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Discover Bank's Savings Account Rate Cut and Other News

Monday, February 1, 2010 - 2:19 PMDiscover Bank - Details
Discover Bank cut the rate on its Online Savings Account to 1.35% APY (was 1.60%). This account had been a rate leader, but this cut puts them into the average zone. Existing customers appear to be grandfathered with the 1.60% for now at least.

One bright spot is that Discover is making a major upgrade to their online banking system. I received an overview of it last Friday. I'll have more about this in a full blog post. MyBankTracker already has a review of it. I have more details about this savings account in my Discover Bank review
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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