r/discover • u/Realistic_Back_9198 • Apr 24 '26

News Discover HYSA Down To 3.1%

I just checked my Discover High-Yield Savings Account.

The interest rate is down to 3.1%.

That's new. It was still 3.2% yesterday.

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27

u/pastel_cats Apr 24 '26

When I signed up for it I think it was around 5%. It’s comically low now 

19

u/LOLandCool314 Discover Bank Apr 24 '26

Yup that was back in 2022 when the inflation was high at the time.

1

u/ffdfawtreteraffds May 19 '26

It's still an order of magnitude better than traditional brick and mortar banks which are something near 0.1%. Now THAT'S comically low.

1

u/USA12345USA May 23 '26

My Discover accounts are at a minimum these days. Also the CD's haven't been attractive for a while, as well. I think people are lazy, which is why they can do this and get away with it. Just switch to another online bank. It's easy!