Discover Online Savings vs. American Express® High Yield Savings Account. The American Express® High Yield Savings Account (Member FDIC) pays 3.60% (as of 5/8/25) APY (annual percentage yield).

By keeping $10,000 in a Discover Online Savings Account for five years at a 3.70% APY, you’d earn about $2,149 in interest, making your total balance around $12,149.

Discover has been around for decades. Most people know about its credit cards, which were first introduced in 1985 by… The ...

The Discover® Online Savings currently offers a 3.75% APY. Users can start earning interest right away, with no minimum balance required in their account. Discover also sometimes offers welcome ...

Explore Discover bank accounts, loans, and credit cards in 2025. For banking, we cover fees and benefits for checking, savings, CD, and money market accounts.

Discover’s online savings account offers a 3.60% APY and doesn’t have fees for items such as monthly maintenance, insufficient funds, official bank checks and excessive withdrawals.

Best for customer service: American Express® High Yield Savings Account; Best for checking/savings combo: Discover® Online Savings Account; Best for mobile access: Sallie Mae High-Yield Savings ...

While Discover is best known for its credit cards, it also offers online-only bank accounts, including the Discover® Money Market Account.. This fee-free account has a $0 minimum opening deposit ...

Discover is known for its credit cards, but the company also offers a full-service banking account. The Discover® Bank Online Savings Account has a competitive APY of 3.50%, ...