Rate: Discover’s money market account has a 2.15% APY on balances below $100,000. If you have more to deposit, the rate is 2.20% APY.
Minimum balance and fee: The minimum opening deposit for a money market account is $2,500, but beyond the initial deposit, there is no requirement to maintain a minimum balance. There is also no monthly fee.
What you should know: This money market account has limited check-writing privileges.
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