Discover bank savings account rates
What is the interest rate for a Discover savings account?
Discover’s savings account features a 3.30% APY, or annual percentage yield; the interest compounds daily and is paid monthly. You pay $0 for monthly maintenance, and there are no fees for insufficient funds, excessive withdrawals or closing the account.
What is the minimum deposit required for a Discover Bank savings account?
Discover might be best known for its credit cards, but it also offers deposit products. The online bank’s savings account comes with a solid interest rate and no minimum deposit or monthly fees, making it a fine place to store your emergency fund.
Is a Discover Online Savings Account a good investment option?
One of the benefits of a Discover Online Savings Account is that you can grow your money with a savings account interest rate over 5x the National Savings Average. 1 With online banks offering superior yields compared to traditional banks, Stous recommends online savings accounts to his clients as a financial strategy.
Is there a penalty for withdrawing money from a Discover Certificate of Deposit before maturity?
That's no problem. Keep in mind that you may incur a penalty if you withdraw funds from your Certificate of Deposit before its maturity date. The early withdrawal penalty will depend on the CD’s term. Locking in your CD rate and opening an account couldn’t be simpler.
[PDF File]2020 Annual Report
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Consumers are looking for value, full service and innovative features, and Discover Deposit Products delivered in 2020. We launched an IRA Savings account, which combines IRA tax advantages with the flexibility of a savings account. We improved our account opening experience and enhanced our ability to identify fraudulent
[PDF File]ACCOUNT CENTER (BANKING) AGREEMENT - Discover
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This Account Center (Banking) Agreement (the "Agreement") includes the terms and conditions for your use of the Discover Bank Account Center - Banking (the "Account Center") online or through the Discover App, including, in particular, the activities of transferring funds between your eligible Discover account(s) ("Account(s)") (the "Internal Fu...
[PDF File]Discovery Bank Savings Account Options
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What you get A day-to-day savings account with instant access to your money. Earn a base rate of 5.75% which you can boost up to 7.25% based on your Vitality Money status and Discovery Bank products you have. Fees and charges No monthly fee. Pay only for your day-to-day transactions. What you can do Start saving from any amount.
[PDF File]Important changes to your Discover® Deposit Account Agreement
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Deposit Account Agreement Effective February 18, 2023 Questions about your Account? 1-800-347-7000 DiscoverBank.com ©2023 Discover Bank, Member FDIC BK.DBATAGT.L.0123
[PDF File]Deposit Account Interest Rates - BankRI
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Deposit Account Interest Rates Rates are in effect January 13, 2023 and are subject to change thereafter without notice. Premium Checking . Minimum Balance Required to Earn Interest Interest Rate. Annual Percentage Yield (APY) $1.00 0.05% 0.05%. Easy. Savings . Minimum Balance Required to Earn Interest . Interest Rate Annual Percentage Yield (APY)
[PDF File]Discover Bank Mobile Check Deposit Service User Agreement ...
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savings or money market account with Discover open and funded for at least 30 days. The definition of "Existing Customer" means a customer who has had a checking, savings or money market account with Discover open and funded for at least 30 days. Funds from eligible checks deposited using Mobile Check Deposit will be available for withdrawal as
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