To view these AAA Discover Bank rates, start at AAA's financial services page and enter your zip code. You should then see a Discover Bank link on the right. Note, this Discover Bank AAA accounts don't seem to be available for all zip codes. I couldn't find them offered for a Texas zip code. These are available for at least Florida and Arkansas.
The current money market rates are fairly competitive. Below are the yields for both the standard Discover Bank account and the AAA version:
Balance Stnd APY AAA APY
$0-$2,499 0.00% 2.83%
$2,500-$4,999 3.04% 3.09%
$5,000-$9,999 3.35% 3.40%
$10,000-$24,999 3.87% 3.92%
$25,000-$49,999 3.92% 3.97%
$50,000+ 3.97% 4.02%
The CD rates are also decent with yields ranging from 3.30% APY to 4.18% APY. The most competitive rates are on the longer terms with a 4.18% APY for the 5-year term and 4.02% APY for the 4-year term.
These AAA Discover Bank accounts also have the same new account bonus that I reported on two weeks ago. Please refer to that post for bonus details and for more details on the money market account. In that previous post, a reader mentioned in the comments about his problems with Discover Bank's customer service. In his opinion the customer service "is often unavailable, and unreliable at best." If you've been a Discover Bank customer, your comments are appreciated.
Discover Bank is a member FDIC (Certificate # 5649).
Thanks to the reader who emailed me info on these new accounts.