Discover Bank – Savings – Account Review

Discover Bank, of Greenwood, Deleware, still has one of the best savings rates and yields available from any bank or credit union. Discover Bank's savings rate is in the top 3 rates on our savings rates table. The bank's current online savings account rate is 1.24 percent with an account yield of 1.25 percent. The minimum opening account deposit at Discover Bank is $500

Discover Bank’s online savings interest account rate is more than five times the current national average savings rate of 0.24 percent for account balances of at least $2,500. The bank's current rate is also more than three times the current national average of 0.38 percent for account balances of at least $50,000.

Here is a list of information you'll need to provide Discover Bank  to open an online savings interest account.  

  • You must be at least 18 years old
  • Have a valid Social Security Number
  • Have a valid US Address
  • Provide an electronic signature

In addition to having one of the highest savings rates available Discover Bank is also offering some of the best CD rates avaiable these days.

Author: Brian McKay
December 22nd, 2010

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