discover savings account minimum balance - Brave Search

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.

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 - Some banks have a savings account minimum deposit, while others set a minimum balance threshold.

Discussions

Should I keep my savings here?

You can have accounts with MORE than one bank or financial institution. Did you read the Fee Schedule for both banks? More on reddit.com

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March 5, 2024

Savings account seems too good to be true ?

While it does sound too good to be true I can confirm I’ve had zero issues and Discover is a well established company so your money is safe. More on reddit.com

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May 14, 2023

Discover Savings Interest Rate Increased: 3.90%

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. More on reddit.com

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April 5, 2023

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 Review: Comprehensive Analysis

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

Am I required to maintain a minimum balance in my Online Savings Account?

There is no minimum balance requirement for an Online Savings Account.

discover.com › online-banking › faq › savings-account

Savings Account FAQs | Discover

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

capitalone.com › bank › 360 performance savings account

High-Yield Rate: 360 Performance Savings | Capital One

5 days ago - You can open a 360 Performance Savings account in about 5 minutes online, on your mobile device or at a Capital One location—no minimum balance required.

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.

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

Discover Savings Account Interest Rates: January 2026

6 days ago - Discover doesn't have a minimum balance requirement. To determine how much to save, think about your goals and what you want to accomplish with your short-term savings, and look at how much you can expect to earn at different rates and deposit ...

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 - With $0 min. balance for APY ... This savings account does not charge monthly fees, and there is no minimum balance required to the earn the 3.65% APY. You'll be able to access your account through multiple options, such as mobile app and desktop.

Openbank High Yield Savings

Western Alliance Bank High-Yield Savings - Powered by Raisin

CIT Bank Platinum Savings

forbes.com › advisor › banking › savings

Discover Savings Account Rates – Forbes Advisor

5 days ago - If you’re looking for a savings account that charges few fees and offers a solid APY, Discover® Bank Online Savings Account could be a suitable choice for you. The account has no minimum ...

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nerdwallet.com › banking › learn › discover-savings-bonus

Discover Savings Bonus: $150 or $200 Promotion - NerdWallet

March 6, 2019 - You'll have to open an account with the bank and deposit at least $15,000. That's steep, but the online bank also offers one of the best savings rates on the market. The bank offers a high-quality online experience, too.

Business Insider

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

Discover Savings Account Review: Comprehensive Analysis

May 8, 2025 - No, the Discover® Online Savings Account doesn't have monthly account fees or minimum balance requirements. There are also zero fees for official bank checks, stop payment orders, insufficient funds, or bounced checks.

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

5 benefits of an online savings account

5 days ago - When thinking about important things to consider with savings accounts, add no minimum balance requirement to the list. If you are just getting started with your savings (way to go!), it can be challenging to set aside a large chunk of cash just to avoid a balance requirement fee.

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.

creditkarma.com › money › i › high-yield-savings-accounts

6 Best High-Yield Savings Accounts 2023 | Intuit Credit Karma

1 week ago - And if you need to talk to someone ... totaling $1,000 or more; and have a positive balance at month’s end. No minimum balance requirement — Varo doesn’t require that you keep a minimum balance in your account to keep ...

discover.com › home › why open a savings account? 5 reasons to add savings to your financial mix

Why open a savings account? | Discover

1 week ago - In order to complete your application and open your account, there may be some savings account requirements, including providing identification information and meeting a minimum opening deposit amount. Note that some savings accounts come with no minimum opening balance requirement, making them a great fit if you’re just ramping up your savings efforts or want to open the account and worry about depositing funds later.

discover.com › home › 3 ways to add funds to your new bank account

3 ways to add funds to your new bank account | Discover

1 month ago - Learn simple and quick ways to fund your new Discover checking, savings, or money market account. Utilize online transfer, mobile check deposit, and more.

fortune.com › article › discover-bank-review

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

November 17, 2025 - Discover Bank has an interest-earning savings account with a 3.40% APY. The account is free with no maintenance fee or minimum deposit to open. That’s a solid return for a high-yield savings account.

discover.com › online-banking › faq › money-market

Money Market Account FAQs | Discover

Discover answers to your Money Market Account questions with our comprehensive FAQs. Learn about making deposits, minimum balance, account fees, and more.

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.com › online banking

Online Banking | Open an Online Bank Account | Discover

We’re making sure you can bank your way with accounts that fit your lifestyle–that means no fees and no minimums.

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 ...

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

How does interest work on a savings account? | Discover

Weston says you can often get better returns from an online savings account because online banks don’t have to pay for branches and can pass the savings on to consumers. Online banks therefore “have advantages over traditional banks,” she says, “typically, no minimum account balance requirements or fees.”

Published December 3, 2025