Discover Bank Online Savings Account

Once again, when it comes to interest rates Discover Bank is continually higher than the national average, and their savings account is no different. Discover Bank’s current Savings Account rate of 1.15% is six times higher than the national average of 0.18%. While a $500 minimum deposit is required to open an account, there is no required minimum balance.

The AutoSavers Plan offered by Discover Bank is a great way to accumulate savings by automatically transferring money from a non-Discover Bank account into it. We also found it to be very easy and convenient setting up an account with Discover Bank. Overall Discover Bank’s Savings Account is definitely one of the best that we have reviewed.