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Top savings account: Discover Bank – Online Savings Account

Matthew Goldberg
Written by
Matthew Goldberg
Published on January 14, 2020 | 1 min read

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Discover Bank offers customers a way to save with no maintenance fee and without a minimum opening balance requirement.

Discover Bank doesn’t have the absolute highest annual percentage yield (APY), which cost it in Bankrate’s scoring. But its yield of 1.7 percent APY still was good enough to fall in the second-tier of APY scoring.

In addition to its Online Savings account, Discover Bank also offers a money market account, checking account, CDs, credit cards, student loans, personal loans and home equity loans. Discover Bank’s deposit products are available in all 50 states.

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Written by
Matthew Goldberg Arrow Right Icon
Former Senior Consumer Banking Reporter
Matthew Goldberg is an award-winning writer who has been in financial services for more than 14 years. He uses his banking experience to help inform readers as they make important personal finance decisions.