Discover Bank – Money Market Account

Minimum deposit to open: $2500
Minimum balance to avoid fee ($10): $2500

Product Info:

  • Convenient access-online or by phone, ATM, check, Bill Pay, Discover Card or Discover Debit Card
  • Earn a competitive rate-that consistently beats the National Average
  • Daily compounding of interest-ensures you'll always earn the best return
  • No market risk-the money you deposit will never decrease in value
  • Interest compounded daily and credited monthly
  • Up to 6 preauthorized transfers from the money market account per statement cycle, including automatic and telephone transfers
To find out more, visit Discover Bank's website.
Current Rates
Min Deposit Max Deposit APY
$2,500 $4,999 0.85 %
$5,000 $9,999 0.85 %
$10,000 $24,999 0.85 %
$25,000 $49,999 0.85 %
$50,000 $99,999 0.85 %
$100,000 — 0.85 %

Money Market Account Rate History

Money Market Rates ($2,500 - $4,999)

Product Fees

  • Inbound Money Transfer: Free
  • Outbound Money Transfer: Free
  • Incoming Domestic Wire: Free
  • Incoming International Wire: Free
  • Foreign Check Conversion: At cost
  • Excessive Withdrawal (per item): $15
  • Outgoing Domestic Wire: $20
  • Outgoing International Wire: $40
  • Check Reorder(initial order free): $5