Discover® Online Savings’ annual percentage yield compares favorably with the national average of 0.38%, and you won’t have to pay maintenance fees for this account. There are also no minimum balance requirements to earn interest.
Discover offers a $150 or $200 bonus for opening your first Discover® Online Savings Account (expires 09/11/2025). See below for more details, or see it on our list of best bank bonuses.
Online Savings Account details from Discover: “Advertised Online Savings Account APY is accurate as of 07/22/2025. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.”
Bonus offer details from Discover: “To qualify for Bonus: Apply for your first Discover® Online Savings Account, enter Offer Code NW325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on DiscoverBank.com.”
