Discover, a division of Capital One, copies Ally Bank and lowers the rate of their Online Savings Account to 3.50%. Discover also lowers their Money Market Account rates. The rates of their other products remain the same.
Discover Bank rates (APY) as of 6-26-2025 include:
Online Savings Account @ 3.50% (was 3.60%)
Money Market Account [$100k and over] @ 3.45% (was 3.55%)
Money Market Account [under $100k] @ 3.40% (was 3.50%)
6-month CD @ 3.70% (no change)
9-month CD @ 4.00% (no change)
1-year CD @ 4.00% (no change)
18-month CD @ 3.80% (no change)
2-year CD @ 3.80% (no change)
30-month CD @ 3.50% (no change)
3-year CD @ 3.50% (no change)
4-year CD @ 3.50% (no change)
5-year CD @ 3.50% (no change)
7-year CD @ 3.50% (no change)
10-year CD @ 3.50% (no change)
For more information regarding all Discover Bank products see:
https://www.discover.com/online-banking/money-market/