Discover Bank has a money market account rate of 1.75% APY, which is much higher than the national average of 0.44% (based on top 50 banks as of 6/16). With a Discover money market account, you'll be able to access money from anywhere, including online, by ATM, check, debit or credit card. You can also make free online money transfers.
Some important details to note:
- You can make up to 6 preauthorized transfers from your money market account per cycle
- Account rates are based on a $25,000 minimum balance
- Offer applies to personal accounts only
- You'll need a minimum of $2,500 to open a Discover money market account
For more of the best money market account rates, visit Go Banking Rates often as money market rates are subject to change daily.
