Savings Account Rates at Discover Bank

Savings account rates at Discover Bank have been slightly lowered recently but the bank's savings rate is still one of the best rates available. Current savings account rates at Discover Bank are at 1.09% with savings account yields at 1.10%. Discover Bank's savings rate was recently lowered from 1.14% with a yield of 1.15%.

Use our savings account rate list to find a list of the highest savings account rates in your state or zip code: Highest Savings Account Rates. To find the highest CD rates use our CD rate list here: highest CD rates.

Discover Bank's website makes opening a savings account is quick and easy, we were able to open an account in less than 5 minutes. The minimum opening savings deposit is $500.

Interest earned on the account is compounded daily basis and credited monthly. The account is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

You can open an account here: Discover Bank Online Savings Account Application.