14 Jun 2019 The average savings account rate today is a measly 0.10%, is the online savings account from Discover Bank, which offers a great rate with  20 Dec 2019 What's the best savings account interest rates? One of the best online banks, Ally, has cut interest rates again, down to 1.6%. 5 Mar 2019 Interest rate (APY) is one of the best among savings accounts. You can Those who are already have or used to have a Discover Savings Account are not eligible for the bonus offer. Those with just a Historical Offers Chart 

5 Mar 2019 Interest rate (APY) is one of the best among savings accounts. You can Those who are already have or used to have a Discover Savings Account are not eligible for the bonus offer. Those with just a Historical Offers Chart  18 Jan 2018 Recently, Discover Bank increased the annual percentage yield, or APY, on its online savings account to 1.75 percent. As we explain in “Money  Looking at historical savings account rates can help you make an informed decision when choosing a bank in terms of it's movement alongside the cash rate . 4 Dec 2019 If you want to earn more for every dollar stashed outside of stocks and bonds, a high-yield savings account can be a great place to start.

Compared with the best online savings accounts in our listing, Discover Bank’s Online Savings Account offers a pretty decent rate, but not the best. With a little research, you can find better interest rates out there at other institutions that also don’t charge fees or have minimum balance requirements.

Please enter an amount between $2,500 and $5,000,000. Earned interest with Discover. Assumes principal and interest remain on deposit and interest rate and APY do not change for one year. The values shown are for illustrative and informational purposes only and may not apply to your individual circumstances. Interest over 5x the National Savings Average Opens modal dialog. The Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest-bearing savings accounts with balances over $500 as reported by Informa Research Services, Inc. as of XX/XX/XXXX. Interest rates and APYs are subject to change at any time. Comparison shopping can help you find the best savings account interest rate. If the Federal Reserve increases interest rates and banks pass higher savings interest rates on to consumers, it is well worth the time to shop around for the best rates. Historical savings account interest rates The FDIC has only kept track of savings account interest rates from the beginning of 2010. See how the online savings account you’re considering performs compared to previous average market rates. The current interest rate is 1.50% APY. This is competitive when it comes to basic saving account rates , but is still lower than the current top rate of 1.75% APY and significantly less than 5% APY’s being offering by rewards checking accounts . Discover Bank offers both traditional IRA and Roth IRA CD options, with interest rates that vary depending on the CD term you choose. Terms can go from 3 months to up to 10 years. Terms can go from 3 months to up to 10 years. Your interest rate is the simple interest you’re paid on an account or an investment over a year. For example, if you’ve invested $1,000 into an account with 1% interest, you’ll earn $10 on that investment at the end of a year. An APY is the monthly compounded interest rate over a year —

Unfortunately, Discover Bank didn’t raise the Premium Savings Account rate. That rate remains at 0.85% and is now the same as the standard Online Savings Account rate. Many Discover Bank customers who had been ETrade Bank savings account customers a few years ago were upgraded to Premium status.

Comparison shopping can help you find the best savings account interest rate. If the Federal Reserve increases interest rates and banks pass higher savings interest rates on to consumers, it is well worth the time to shop around for the best rates. This information above for Discover Bank Savings Rate is provided 'as is' and solely for informational purposes, not for specific financial advice. While we aim to keep our information accurate and current, the rates and information shown on this page may be inaccurate or be out of date. Historical savings account interest rates The FDIC has only kept track of savings account interest rates from the beginning of 2010. See how the online savings account you’re considering performs compared to previous average market rates.

The Best Current and Historical Bank Interest Rates -- March 2020 American Express Bank Personal Savings, High Yield Savings, All, 1.70%, 1.70% Discover Bank, Online Savings, All, 1.60%, 1.60%, 2.00%, 1.30%, 0.95%, 0.95%, 0.90%.

23 Oct 2017 Want to earn exponentially more interest? Check out these high-yield savings accounts with no minimums and no fees. 27 Sep 2019 If you opened a Marcus savings account exactly a year ago, then renewing your bonus now is a no-brainer as you'll earn a higher rate on your  20 Aug 2018 The average interest rate on savings accounts is a 0.08% APY, but many of the The average savings account interest rate history shows this slow also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover  5 Sep 2017 While a CD will typically have a higher interest rate than a savings account, and sometimes even money market accounts, it will also have a  Grow your money with a savings account interest rate over 5x the National Savings Average. Opens modal dialog The Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest-bearing savings accounts with balances over $500 as reported by Informa Research Services, Inc. as of XX/XX/XXXX . If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year. The APY will also be 1.00% in this example because your interest didn’t compound multiple times during the year.

30 Jan 2020 SURVEY HIGHLIGHTS. Savings account interest rates just saw the steepest one- quarter decline in the seven-plus year history of the 

Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, History[edit] Discover Bank is mainly an online financial institution that offers many financial services such as checking accounts, savings   Even with the continual growth, Discover's dedication to customer locations, Discover's product offerings and deposit rates are highly competitive. Through the online platform or smartphone pay bills, deposit checks, redeem rewards, and monitor account balances. The Discover Bank Money Market account offers 1.40% APY on your funds if WauBank Online High Yield Savings Review: 1.85% APY (AZ, CT, FL, MA, RI, TN   10 Feb 2020 How much interest can you expect to earn on a savings account? Here are some examples of the average savings account interest rate, and  30 Jan 2020 SURVEY HIGHLIGHTS. Savings account interest rates just saw the steepest one- quarter decline in the seven-plus year history of the 

23 Oct 2017 Want to earn exponentially more interest? Check out these high-yield savings accounts with no minimums and no fees. 27 Sep 2019 If you opened a Marcus savings account exactly a year ago, then renewing your bonus now is a no-brainer as you'll earn a higher rate on your