Discover Online Savings account review

Updated

There are many savings vehicles, but few are as interesting as Discover Bank's Online Savings account. That's because it offers an interest rate of 4.35% APY, which is five times the U.S. national average, and no fees of any kind.

It also has other features that we'll show you in more detail.


Other featured accounts:

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Commissions
Account management: $ 0
Check deposit: $ 0
Check writing: $ 0
Transfers: $ 0
Profitability
APY: 4.35%
Rate of interest: Fixed
Interest settlement: Monthly
Advantage
Checkbook: No checkbook

Additional information of Online Savings account

Discover Bank online savings accountsUnlike the Cashback Debit account, Discover Bank's Online Savings account is designed to help you save more for your money. With compound interest, you can meet your goal faster. Best of all, this product does not include any fees:

  • Account closure
  • Excessive withdrawals
  • Insufficient funds
  • Official bank check
  • Monthly maintenance
  • Expedited checkbook remittance
  • Stop payment order

Another advantage of this savings account is that it does not require a minimum balance. If for some reason you have to withdraw all your funds, you will not be charged for being at $0.

This is complemented by the ease of use of this online financial instrument. To obtain it, you only have to comply with three basic steps and then take advantage of its facilities from your favorite devices.

Manage your money through your cell phone

The Discover Online Savings account also includes an app that streamlines your operations. In addition to making your transfers faster, it has other useful features:

  • Quickview. When you enable this feature, you don't have to enter your information to see your balance.
  • Mobile check deposit. This is an option that allows you to deposit a check by taking a picture of it from your tablet or smartphone.
  • Touch or Face ID. These are ways you can use to identify yourself without having to use your password.

Finally, it should be noted that this online bank has one of the most valued customer services in the industry for its personalized and 24/7 treatment.

If you are interested in highly profitable online accounts, you may be interested in other options such as Capital One or Ally Bank, also without commissions.

Español: Cuenta de ahorro Online de Discover Bank