RateAPY

Discover Bank Money Market Account at 1.40% APY

Posted by: RateAPY Bank Rates News
February 9th, 2010

Finding more ways to save money and the best place to keep emergency savings are favorite topics of many consumers these days. For many people, a money market account may be the smartest place to safely invest savings while earning interest.

Comparing money market interest rates online makes it easier to find the best bank deals. Check to be sure the account is FDIC-insured, whether fees are charged, and the rules of the account. Most money market accounts limit customers to six withdrawals per statement cycle.

Discover Bank’s money market account offers customers quick access to their funds online, at an ATM, by check, and with a Discover Card or Discover Debit Card. Online transfers from one account to another are free. A minimum deposit of $2,500 is required to open the account.

The current money market account rates from Discover Bank include:

Balance/Interest Rate/APY

$2,500 - $9,999/1.00%/1.00% APY

$10,000 - $99,999/1.39%/1.40% APY

$100,000 and up/1.49%/1.50% APY