So I'm a college student. I don't currently have a to save account, however I do have a decent sum of money saved up in my check account (around 10k). I have actually a credit card with Discover and also they freshly emailed me v a transaction that if I develop a savings account through them soon, the will have 2.10% APY, through no fees or min balance. I'm not also educated top top the subject, but 2.1% APY is pretty good right? and I already have a credit card with them. Are there any kind of banks that have actually much higher? and does that make sense for me to make a to save account in the first place, or must I wait till I've i graduated college and have a job?

Sorry for being anywhere the place, and thank you come anyone that takes the moment to answer!


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level 1
· 3y

I have actually used discover for my primary savings for numerous years. They're good.

You are watching: Discover savings account reddit


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level 1
· 3y

2.1% is pretty an excellent right now. It isn't among the top 3 for online only banks, so the is up to you if you wish to chase the absolute highest rates or work out for something close. CIT for instance has 2.45% however it has conditions.

You should have actually a save account of some sort.


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level 1
· 3y

That money should have remained in a to save account lengthy ago. 10k will earn you a quite chunk that interest and also Discover's prices are nice competitive v the other online savings accounts. Go for it!


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level 1
· 3y

2.1% APY is pretty an excellent right?

2.1% is decent because that an virtual savings account, if you want to stick v Discover.

Are there any kind of banks that have much higher?

You most likely won't find anything much higher, uneven you're ready to address extra demands for meeting the higher rate. I don't recognize if it's quiet around, but I remind there was some sort of prepaid debit map that available 5% APY as long as you kept a little balance, made number of purchases every month, etcetera.

You can get something at the very least a little higher, though. Ally bank recently upped their rate to 2.2%.

And does that make feeling for me to do a to save account in the very first place, or need to I wait till I've i graduated college and have a job?

I don't watch any advantage to waiting. Simply remember the you deserve to only make six withdrawals every month from her savings account. (If you withdraw an ext often than that, they can charge girlfriend a fees or close her account.)


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level 1
· 3y

I'm not as well educated top top the subject, yet 2.1% APY is pretty good right?

Yes it is. Anything over 2% is pretty great right now. Over there are financial institutions with greater rates if you're simply trying to chase the highest possible APY, however Discover is really good.

Are there any kind of banks that have much higher?

I've seen as high together 2.45% but I can't fairly remember who that to be with. CIT maybe?

does it make sense for me to do a to save account in the first place, or should I wait until I've graduated from college and also have a job?

Yes, pretty much everyone should have a savings account, and also you certain should not leave $10,000 just sitting in a check account.


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level 1
· 3y

level 1
· 3y

Discover is fine if you desire to keep every little thing under 1 roof. They never ever offer the optimal rates, however are usually pretty close to the optimal rates (2.1 vs 2.25%/2.35%
Marcus). You have to absolutely placed your excess cash in a high productivity savings account. The only thing ns don't like about Discover to save is they perform take ~4 service days to deliver to my external checking accounts, whereas Marcus will transport next company day.

See more: Corrosion Of Conformity Clean My Wounds Lyrics, Corrosion Of Conformity


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level 1
· 3y

Discover customer service and their online banking application are awesome. For this reason there’s that.


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