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.
Discover
discover.com › home › how does interest work on a savings account?
How does interest work on a savings account? | Discover
If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year.
Published December 3, 2025
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
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August 7, 2025Discover HYSA just dropped to 3.4 percent interest
I've been waiting for them to do that. They waited almost a week after the Federal Reserve lowered their rate. I have some cash in my Discover HYSA, but I keep more in my Vanguard Cash Plus account. It's still paying 3.65%. More on reddit.com
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August 17, 2025Is 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
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October 4, 2023Opinion on Discover High Yield Savings Account
I use it and have had no problems. I really like their interface on both the app and website and the “Discover It” credit cards has really good cash back options. I can flip between my savings account & credit card account very easily on their website. It’s not the absolute highest interest rate right now for a HYSA at 4.21%, but like I said I like that my main credit card is the same bank as my HYSA. More on reddit.com
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September 25, 2023What 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 Rates
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
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
forbes.com › advisor › banking › savings
Discover Savings Account Rates – Forbes Advisor
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Forbes Advisor
forbes.com › advisor › banking › savings
Discover Savings Account Rates – Forbes Advisor
1 week ago - 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 › home › 5 benefits of an online savings account
5 benefits of an online savings account
1 week 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 ...
Discover
discover.com › home › 7 types of savings accounts you should know
Learn the different types of savings accounts | Discover
December 15, 2025 - High-yield savings accounts offer significantly higher interest rates than the national average, so your money can grow more quickly. What’s more, virtually all high-yield savings accounts are also online savings accounts, which means you can manage your money from your phone or other device at any time.
Investopedia
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
discover.com › home › how to build your retirement savings with compounding interest
Build retirement savings with compounding interest | Discover
December 15, 2025 - As an example, if you put $1,000 into an account with simple interest of 3.00% Annual Percentage Yield (APY), you will have approximately $1,900 after 30 years. If, however, you have that same $1,000 in an account with compound interest of 3.00% ...
Discover
discover.com › home › what is the difference between apr and apy?
APR vs APY: What’s the Difference? | Discover
December 15, 2025 - 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 ...
Business Insider
businessinsider.com › personal finance › banking › savings › discover savings account rates
Discover Savings Account Rates
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.
Discover
discover.com › home › what is a high-yield savings account?
What is a high-yield savings account? Start here | Discover
November 24, 2025 - So just what is a high-yield savings account? It’s a bank account with a higher interest rate than the national average.
Taxfyle
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, ...
Discover
discover.com › home › certificate of deposit vs. savings account: which is right for you?
Certificates of deposit vs. savings accounts | Discover
October 24, 2025 - Learn the basics of savings accounts and CDs and how they compare, including interest rates, FDIC insurance, benefits, and more here.
Bankrate
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.
NerdWallet
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
12 hours ago - This savings account offers competitive interest rates that vary based on your account balance. Amounts below $250,000 earn 3.85% APY, while rates at or above $250,000 earn 4.00% APY. The account also has a tool for setting savings goals, which ...
Discover
discover.com › home › when will savings account interest rates go up?
Will savings interest rates go up? | Discover
May 17, 2024 - You can typically log into your savings account to confirm the interest rate you are earning, often expressed as the Annual Percentage Yield (APY), or you can check on your bank’s website.
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.
The Motley Fool
fool.com › motley fool money › banks › savings accounts › best high-yield savings accounts (up to 4.31%)
Best High-Yield Savings Accounts of January 2026 (Up to 4.31%) | The Motley Fool
2 weeks ago - Meet the direct deposit and balance requirements, and you’ll earn up to 4.31% APY on savings and up to 0.51% APY on checking, some of the highest rates we’ve seen lately. There are no physical branches, but you can still access cash easily ...
Bankrate
bankrate.com › banking › savings
Simple Savings Calculator | Bankrate
Estimate the rate you'll earn on your investment by checking our rate tables. You can find the best rates on certificates of deposit, savings accounts, and money market accounts. If you already know what you'll be earning, enter the interest rate.
Reddit
reddit.com › r/discover › considering opening up a hysa with discover. what is your experience with discover’s hysa?
r/discover on Reddit: Considering opening up a HYSA with Discover. What is your experience with Discover’s HYSA?
August 7, 2025 -
I’ve been looking for places to open up a HYSA and Discover seemed like the best fit out all the banks I researched. I strictly want to use Discover for my HYSA. I plan keeping my checking account with my current bank for the time being.
For the people in a similar boat (or anyone wanting to chime in) : What is your experience like? Any issues or complains? Is there any hassle moving money between banks / accounts?
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Overall good experience. Easy to link accounts and pull funds. Unlimited withdrawals
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Agreed with the other comment. No issues, super easy to use. I have a checking, HYSA, credit, and CD with Discover and I’ve never had a single issue with any product. Discover to Discover transfers are instant vs external accounts may take 2-3 business days.
Reddit
reddit.com › r/discover › discover hysa just dropped to 3.4 percent interest
r/discover on Reddit: Discover HYSA just dropped to 3.4 percent interest
August 17, 2025 -
Cap One is still at 3.5 percent, interestingly.
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I've been waiting for them to do that. They waited almost a week after the Federal Reserve lowered their rate. I have some cash in my Discover HYSA, but I keep more in my Vanguard Cash Plus account. It's still paying 3.65%.
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Now why doesn’t discover alert me the rate decreases but sent out emails telling me about interest rate increases 🤔