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High-Interest Savings Accounts from Discover Bank, Member FDIC offer high yield interest rates with no monthly balance requirements or monthly fees, all online.
How does bank interest work, and what are savings account interest rates? These concepts can be confusing, but this article and video will help set the record straight.
High-yield savings accounts typically offer higher interest rates than you’d get if you kept your money in a regular savings account. The Discover® Online Savings Account, for example, offers a competitive interest rate with no fees or minimum deposit.
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
Find a high yield CD account from Discover. Compare online CD rates and choose the best CD term to reach your financial goals. Open a CD online today.
Discover's Money Market account gets you high interest rates, no fees and lets you access your cash via ATM, debit card and checks. Open a money market account today.
IRA Savings Bank Accounts from Discover offer both Traditional and Roth IRAs with high interest rates. View our IRA Savings rates and open an account today.
If you are wondering when savings interest rates go up, the Federal Reserve increased interest rates in 2022 & 2023. Learn how this affects savings accounts.
At any APY, here are a few ideas to help your savings grow: Set up repeating transfers from your checking account to your savings account. Lock a portion of your savings into a CD with guaranteed rates. Visit to explore a variety of terms, from 3 months to 10 years.
The account’s annual percentage yield (APY). Your account’s APY indicates how much interest you will earn on your savings. The higher the APY, the more interest you will earn. This could be an especially important factor if you’re keeping larger funds in your money market account.