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Discover Card saving/CD safe?
Old 08-02-2010, 03:36 PM   #1
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Discover Card saving/CD safe?

I did a search and found some people with bad experiences using Discover card savings and CD's, trouble getting money out, visibility on web, etc. Anyone here have recent experience good or bad?
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Old 08-02-2010, 07:16 PM   #2
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It seems like all of the on-line banks get bad reviews, with similar sounding problems. I've had good experiences with both Ally and Capital One Direct.

But then again, I haven't tried to pull a lot of money out of either yet.
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Old 08-02-2010, 07:39 PM   #3
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I have had accounts at Discover Bank. Seems fine to me.

Ha
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Old 08-02-2010, 07:59 PM   #4
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My only issue with Discover was I could not transfer money online to/from my checking account. I had to use checks. This was back in 2008, though, so it may have changed since then.
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Old 08-02-2010, 08:17 PM   #5
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I've used Ally Bank as my money market account since they took over GMAC. Never had a problem. I transfer money from Ally to my bank in two days. FYI, when I transferred money from my local Bank of America into Ally Bank, it took three days and they chargd me a fee. I talked to Ally and they told me how to get around the fee. What I do now is have Ally request the funds from Bank of America. Still takes three days but no fee.
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Old 08-03-2010, 12:28 PM   #6
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Quote:
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I have had accounts at Discover Bank. Seems fine to me.

Ha
CDs only for me but I echo haha's comment.
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Old 08-04-2010, 05:28 PM   #7
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Quote:
Originally Posted by JOHNNIE36 View Post
I've used Ally Bank as my money market account since they took over GMAC. Never had a problem. I transfer money from Ally to my bank in two days. FYI, when I transferred money from my local Bank of America into Ally Bank, it took three days and they chargd me a fee. I talked to Ally and they told me how to get around the fee. What I do now is have Ally request the funds from Bank of America. Still takes three days but no fee.
Yeah, I have the same issue with my main bank. Seems a lot of banks are happy to transfer money IN....but not so happy to transfer it OUT.
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Old 08-05-2010, 01:36 AM   #8
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I've had good experience with Discover Bank. I opened several long-term CD's with them about 10 years ago - got one CD with a 10-year fixed rate of 7.1%! (Wouldn't you love to have that now?) Still have a couple of long-term CD's, MM, and savings accounts with them. I have the savings account linked to my credit union checking account as well as Vanguard GNMA. Haven't had any problems getting money out, just seems to take longer (3-5 days) than it should. I've recently setup automatic monthly withdrawals with no problems. No fees if not over six withdrawals per month.
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