Which Account is Best for You?

Print

Online Savings Account Money Market Account CD Account IRA CD Account
Best for those who want an easy way to build up their savings with a low opening deposit. Best for those who want to earn a great rate with easy access to their cash. Best for those who want a higher rate and a guaranteed return, but don't need regular access. Best for those who want a tax-advantaged way to save for retirement.

How it Works:



Interest One high rate for all balances Higher rates for higher balances Higher rates for longer terms Higher rates for longer terms
Minimum Opening Deposit $500 $2,500 $2,500 $2,500
Minimum Average Daily Balance $0 $2,500 $2,500 $2,500
Daily Compounding Interest Check Check Check Check
Built-in Benefits:



24/7 Live Customer Service Check Check Check Check
Online Account Management Check Check Check Check
FDIC Deposit Insurance Check Check Check Check
Apply By:



4-Step Online Form Check Check Check Check
Phone
Check Check Check
Mail
Check Check Check
Access Your Money By:



Online Money Transfers Check Check Check Check
Online Bill Pay
Check

Discover Debit Card
Check

Discover Credit Card
Check

Checks
Check

ATM†
Check

Tax Benefits:


Compare IRA CD Types >

† At any ATM with the PULSE® or Discover Network logo and anywhere Discover Card is accepted.