Discover Bank’s online savings account rate
Discover Bank’s online savings account rate remains strong while the others fall. Below is their rate along with the current national average. To learn more about the product follow the link below.
Discover Bank High Yield Savings Accounts
National Average 1.05% APY
Throughout the last several weeks we have monitored the online savings rates offered by the industry leaders and have seen a consistent downward trend by the majority of the institutions. Ally Bank, ETrade, ING Direct and others have all decreased their rates substantially since the beginning of 2009.
Although the savings environment is rough for consumers right now, Discover Bank is striving to keep a competitive rate on their online savings account. Currently, their rate almost doubles the national average.
Keep in mind, they are still new to the online savings account game (just launched last month). And this account holds a variable interest rate which is subject to change without notice.
This account offer now compliments Discvoer Bank’s other high yielding products such as their cetificates of deposit and money market accounts.
Learn more about: Discover Bank
