RateAPY

Discover Bank money market account pays 1.00 percent APY

Posted by: RateAPY Bank Rates News
November 14th, 2011

Financial experts say you should have a minimum of three months’ expenses in an emergency savings account. A money market account can be a good savings vehicle since you will have instant access to it through online banking, an ATM card, checks and, often, a debit card.

The Discover Bank money market account currently pays 1.00 percent APY on balances from $2,500 to $100,000 and above. The Discover money market account requires a minimum opening deposit of $2,500, and then you can set up an automatic transfer from each paycheck into your account to build your savings faster.

Compare money market rates and terms online to get the highest interest rates.