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The Discover Online Savings Account is an online high yield savings account offering competitive interest rates with no hoops to jump through. Key Info. APY.70% APY. Monthly fee. $0.
Discover Financial. Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
Savvy savers know that you can multiply your money by moving it to a high-yield savings account earning more than 10 times the 0.46% national average at your neighborhood bank.
Even if you have a baseline $1,000 in savings, a 4.5 percent HSYA will earn you about $40 more per year than a traditional 0.47 percent account, if inflation holds at 3 percent.
The Online Savings Account from Discover Bank can be a good choice if you prefer the convenience of having highly rated deposit products and credit cards all in one place. Discover’s savings ...
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In fact, more than 8.5 million customers signed up for OSAs with leading U.S. banks in 2005 alone, and some industry experts estimated the online savings account market would triple in size, from $250 billion to $400 billion by 2010. [1] [2]