Discover Increases Online Savings rate to 1.5%

[james.hendrickson]

Okay, so it looks like we are starting to see the banking industry increase interest rates.

Discover just increased the interest on their online savings from 1.40% to 1.50% APY.

Their CD rates went up as well. Their 12-month CD is sitting at 1.90% APY as of today.

You'd still need $10,000 or $20,000 to see any real benefits, but its nice to see at least some banks raising their rates.

[Gailete]

So how much did they raise their credit card interest rates for their 'good' borrowers?