Opening an online savings account with discover bank is a mistake. I found out the hard way. They are a day or two slow in transferring money out. That hurt a little but one can live with that. There are several other minor things that are troublesome, including horrible customer service. One can live with some of these things, as long as my money is fine. The big issue came when i transferred everything out of the account on the 24th of the month. I was stunned when i didn’t get any interest for the month, 24 days in. They told me that i forfeited that when i transferred everything out. Awful. I never thought i'd say this but american express (http://personalsavings. Americanexpress. Com/) is much better. Money transfers on time, better rates, plus, they do not steal your interest money. I have learned from experience, i hope no one else suffers my fate.
I've had a Discover Card for over 25 years. Any merchant dispute I had was resolved by Discover in a timely manner. I've since been using Discover Banking. Again, my experiences on the phone and on-line have all been extremely positive. Although there are other banks currently offering CD rates a bit higher than those of Discover Bank, I would not change banks for a minimal 20 basis points. Service is just as important as the rate of return.
I would and have recommended Discover Card and Discover Bank to anyone who is looking for quality service and returns!
In no way will I recommend Discover Card to anyone at all!!!! My family had the card years ago and because of some very hard medical issues was not able to pay the bill. No fault of our own. That was years ago and now they have their cruel lawyers constantly taking us to court for money we cannot pay and have told them over and over and over again. Frozen account to where now we cannot even have a bank account. It is wrong to prey on the people who have had bad luck and just cannot pay. We are living on $45 a week now and still being called into court to answer questions that were just answered a few month ago. Never would I encourage anyone to get Discover Card