Discover HYSA no longer a popular choice?

Anonymous · ‎08-03-2019

APY reduced from 2.10 % to 2.05 and now it shows 2.00%. Looks like this bank is not a good choice anymore. Are you guys still using it?

I was thiking about popular direct which is offerring 2.55% with minimum $5k deposit.

Green456 · ‎08-03-2019

@Anonymous wrote:
APY reduced from 2.10 % to 2.05 and now it shows 2.00%. Looks like this bank is not a good choice anymore. Are you guys still using it?

I was thiking about popular direct which is offerring 2.55% with minimum $5k deposit.

I was reading a couple of reviews about Popupar Direct and while they may have higher rates, their customer service is substandard.
I actually was going over most of the high yield savings accounts listed on doctor of credit. A lot of banks have some kind of issues that turned me off.
So I decided to stick with the largest banks/credit union. I am currently with Alliant, but Discover and Ally are the other 2 banks I would consider.

KLEXH25 · ‎08-03-2019

I’ve also noticed the rate going down a bit but it still earns more than my Capital One 360 by double so I’m keeping it for now. I also really like the app and customer service, as well as no fees or minimums (or other silly rules or requirements) so no complaints here.

Anonymous · ‎08-07-2019

@Green456 wrote:
@Anonymous wrote:
APY reduced from 2.10 % to 2.05 and now it shows 2.00%. Looks like this bank is not a good choice anymore. Are you guys still using it?

I was thiking about popular direct which is offerring 2.55% with minimum $5k deposit.
I was reading a couple of reviews about Popupar Direct and while they may have higher rates, their customer service is substandard.
I actually was going over most of the high yield savings accounts listed on doctor of credit. A lot of banks have some kind of issues that turned me off.
So I decided to stick with the largest banks/credit union. I am currently with Alliant, but Discover and Ally are the other 2 banks I would consider.

Thanks. I've American Express HYSA as well and they are still at 2.10%. I am thinking of moving my 100% of money from Discover to Amex. Amex doesn't allow to add over seas beneficiaries(one without SSN) and that's the reason I didn't move my money into it. Otherwise, I liked Amex better than Discover.

They have external account limitations as well which is only 3 and very less as compared to Discover.

Anonymous · ‎08-07-2019

@KLEXH25 wrote:
I’ve also noticed the rate going down a bit but it still earns more than my Capital One 360 by double so I’m keeping it for now. I also really like the app and customer service, as well as no fees or minimums (or other silly rules or requirements) so no complaints here.

Thank you!

SkyCommander · ‎08-10-2019

I still use my Discover savings account for my vacation fund savings. Once a trip is over with I transfer out of it to my Discover checking and pay off credit cards with it.