NEA® Money Market Account
Get higher-than-average returns1 and easy access to your savings—by check, debit card or online—along with the safety of FDIC insurance.3
Savings, CD & Money Market Accounts
In partnership with
overview
Earn more and worry less with the NEA Online Savings Account through Discover Bank. No minimums—just an APY that’s consistently among the highest in the nation.
how it helps
With the NEA Online Savings Account through Discover, you’ll get a rate that’s consistently among the nation’s highest—5X the national savings average.1 That means every dollar you set aside for that dream vacation, kitchen upgrade, college tuition or retirement fund earns you even more.
No time to get to the bank? No problem! Take advantage of mobile check deposit, online account management and the easy-to-use Discover Mobile App. Monthly paper account statements are available, too. It’s your money; access it when you need it.3
Enjoy the safety of FDIC insurance, up to the maximum allowed by law.
How It Works
Open an account online
Open an account by phone
Get access for family members
Family members are eligible, but they must be registered with NEA Member Benefits first. For help, call our Member Advocacy Center at 1-800-637-4636.
Current Promotions
We’ve partnered with Discover because of their innovative banking programs and their support of educators and public education.
In addition to being a sponsor of the NEA Foundation’s Annual Salute to Excellence in Education Gala, they adopt schools in their local communities, award grants that bring financial education to high schools, and for over 15 years Discover has provided funds and volunteer teaching support to deliver financial education to K-8 classrooms nationwide.
Terms & Conditions
1. The APY for the NEA Online Savings Account as of is more than five times the national average APY for interest-bearing savings accounts with balances over $500 as reported by Informa Research Services, Inc. as of . Interest rate and APY are subject to change at any time. Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy cannot be guaranteed.
2. To qualify for the $20 bonus offer, the applicant must: (i) be an Eligible NEA Member (an individual who is an NEA member as of the account application date, or any of the following individuals who is related to and is registered by such an NEA member as of the account application date: parent, spouse, domestic partner, son, daughter, parent of the spouse/domestic partner), and (ii) open either an NEA CD or Money Market account through Discover Bank with an initial minimum deposit of $2,500. While the NEA Online Savings Account through Discover Bank does not require a minimum opening deposit, you must make an initial minimum deposit of $500 to receive the bonus. NEA affiliation subject to verification. Bonus limited to one per Eligible NEA Member, per product, per calendar year. IRA CDs are not eligible for this offer. Bonus will be awarded via account credit within 60 days following the end of the month in which the account is funded and will be reported on IRS Form 1099-INT. Account must be opened at time of account credit. Offer may be withdrawn or modified at any time without notice.
3. Federal law limits the number of certain types of withdrawals and transfers from an Online Savings Account to a combined total of six per calendar month. There is no limit on the number of withdrawals by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.
Deposit accounts offered by Discover Bank, Member FDIC.