By Georgie Miller
For thousands of years, most people believed that the world was flat. Similarly, many people today believe that Discover is "just" a credit card company.
Pardon me while I snort with laughter.
It's true that Discover Card is one of the best-known cards in the biz -- "It really pays to Discover," after all -- but there's much more to Discover than credit cards, even if they did introduce the very first cash-rewards credit card way back in 1986. Today, Discover Bank -- the card company's division for deposit accounts -- offers a variety of savings options for consumers.
Discover Bank accounts
Discover Bank's accounts aim to help you balance flexibility -- that is, the ease with which you can access your money -- and yield, the amount you're getting out of your investment. The company offers three main options: a money market account, online savings account and high-yield CDs.
Discover Bank's money market accounts are available with a starting balance of only $2,500. Additionally, you can get free ATM withdrawals at Allpoint and MoneyPass ATMs. Since some online savings accounts don't offer ATM cards, this accessibility is a nice feature. You can also manage your account online or with Discover's mobile app. As of this writing, its yield has also consistently exceeded the national averages for money market accounts.Read the full article »