Are you looking for a review of Discover Bank’s online savings account? I will provide you with an in-depth review of the pros and cons of using a Discover Bank online savings account.

Discover Bank Online Savings Account Review

Overall Rating: 4.5 / 5 Stars

Discover Bank provides customers with a high interest savings account. It is free and allows you to earn some great interest on your savings instead of hoarding your savings in a standard bank savings account where you might earn 0.05% interest. Discover Bank is currently offering a 1.04% interest rate with their savings account.

Pros: High Interest Savings, Easy to Deposit and Transfer Money
Cons: Limited Physical Branches, mostly online

How do I deposit Money into the Online Savings Account?

You can deposit money by transferring money from your checking or savings account through an electronic funds transfer, mobile check deposit, or investment account.

How do I withdraw money from the Online Savings Account?

You can initiate a money transfer to your checking, savings, or investment account. Usually it takes 3-5 business days to complete the transfer.

Are Discover Online Savings Accounts Safe?

Yes, Discover online savings accounts are safe. They are FDIC insured and their websites are secure.

Is discover online savings account FDIC insured?

Is discover savings account compounded daily?

Does Discover Bank offer an account bonus?

Should I Open a Discover Online Savings Account?
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