At the time, Discover was offering an annual percentage yield of about 1.75% , as well as a sign-up bonus of $150. The promise of earning awith nearly zero added work was more than enough reason for me to switch from my "big bank" savings account that was offering a paltry 0.02% interest rate.high-yield savings accountsI liked Discover because of its strong customer service, its bare-bones online interface, and the fact that there were no fees and no account minimum.
While that is a large drop of over 1% from when I signed up, it's still much better than what most traditional banks will offer. Plus, there are a few other reasons I'm sticking with my Discover high-yield savings account in 2020 and beyond.is the right number of bank accounts to have open.One checking account to manage the ongoing flow of your finances, and a high-yield savings account to store your emergency fund.
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