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Discover® Money Market

Discover® Money Market




Promise

It’s like a traditional savings account—only better.

  • Convenient access–online or by phone, ATM, check, Discover Card or Discover Debit Card*
  • Earn a competitive rate–that consistently beats the National Average1
  • Daily compounding of interest–ensures all your money works for you
  • No market risk–the money you deposit will never decrease in value

    • Check Current Rates

    You need to make an initial deposit of at least $2,500 to open an account. A minimum average daily balance of $2,500 must be maintained in order to avoid fees.

    Discover Bank Money Market Account statements are mailed on the 20th of each month. You should receive a statement within 7-10 business days from this date.

    Interest is compounded daily and credited monthly.

    AutoSavers Plan helps you accelerate your savings by automatically transferring money from your savings or checking account monthly, weekly, or bi-weekly and depositing it into your Discover Bank Money Market Account.

    Fee Schedule for Discover Bank Money Market Accounts
    1. The fee is $15 for residents of West Virginia.
    Incoming Domestic Wire Free
    Incoming International Wire Free
    Foreign Check Conversion At cost
    Excessive Withdrawal (per item) $15
    Outgoing Domestic Wire $20
    Outgoing International Wire $40
    Check Reorder (initial order free) $5
    Copy of Statement, Check, Deposit Item $5
    Priority Mail $20
    Stop Payment (per request) $15
    Minimum Balance (average daily balance below $2,500) $10
    Returned Deposit Item $15
    Emergency Counter Check (per item) $5
    Withdrawal by Official Bank Check (per check) $5
    Account Closure (within 90 days of opening) $20
    Collection Item $10
    Debit Replacement Card $5
    Returned Item $351

    Contact

    Online

    Ask Questions or Bank by Phone:
    Account managers are available to personally assist you, Please call us any time 24 hours / 7 days a week
    1-800-347-7000
    (TDD 1-800-347-7454).
    Mail
    For New Accounts:
    Discover Bank
    New Accounts
    P.O. Box 2019
    Greenwood, DE 19950-2019
    For Deposits by Mail:
    Discover Bank
    P.O. Box 2019
    Greenwood, DE 19950-2019
    Open an Account:
    1-800-347-7000
    (TDD 1-800-347-7457)

    Technical Support:
    1-877-409-0274

      Did Discover® Money Market Deliver on the Promise?
      LiesTriedAlmostAs PromisedWent Beyond the Promise (2 votes, average: 2.50 out of 5)

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    Submitted by helpyourmoney, Updated January 4, 2009



    One Feedback on “Discover Credit Cards”


    Jan January 4, 2009
    Reply

    one of the better credit cards out there. Why some merchants do not accept discover beats me….



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