The Discover Bank saving account has an apy of 1.20%. The online saving account process only takes a few simple steps to set up, but someone must have an account already with a bank or credit union.

Fund your new account electronically from your saving or checking account with a check or wire transfer.  Then, verify and submit your information to start earning your savings.

Benefits

- Earn a competitive rate

- Access when you need it (online transfers are fast and free)

- No minimum balances

- No market risk

- FDIC insured

At Discover Bank someone can manage their account securely at anytime and anywhere.