Just enroll with your email or U.S. mobile number and you’re ready to go. This online bank offers a variety of banking products such as high-yield savings, money market, and CD accounts and a cash-back checking account. Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily. Applies to personal accounts only. on up to $3,000 in debit card purchases each month. Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address.

Originally from the metro Atlanta area, she's a University of Georgia alum. Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.

The Primary cardmember is the person who originally opened the Discover card account. Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet. ©2017-2020 and TM, NerdWallet, Inc. All Rights Reserved. Applies to personal accounts only. The Discover card made its debut in the mid-1980s when Sears, Roebuck & Co. still offered financial services. ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal™, who also provide P2P payments) may not be eligible for cash back rewards. Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home.

There are higher savings APYs available at other banks. Discover Bank offers traditional CDs with terms ranging from three months to 10 years. If you do not have this information, you will … *This should not be considered tax or investment advice. Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of. No minimum deposit and no transaction fees. Applies to personal accounts only. It's also possible to get a free official check and free expedited delivery of that official bank check. Earn higher interest with easy access to cash. Discover Bank is an online institution within a financial services company offering various products, including credit cards, personal loans and student loans. Minimum deposit to open is $2,500. Score guaranteed returns with flexible terms. This compensation may impact how, where and in what order products appear. Send to friends, family and people you trust with a bank account in the U.S. Just tell us who to pay and how much – the money’s on its way in minutes. Get access to cash on the go. The wide range of terms available makes it easy to ladder CDs. The Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest-bearing savings accounts with balances of $500 as reported by Informa Research Services, Inc. as of XX/XX/XXXX. For more information regarding the Discover Bank Mobile Check Deposit Service, click here. on up to $3,000 in debit card purchases each month. Venmo and PayPal are registered trademarks of PayPal, Inc. ​, To use Zelle with Discover, an account center registered Discover checking, savings, or money market account is required. Some ATMs have limited hours and/or restricted access.

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances of $100,000 or more and subject to change daily without notice before or after the account is opened. “If the Fed drops its rate during the adjustment period, you could see your interest rate go down and, in turn, see lower monthlypayments.”, – Emily Stroud, financial advisor and founder of Stroud Financial Management, “A large inheritance that pushes you out of your financial comfort zone can create anxiety about how to best manage the money.”, – Robert Pagliarini, president of Pacifica Wealth Advisor. There's no minimum deposit required to open an account and no minimum balance required to waive a monthly maintenance fee. This table does not include all companies or all available products. No opportunity to earn interest through the checking account. No monthly fees for keeping any of the bank accounts open. You can even skip the passcode and log in with touch or face ID. Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. If you exceed these limits on more than an occasional basis, we reserve the right to close your Account. What is Zero-Sum Budgeting and Can It Work for You? APY may change before or after the account is opened.

Minimum opening deposit is $2,500. Earn 0.35% APY on all of your money and get paid up to 2 days early. You’re better off banking elsewhere, however, if you want wider access to bank branches or deposit accounts with higher yields. *This should not be considered tax or investment advice.

BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Secure your tomorrow with smart planning today. What Happens to Mortgage Rates When the Fed Cuts Rates? You can even skip the passcode and log in with touch or face ID. Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home. For Discover Bank Cashback Debit, Online Savings and Money Market Accounts. Minimum deposit needed to open account is higher than it is at some online banks offering higher yields.

Check on your account easily anytime. Whether you’re sending or receiving, Discover doesn’t charge any fees to use Zelle. Here, you will have access to more than 60,000 free ATMs nationwide and a mobile app earning positive scores in the App Store and Google Play. Online and from the mobile app, it’s easy to send and receive money between almost any U.S.-based bank accounts. Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. If you exceed these limits on more than an occasional basis, we reserve the right to close your Account. Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy cannot be guaranteed. Passive income ideas to help you make money, Best age for Social Security retirement benefits, Privacy policy / California privacy policy. Make a deposit now or come back and do it later. In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal®, who also provide P2P payments) may not be eligible for cash back rewards. Both your initial order and any check reorders are free of charge.

Minimum opening deposit is $2,500. Discover Bank is a subsidiary of Discover Financial Services originally established in 1911. As a retail bank, it offers CDs, checking and money market accounts and a high-yield savings account. Money market account has check-writing privileges.

Save simply with higher interest and clear terms. Annual Percentage Yield (APY). You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network. Transaction limitations may apply.

Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. Primary Cardmember Information. Enjoy cash back for spending and easy access to cash. Amanda Dixon is a senior banking reporter for Bankrate.

Amanda Dixon Score guaranteed returns with flexible terms. Discover Bank is an online bank with great savings and CD rates, an extensive network of free ATMs, and a free checking account that pays rewards. An ATM card isn’t available for Discover Bank's online savings account.

Just enroll with your email or U.S. mobile number and you’re ready to go. Voice over IP (VOIP), prepaid mobile phone numbers, landlines and Google voice numbers are not eligible for Zelle enrollment. If you encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000. Please consult a financial planner or tax advisor if you have questions. A Red Ventures company. Super savers benefit the most from the bank's money market account. For Discover Bank Cashback Debit and Online Savings Accounts. There’s no minimum deposit required to open an account and no minimum balance to avoid monthly fees.

You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network. Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of. Checking account offers cash back when its debit card is used for everyday purchases. Enable Quick View to check your account balances without logging in each time. Online and from the mobile app, it’s easy to send and receive money between almost any U.S.-based bank accounts. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. Try adding a city, state, or zip code. Whether you’re sending or receiving, Discover doesn’t charge any fees to use Zelle. Venmo and PayPal are registered trademarks of PayPal, Inc. You can earn 1% cash back on up to $3,000 in debit card purchases each month. Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding. People looking for a full suite of loan products or the highest available rates should look elsewhere. No CD specials or non-traditional products are offered. The number of certain types of withdrawals and transfers from savings and money market accounts is limited to a combined total of 6 per calendar month per account. Applies to personal accounts only. Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances of $100,000 or more and subject to change daily without notice before or after the account is opened. A penalty may be charged for early withdrawal. While it operates only two branches, you can reach bank representatives 24/7 via phone. With it you can earn cash back on debit card purchases, while paying no monthly fees.” “Most of the time, Discover Bank is on our list of the best high yield savings accounts and our list of the best money market accounts.” They earn a higher yield than account holders with low balances.

Make a deposit now or come back and do it later. Sears’ bank, the Greenwood Trust Co., was later renamed Discover Bank in 2000. Nationwide bank customers have been transitioned to Axos Bank. The number of certain types of withdrawals and transfers from savings and money market accounts is limited to a combined total of 6 per calendar month per account.