Savings, CD & Money Market Accounts

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

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In partnership with


Earn more on your savings

Earn a higher-than-average APY1 while keeping your savings accessible by check, debit card or online.2 The NEA Money Market Account can help you get a jump-start on saving toward a down payment on a home, college expenses, your dream vacation and more.

  • NEA members can receive a $20 new account bonus3
  • Open with a $2,500 minimum balance
  • Bank securely: You’re FDIC insured up to the maximum allowed by law through Discover Bank
  • Access 24/7, U.S.-based customer service support on your schedule
  • Save time with mobile check deposit and bill pay
  • Get no-fee withdrawals at more than 60,000 ATMs nationwide

how it helps

A savings account that fits your needs

High-earning savings

The NEA Money Market Account from Discover has rates that consistently exceed the national average so you can reach your savings goals more quickly.1

Flexible and accessible

Set up direct deposit, schedule a recurring transfer from an external account, or deposit by check including the option to use mobile check deposit on the Discover mobile app. Make saving an automatic part of your monthly financial routine and you’ll be on the path toward your big savings goals in no time.2

Safe and secure

Enjoy the safety of FDIC insurance, up to the maximum allowed by law.

How It Works

Get started with an NEA Money Market Account today

Apply online

  1. Make sure you’re logged in to your NEA Member Benefits account.
  2. Click “Open an Account” above to access the online application and other helpful information.
  3. A new secure page will open. Click “Open an Account.”
  4. Complete your application and add to your new savings account by check or by transferring funds from an existing bank account, or by setting up direct deposit.

Apply by phone

  1. Make sure you’re logged in to your NEA Member Benefits account.
  2. Call the phone number above to apply by phone. Be sure to mention you’re an NEA member.

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

Get a Bonus for Saving

$20 Bonus3 for members who open and fund a new NEA Money Market Account with an initial minimum deposit of $2,500 or more.
Transparent Discover Card Logo - NEA Member Benefits Partner

Discover Bank helps educators and supports schools nationwide.

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.


Learn more about how we select our partners

More ways to save

Terms & Conditions

1. National Savings Average APY is based on specified product types of top 50 U.S. banks (ranked by total deposits) provided by Informa Research Services, Inc. as of 7/18/2018.

2. Federal law limits the number of certain types of withdrawals and transfers from a Money Market Account to a combined total of six per calendar month. There is no limit on the number of withdrawals by ATM or 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.

3. 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.

4. Annual Percentage Yield (APY) is accurate as of 7/18/2018 for Money Market account balances under $100,000 and balances $100,000 and over. Each APY is subject to change daily without notice. Applies to personal accounts only. Minimum opening deposit is $2,500.

Deposit accounts offered by Discover Bank, Member FDIC.