Discover offers a popular money market account option that’s available online and earns a competitive rate. Get the details below.
- Update 5/23/2023: The APY rates for their Money Market Account increased from up to 3.70% to up to 3.85%.
- Update 4/17/2023: The APY rates for their Money Market Account increased from up to 3.55% to up to 3.70%.
- Update 2/27/2023: The APY rates for their Money Market Account increased from up to 3.45% to up to 3.55%.
- Update 2/27/2023: The APY rates for their Money Market Account increased from up to 3.35% to up to 3.45%.
- Update 2/21/2023: The APY rates for their Money Market Account increased from up to 3.25% to up to 3.35%.
- Update 12/27/2022: The APY rates for Discover’s Money Market Account increased from up to 2.95% to up to 3.25%.
Discover Bank is an online-only bank and has no retail branches. They are able to offer better rates by operating their banking services online. Their line of deposit accounts include Savings, Checking, Money Market, CD, and IRA CD accounts.
See Posts History below for more offers from Discover savings and money market accounts.
Discover Money Market Account Details
- 3.80% APY for balances under $100,000
- 3.85% APY for balances $100,000 and over
- No fees, including:
- Minimum balance fees
- Withdrawals at over 60,000 ATMs nationwide
- Replacement debit card
- Standard checks
- Official bank check
- Online bill pay
- Expedited delivery for debit card replacement
- Expedited delivery for official bank checks
- Deposited item returned
- Excessive withdrawal fee Opens modal dialog
- Stop payment order
- Insufficient funds
- Account closure
- Customer service is available 24/7
READ MORE: WELCOME OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK AND U.S. BANK.
Opening An Account
- They’ll need a few basics (like address and Social Security number).
- Make a deposit at the time of account opening or come back and do it later.
- Check your email for a confirmation.
A nice rate from a well-known bank. Top competitors will have slightly better rates. Compare here.
- Discover Bank Bonus: $100-$150 Offer For Existing Customers [Targeted] – Ends 5/31/23
- Earn Up To 4.75% APY: Discover Bank’s Best Online CD Account Offers (Available Nationwide)
- Discover Bank Promotions: $150 or $200 Savings Account Bonus [Nationwide] – Ends 6/15/23
- Discover Bank Promotions: $150 or $450 Savings Account Bonus – Ended
- Discover Bank $150 or $500 Savings Account Bonus [Nationwide] – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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