Savings, CD & Money Market Accounts

NEA® Online Savings Account

Reach your savings goals faster with an account offering one of the nation’s highest rates

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In partnership with


Start earning 5X the national average rate1

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.

  • Open an account with no minimum deposit
  • Bank securely: FDIC insured through Discover Bank, up to the maximum allowed by law
  • NEA members can receive a $20 new account bonus2 with an initial deposit of $500 or more
  • Take advantage of free mobile check deposit and fast, no-fee online money transfers (except wire transfers)3
  • Save more with no monthly fees and no minimum monthly balance
  • Access 24/7, U.S.-based support, online or by phone, on your schedule

how it helps

The easiest way to meet your savings goals

Accelerated savings

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.

Account access anytime, anywhere

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

Peace of mind

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

How It Works

Kick-start your savings today

Open an account online

  1. Make sure you’re logged in to your NEA Member Benefits account. 
  2. Click “Open an Account” above to access the NEA Online Savings Account online application and other helpful information. From there, click “Open an Account.”
  3. Add to your new savings account by check, by transferring funds from an existing bank account or by setting up direct deposit.

Open an account by phone

  1. Make sure you’re logged in to your NEA Member Benefits account.
  2. Call the phone number above to apply, and make sure you 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 Bonus2 for members who open and fund a new NEA Online Savings Account with an initial minimum deposit of $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. 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.