Comments on: Not Just Credit: Discover Bank Offers a Savings Account Too

By: MyFinancialObjectives

MyFinancialObjectives — Thu, 01 Jan 1970 00:00:00 +0000

Ahh good to know… Wow seems like Discover may have ING beat! I’m pretty sure that rate is higher than Ally, which I thought was the current interest rate leader. If I actually had a substantial amount of cash in my savings I would consider switching! Thanks for the info!

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

@MyFinancialObjectives – You can have more than one account. You can actually use the initial application to set them all up. You can have as many as 5. I use this approach as well and really enjoy it.

By: MyFinancialObjectives

MyFinancialObjectives — Thu, 01 Jan 1970 00:00:00 +0000

wow is this too good to be true? That definitely better than the rate I am getting with ING right now, and I though ING were the best around. Right now I’m getting 1.10 with ING. Do you know if you can have many different accounts and attach your own label to them? It sounds silly, but its a nice little feature I enjoy:)

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

@Kate – Yeah, I can’t say I’ve seen them in any major publications or on TV. I think their advertising has mainly been online. But I’m sure they’ve also promoted it to their card holders as well. Right now the rate is one of the best of the online banks.

By: Kate

Kate — Thu, 01 Jan 1970 00:00:00 +0000

I had no idea that Discover offered a savings accoumt, it will be interesting to see how they stack up against my credit union and the other savings programs available.