Superior Interest Rates, Superior Savings

You work hard enough for your money, so Discover Bank gives you the best savings account interest rates—at five times the national average of regular savings accounts.  Not only do you earn the best interest rates, but the account is super easy to open with a mouse click to the online form or a telephone call to their equally superior customer service team.  In case you are skeptical of the claim “five times” the interest of your savings account, Money Magazine has distinguished Discover Bank time and time again as one of the best online savings accounts available today.  Not only are the online savings accounts awarded such recognition, but the other Discover Bank accounts consistently lead in their categories as well.

So What Are We Talking Here?

This certainly isn’t your grandma’s interest rate nor is it your dad’s or even your big sister’s—as of July 20, 2010 the APY was 1.15%.  In simple terms the APY rate is what your account really earns when interest is added to your account.  To get the highest APY on your savings account, Discover Bank compounds your interest daily and credits it to your account monthly.  In case APY still sounds like gobbledygook, check out the interactive calculator and play around with how that interest rate affects your deposit.  When you make a deposit to your high yield savings account, it begins earning interest immediately as long as it is credited before 2 p.m. EST.  Discover Bank also believes you should keep as much money as possible, so they do not charge basic account fees.  There are fees if you exceed the six free monthly withdrawals, but then again the point of a savings account is to “save” your money.

Online Banking Can be Safer Than Using Your Corner Bank

Discover Bank uses the latest encryption technology so you can be assured your data will be secure.  Since online banking is paperless there are no paper trails for identity thieves to follow.  All your transactions to your online savings account with Discover Bank are made directly to the bank and your statements are sent directly to your email.  Since you receive electronic confirmation of all your transactions, you can maintain your financial records without worrying about losing paper deposit receipts and statements.  If there should be any question with your account, the phrase “bankers hours” now means whenever is convenient for you.  The customer support team is available 24/7 to help you.  Having 24/7 access to your account means that you can often catch problems with your account much faster than with  traditional savings accounts.

Safe, Easy, Great Interest…Open Your Account Today

Now if  you are convinced Discover Bank has one of the best high interest savings account, and it is the right move for you, go back to Discover Bank’s website and follow the simple steps to open your own account today. Do you need more information about Discover Bank in general?  Please look at the Discover Bank Review by Bank Truth.  Remember, your online savings account with Discover Bank is backed by the FDIC, so you know your money is safe and sound while it is working hard for you. If you are not sure that a savings account is the right deposit account for you, Discover Bank also offers CD accounts as well as money market accounts.