Earn interest over 5x the National Savings Average.

Grow your money with our high-yield Online Savings Account. No minimum deposit required. And if you want an account with “No. Fees. Period.” as well as a competitive APY, this is it.

Benefits of Discover Bank Online Savings Account

Get to 3.50% APY and unlimited 1% cash back on all purchases with “No. Fees. Period.” as well as a competitive APY.

Open An Account
  • Discover Bank offers 3.50% APY with no monthly fees and $0 initial deposit.
  • Interest is compounded daily and credited to your account monthly.
  • Monthly Fees only $5.
  • Minimum opening deposit $0.
  • Earn 5% cash back at different places each quarter, when you activate.
  • Get unlimited 1% cash back on all purchases.

Why open a Discover Bank Online Savings Account?

Get a high APY of 3.50% and unlimited 1% cash back on every purchase with Discover Bank’s Online Savings Account. Enjoy “No Fees. Period.” and low monthly fees of only $5. Open an account today and start saving for your future.

Mobile Banking

Up to 3.50% APY

Earn up to 3.50% APY with no monthly fees and $0 initial deposit.

5% Cash Back

Earn 5% cash back at different places each quarter, when you activate.

Unlimited 1% Cash Back

With your Discover it card, you automatically earn unlimited 1% cash back on all purchases.

No. Fees. Period.

No. Fees. Period. That means you won’t be charged an account fee on our CD account.

To open a Discover Bank Online Savings Account, you must:

Discover Bank Online Savings Account is open to anyone who meets the eligibility requirements, which include being a U.S. citizen or resident alien with a valid Social Security number and a valid U.S. mailing address.

Emergency Savings

Reach your savings goals faster with Discover Bank’s Online Savings Account. Get 3.50% APY and unlimited 1% cash back on all purchases, with no monthly fees.

Interest Rates

The Citibank Accelerate Savings Account offers a high interest rate, providing over 10 times the national average on savings accounts.

House Needs

Discover Bank’s Online Savings Account can help you save for your house needs with a competitive APY and no fees. Plus, get a low-cost loan to make your dream home a reality.

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