(Closed) Discover Bank Savings Account

posted 9 years ago in Money
  • poll: Discover Bank Savings Account

    Don't have one, I have (insert Bank name in comment with APR rate)

    Have one, LOVE it

    Have one, it's okay

    Have one, HATE it

  • Post # 3
    199 posts
    Blushing bee
    • Wedding: December 2010

    I’ve had one for a few years. Like you, I was interested in Discover for the high APR. I don’t know what specific questions you might have, but I never have had a problem with it. I mainly use it for a secondary savings account for big ticket items–transfer in money and let it grow. Because I don’t do much with it, it seemed to have the most benefits for me (i.e. the APR as opposed to other programs that are available. 

    Post # 5
    18628 posts
    Honey Beekeeper
    • Wedding: June 2009

    I have it and love it.  Most banks have horrible rates right now, and the rate there isn’t the greatest right now but can’t really expect much more in this economy.

    Post # 6
    10360 posts
    Sugar Beekeeper
    • Wedding: September 2010

    That’s a great rate – comparable to a good CD right now. Just make sure that they don’t charge you for taking money in/out and that it is easy to do so if needed in a hurry.

    We have our major savings in an Everbank acocunt right now at that same rate, and a smaller savings account with CitiBank at half the rate (it is our short term savings, so we wanted easier access).

    Post # 7
    685 posts
    Busy bee
    • Wedding: October 2011

    Fiance and I have Discover Bank saving account for the “real” saving and we are sastisfy with it.  

    Post # 9
    5667 posts
    Bee Keeper

    I use ING’s Orange Savings. I had started an account with them when their rates were over 4%, but they’re down to a measly 1% right now.’

    I also use SmartyPig for more short terms goals. They’re at 1.10% (though it’s been higher) but it’s not really for long term savings. You can cash out to gift cards and get an additional percentage of your savings added to the gift cards, so if you know you want to save for aTV from BestBuy you can get some free money towards it, which is always awesome.

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