3. Discover® Online Savings: Best for Zero Fees and Reliability
While Discover is universally known for its cash-back credit cards, its online banking division is a hidden gem. The Discover Online Savings Account delivers everything you want in an HYSA: high interest, incredible customer support, and absolute simplicity.
- Monthly Fees: $0.
- Minimum Balance: $0.
- Customer Service: 24/7 US-based support.
Why We Recommend It
Discover goes above and beyond to eliminate the fine print. There are no monthly maintenance fees, no fees for insufficient funds, and no minimum balance requirements to earn the advertised high APY. Plus, if you ever have an issue, their customer service is available 24/7 and is highly rated for actually solving problems quickly.
What to Keep in Mind
Similar to Ally, Discover lacks a physical branch network. Transfers to your main checking account typically take 1 to 3 business days.
Click “Next” to access our 3 Golden Rules for choosing the perfect savings account!