Discover Bank Savings Account Rate

Discover Bank, the banking division of Discover Financial Services has one of the highest online savings account rates around today.

Their high yield savings account rate has an annual percentage yield (APY) of 2.00 percent, well above the national average for a savings account these days.

There is a minimum opening balance of $500 for the savings account. The savings account doesn’t have a minimum balance requirement. Did you know that there are Federal regulations that limit savings account withdrawals to six per month (statement cycle)?

Discover Bank has been offering competitive online savings account rates and certificate of deposit rates are awhile now. Hopefully banking rates will start increasing when the economy is in a growth phase again.