Looking for a savings account to deposit your excess funds in? Consider opening a Discover Bank Online Savings Account; available nationwide. No doubt that you would receive a much higher rate at an online establishment than you would at your local bank branch. Paired with phenomenal customer service, you can also earn 2.10% APY on your funds with the Discover Bank Online Savings Account by signing up today! Below is all the information and details you need to open your account!
Known for their online convenience, ability to offer outstanding interest rates, and outstanding customer service, you can always rely on Discover Bank to keep your money in a safe and sound place. Discover Bank is FDIC-insured AND there are no monthly fees, no minimum balance requirements, and you won’t be charged for simply having an account – there really is no comparison when it comes to investing your savings with Discover.
In addition to the current promotion from Discover Bank, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, TD Bank, BBVA Compass Bank or CIT Bank.
|Discover Bank Online Savings||2.10% APY Rate||Review|
|Discover Cashback Debit||$360 Cash||Review|
|Discover Bank CD||Up to 3.10% APY||Review|
|Discover Bank Money Market||2.00% APY||Review|
|Discover Bank IRA CD||Up to 3.10% APY||Review|
To apply, you can click on the link above OR click “Apply Now” below to be redirected to an online application. Apply in just 3 easy steps: Enter your info, Fund your Account, & Done!
Table of Contents
- 1 Discover Bank Online Savings Account Summary
- 2 Discover Bank Online Savings Account Application Link
- 3 Discover Online Savings Account – How To Apply
- 4 Discover Bank Online Savings Account Guide
- 5 Discover Bank Routing Number – ABA & Transit
- 6 Need A Checking Account?
- 7 Why Discover?
- 8 Discover Mobile Hub
- 9 Discover Mobile App Download
- 10 Frequently Asked Questions (FAQs)
- 11 Still Have Questions?
- 12 Author’s Verdict
Discover Bank Online Savings Account Summary
To earn interest on your funds, simply open Discover Bank Online Savings Account. Get started and open a Discover Savings Account in just a matter of minutes.
- Account Type: Discover Bank Online Savings Account
- Rate Offer: 2.10% APY
- Availability: Nationwide
- Expiration: None
- Credit Inquiry: Soft Pull
- Credit Funding: None
- Opening Deposit Requirement: None
- Direct Deposit Requirement: None
- Monthly Service Fee: None
- Early Termination Fees: None
- Promo Code(s): None
Discover Bank Online Savings Account Application Link
Discover Bank Online Savings Account: Definitely consider opening a savings account online to receive a phenomenal return rate compared to your local bank’s savings account. Apply today and start earning interest on your deposits!
Discover Online Savings Account – How To Apply
To earn interest on your deposit balance, simply open an online savings account with Discover Bank with no minimum opening balance. Get started and set up in just a matter of minutes. Open an online savings account in 3 easy steps, and you’ll be off saving before you know it.
- Enter your info
- Register your address, phone, email and social security number (or other taxpayer ID).
- Fund your account
- No minimum deposit to open. Fund with as much as you’d like. You can send Discover a check or transfer funds from an existing bank account.
- Discover will send a confirmation email, then watch the mail for your Welcome Kit.
OR you can call 1-800-347-7000 to have one of their U.S.-based Banking Specialists help you open an account.
Discover Bank Online Savings Account Guide
Below is an overview of the Discover Bank Online Savings Account features. Know exactly what you’re agreeing to. Get peace of mind with their online savings account with no hidden fees. Really. This is all of them.
Effective December 9, 2017
* This Account Guide summarizes product features. For complete information about your Account, refer to the Deposit Account Agreement.
**Federal law limits the number of certain types of withdrawals and transfers from your Money Market Account or Savings Account to a combined total of six (6) per calendar month per Account. There is no limit on the number of withdrawals by Official Check mailed to you. If you exceed these transaction limitations during any calendar month, we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.
Discover Bank Routing Number – ABA & Transit
The Discover Bank routing number is 031100649. It is used for electronic transfers made by ACH (including Direct Deposit) and for domestic wire transfers (from another financial institution within the U.S.).
Need A Checking Account?
• Anyone can open a Discover Cashback Debit account online
• No monthly fees or monthly balance requirements
• With over 60,000 no-fee ATMs in the U.S., Discover is always nearby.
• Move money easily and securely with just a few clicks or taps (transfers to existing discover accounts are immediate)!
• Manage your account and avoid late fees by paying bills online.
• Deposit checks on the go with your phone or automatically with direct deposit.
So why choose Discover? We think you’ll like it. They keep it simple and straightforward. No gimmicks, gotchas, or hidden fees. Most features have no fee, and if they do, Discover will let you know. Discover has it all! Everything you expect from your bank, and some pleasant surprises.
|All Your Account Needs: From saving to everyday banking, Discover will have an account to satisfy your financial needs and goals.|
|Mobile Banking: Get online instead of waiting inline. Pay your bills, transfer money, check your balances and deposit checks quickly and conveniently with our mobile app.|
|Peace of Mind: Security is their top priority. They keep your money and personal information safe with Proactive Fraud Monitoring, $0 Liability Protection, Bill Pay Protection and more. Visit our Security Center for more info.|
|More for Your Money: From competitive rates to cash back on everyday banking, we make sure you’re always rewarded.|
|Personalized Customer Service: Great service starts with listening to customers. They pride themselves on giving straightforward answers and going the extra mile every time. Their U.S.-based Banking Specialists are here to help. Contact anytime at 1-800-347-7000.|
Discover is SECURE. Your money and your data are safe with Discover. Your money is FDIC-insured up to the maximum allowed by law, plus they have $0 Liability Protection so you are never responsible for unauthorized debit card, online, or mobile banking transactions.
In addition, Discover is mobile. Wherever you roam, they’re right there with you.
|Mobile Deposit: In a hurry? Save time and deposit checks on the go with your mobile device.|
|Fast Login: Forgot your password? Simply log in to your account using your fingerprint or a 4-digit passcode.|
|Quick View: In a time crunch? Quickly view your account activity without the hassle of logging in.|
|ATM Locator: Need cash fast? With over 60,000 no-fee ATMs in the U.S., we’re always nearby.|
They’re helpful. Loyalty goes both ways, so Discover goes out of their way to win yours. They’re here to help. Their U.S.-based Banking specialists are available 24 hours a day, 7 days a week. It’s the same level of service that keeps Discover Card ranked the highest in customer loyalty.
View your Discover Online Savings Account with mobile banking any time. Any place.
- Transfer Money
- Move money in and out of your savings account easily and securely with just a few clicks or taps.
- View Activity
- View your savings account balance and activity online or with their mobile app.
- Deposit Money
- Deposit checks on the go or grow your savings with automatic transfers.
Discover Mobile Hub
Make the most of your account, wherever you go. Their mobile app puts everything you need right at your fingertips. Text APP to DISCOV (347268) to download on your phone whether it be an Apple or Android device.
|Account Management for all the Devices in Your Life: From your mobile phone to your tablet to your smart watch, Discover Mobile has you covered. Download the app to your mobile devices and and you’ll be able to manage your account, view transactions and manage spending from anywhere.|
|Freeze ItSM takes the worry out of a misplaced card. Just Freeze ItSM from our mobile app to prevent new purchases, cash advances and balance transfers. Then, unfreeze your account when you find your card.|
|You earn rewards everywhere—now redeem them from anywhere. Check your Cashback Bonus balance and redeem your rewards right from your phone. Plus, shop Discover Deals for online and in-store offers at your favorite merchants.|
|Great features on the latest wearable tech. With Discover Mobile on your Apple Watch® or Android WearTM, you’re always in touch with your balance, account reminders and Cashback Bonus notifications.|
Discover Mobile App Download
Get Discover Mobile. Text APP to DISCOV (347268) to download on your phone. Message and data rates may apply. You can also download the mobile app via iOS or Android:
Frequently Asked Questions (FAQs)
If you’ve got questions, their online savings account FAQ has answers.
Opening an Account
- Q: What is the minimum deposit to open my Online Savings Account?
- A: There is no minimum to open a Discover Online Savings Account
About Your Account
- Q: Am I required to maintain a minimum balance?
- A: There is no minimum balance requirement.
- Q: How can I access and manage my Online Savings Account?
- A: You can access and manage your account online. Click here to login to your account. You can also access and manage your account via our mobile app available for Android™ and iPhone®. If you do not have an Android or iPhone smartphone, you can still access your account on your phone from DiscoverBank.com. Please remember your mobile device must be set up to access the Internet in order to use Mobile DiscoverBank.com. Not registered for the Account Center? Register Now
- Q: What fees are associated with my Online Savings Account?
- A: *See account guide above OR see the Online Savings Account Guide for more info.
- Q: Is the Online Savings Account FDIC-insured?
- A: Funds on deposit at Discover Bank are FDIC-insured up to the maximum allowed by law. For more information, visit their FDIC information page.
- Q: How many withdrawals or transfers am I allowed?
- A: Federal law limits the number of certain types of withdrawals and transfers from an Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.
- Q: What types of transactions count towards the six withdrawals or transfers per calendar month?
- A: Below are the transactions that count towards the six withdrawals or transfers per calendar month:
- ACH Transfer
- Wire Transfers (a fee applies)
- Phone Transfers
- Online Transfers
- Online Bill Payments
- Transfers to repay loans at Discover Bank
- A: Below are the transactions that count towards the six withdrawals or transfers per calendar month:
- Q: Does my savings account provide the option to enroll in overdraft protection?
- A: Yes, your savings account is eligible for enrollment in our overdraft protection service. Click here for more information about overdraft protection.
Still Have Questions?
This Discover Bank Online Savings Account offers an oustanding return rate compared to your brick and mortar and several online institutions. Definitely the smarter route to take if you’re stuck between opening a savings account at your local bank or an online bank. I personally bank with Discover, and let me tell you that their customer service is PHENOMENAL. Let us know about your thoughts and experience with Discover Bank in the comment section below. Be sure to check back on BankDealGuy for more bank promotions!
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