Just opened one. What has been everyone’s experience? I opened it due to the higher interest return. Thanks in advance.
Considering opening up a HYSA with Discover. What is your experience with Discover’s HYSA?
Is the Discover HYSA a good choice for savings? Could anyone recommend?
Thoughts on checking and High Yield Savings accounts
Are my fears of Discover’s Online Savings account unfounded?
How do I open a Discover Savings Account?
You can open a Discover Savings account by going online and filling out an application form. You'll need some personal information, such as a Social Security number and your physical address. If you aren't comfortable filling out the form yourself, you can call Discover's customer service; they can help you open an account. You won't be able to open accounts at branches because Discover is an online bank.
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.