Top Online Savings Account Rate provided by Discover Bank
Discover Bank’s Online Savings Account currently boasts the highest APY available nationwide (more than 5x the national average!). As of the 20th of this month (April) Discover Bank is offering new and current customers a whopping 1.35% APY on balances of at least $500. Like all money market and online savings accounts, this is a variable interest rate and is subject to change at anytime without notice (please refer to the date of this article for accuracy).
Go To: Discover Bank’s Online Savings Accounts
Terms and Conditions:
1. The APY for the Online Savings Account as of April 20, 2010 is more than 5 times the national average APY for interest-bearing savings accounts with balances of $500 as reported by Informa Research Services, Inc as of April 20, 2010. Although the information provided by Informa Research Services has been obtained from the various institutions, the accuracy cannot be guaranteed. Rates are subject to change at any time.
2. You may make up to six preauthorized transfers from your Online Savings Account per statement cycle, including automatic and telephone transfers.
3. Interest-bearing Savings National Average APY is based on top 50 U.S. banks by deposit provided by Informa Research Services, Inc as of April 20, 2010.
4. Interest-bearing Checking National Average APY is based on top 50 U.S. banks by deposit provided by Informa Research Services, Inc as of April 20, 2010.
* Annual Percentage Yield (APY). APY applies to personal accounts only. Online Savings Account rate based on a $500 minimum balance. Rate may change after account is opened. Fees could reduce earnings on the account. Advertised rate is valid as of 04/20/2010 and subject to change daily without notice.
