Discover Bank Money Market Account

discover-bank-money-market-accountDiscover Bank is offering a 2.00% annual percentage yield (APY) on their money market account. The minimum balance on the account to receive the 2.00% APY is $25,000. Balances from $2,500 to $49,999 receive a 1.75% APY.  The rates are valid as of April 28, 2009 and can change at anytime.  The rates are only for personal accounts.

You can access your funds by ATM, by check and with a Discover Card or Discover Debit Card You may make up to six pre-authorized transfers from your money market account per statement cycle, including automatic and telephone transfers. No more than three of the six transfers may be made by check, draft, debit card or similar order made by the depositor and payable to third parties.

Author: Brian McKay
May 1st, 2009

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