Discover Bank offers fantastic interest rates when it comes to their money market account. At the lowest account balance available the interest rate is more than five times the national average (1.00% as opposed to 0.17%) and more than twelve times that of Bank of America (0.08%). The degree of access into a money market account at Discover Bank is unparalleled as well. One can get access into their account whether by ATM, check, Discover Card, as well as a Discover Debit Card.

However, money market accounts at Discover Bank do have some downsides to them. The minimum initial deposit is $2,500, which is on the higher end when it comes to similar banks. There are numerous fees associated with a money market account as well, ranging from $5 for a copy of a statement to $40 for an outgoing international wire. Lastly, there is no overdraft protection when it comes to a money market account at Discover Bank. Overall though Discover Bank’s interest rates alone make their money market accounts worth considering.