Discover Bank Online Savings Account
The Discover Bank Online Savings Account is from an institution that also gives you the Discover Card. Before it became known as Discover Bank in 2000, it was originally known as Greenwood Trust Company having first opened its doors in Greenwood, Delaware. Today, it manages $25 billion in consumer deposits.
As a member of the Discover Financial Services family, Discover Bank is backed by one of the country’s leading financial networks and continues the tradition of superior service for which the Discover brand is recognized. Discover Card ranked number 1 in Customer Loyalty in Brand Keys Customer Loyalty Engagement Index Report and Discover Financial Services received the 2007 World Class Customer Satisfaction Award for call center satisfaction from Service Quality Measurement Group, Inc.
According to Informa Research Services, the national average APY for interest-bearing savings accounts is 0.21%. Discover Bank promises to move your money in the right direction with an interest rate of 1.34% and a 1.35% APY with its saving account. That is a rate that is over 5 times the National Savings Average. This Online Savings Account has a low opening deposit of $500 and has no minimum balance. You can fund your account from any checking or savings account, with a personal check, or by wire transfer. Online money transfer is fast and free. You can set up one-time repeating transfers to or from any checking or savings account or you can also transfer money to or from any linked bank account. You may make up to six preauthorized transfers from your Online Savings Account per statement cycle, including automatic and telephone transfers. You will also be able to view your account balance and history online or talk with a banking specialist 24/7. These bank rates were posted on 2/9/2010 and still valid on 2/15/2010.
Visit their website for more details on the Discover Bank Online Savings Account.
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Alliant Credit Union Savings Account Rates | Online Banks on
Tue, 30th Mar 2010 6:28 am
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