Welcome. ", 0.45%Advertised Online Savings Account APY is accurate as of 1/28/2021. NerdWallet's ratings are determined by our editorial team. You also can reach the bank through mail and social media. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Many or all of the products featured here are from our partners who compensate us. Here is a list of our partners. That’s because a money market account balance of $100,000 or more at Discover Bank may earn you a slightly higher APY. No monthly fees on checking and savings accounts. It does offer IRA CDs. As a retail bank, it offers CDs, checking and money market accounts and a high-yield savings account. You need a balance of more than $100,000 in order to earn the top APY. Super savers benefit the most from the bank's money market account. This is currently the only checking option offered by Discover Bank. Discover has grown to become one of the largest credit card issuers in the country. Discover Financial Services net worth as of January 29, 2021 is $26.31B . Interactive chart of historical net worth (market cap) for Discover Financial Services (DFS) over the last 10 years. Her work has been featured in USA Today and The Associated Press. This table does not include all companies or all No monthly fees for keeping any of the bank accounts open. The minimum required deposit of $2,500 is higher than what’s required at some other banks. When evaluating offers, please review the financial institution’s Terms and Conditions. “Discover Bank is an online bank providing one of the most attractive checking account offers in the industry. No minimum deposit to open.". Read our full review of the Discover it® Cash Back. That should cover a trip or two’s worth of internet access while flying at 30,000ft. Terms and Conditions Apply. Discover offers a wide range of banking products - including checking, savings, CDs, and more. The broader Discovery group counts 80% of the richer segment of the South African population, in living-standard measurement groups 8 to 10, among its customers. Sears’ bank, the Greenwood Trust Co., was later renamed Discover Bank in 2000. Annual Percentage Yield (APY) is accurate as of 11/24/2020, , is subject to change without notice, and will be determined and fixed for the term at funding. A debit card is available in addition to free checks. It's easy, convenient and secure. You can also read our community reviews and hear what others have to say about their experience with Discover Bank. available products. This makes the Discover it® Cash Back, undeniably, one of the best rewards credit cards - for the first year, it even beats out competitors like the Citi® Double Cash Card – 18 month BT offer. All financial products, shopping products and services are presented without warranty. We believe everyone should be able to make financial decisions with confidence. Discovery Bank Limited. Discover Bank offers excellent accounts and a massive free ATM network, and it does not charge monthly or overdraft fees. It’s easy to calculate on the bank's website how much interest you’ll earn based on your initial deposit. In addition to its online savings account, Discover Bank offers a money market account. Yes, your Discover Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). Discover’s mobile banking apps receive high ratings from customers, and representatives are available by phone all day, every day. 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