we review the Discover® ... savings account is right for you. ... The Discover® Online Savings currently offers a 3.40% APY. Users can start earning interest right away, with no minimum balance required in their ...

discover.com › home › what is the difference between apr and apy?

APR vs APY: What’s the Difference? | Discover

1 month ago - When exploring new financial accounts, ... savings accounts, while APR will impact your terms on credit. You can think of the interest rate as a starting point for comparison as you shop for savings and credit options, as long as you keep in mind all of the variables and differences between APY and APR. So, now you know that APR applies to your borrowing and APY applies to your saving. But do you know what kind of saver and spender ...

quora.com › Why-is-the-APY-for-a-Discover-savings-account-so-high

Why is the APY for a Discover savings account so high? - Quora

Answer (1 of 2): You’ve been duped by your local bank (or even credit union) that you should be grateful for receiving an interest rate of 0.10% interest (or in some .cases, as little as 0.005% interest).

fortune.com › article › discover-bank-review

Discover Bank review: Everything you need to know in 2026 | Fortune

November 17, 2025 - The account also comes with the option to get paid up to two days ahead of schedule when you establish direct deposit. Bank details checked Nov. 17, 2025. Discover Bank has an interest-earning savings account with a 3.40% APY.

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 - How 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.

ratebrain.com › discover-bank-savings-account

3.40% APY - Discover Bank Savings Rate - RateBrain.com

The best rates. Updated daily. ... Please Note: We are not a bank or credit union and are not affiliated with any. This information above for Discover Bank Savings Rate is provided 'as is' and solely for informational purposes, not for specific financial advice.