Switching accounts from one bank to another requires careful attention and monitoring during the transition to avoid lost deposits and missed payments.
Interest earned by CDs is taxable, though tax payments may be delayed if they are held in some tax-advantaged retirement accounts. Learn the details of how this works.
Our saving vs. investing comparison explains expected returns, how they differ, their pros and cons, and which type of account you need to meet your goals.
Demand deposit accounts are a type of bank account where you can make withdrawals on demand. As a central part of most people’s finances, it’s important to understand how demand deposit accounts work.
Certificate of deposit (CD) earnings can be impressive, depending on the interest rate and term. Learn how CD investments work and how much you can earn from one.
Not only does Discover offer some of the very best credit cards, but Discover Bank pays high interest on savings accounts and a wide range of CD terms.