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Can I withdraw interest from my Discover Bank Money Market Account every month and still receive the quoted APY?

April 26, 2017account APY Bank discover Money Market month quoted withdraw

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Can I withdraw interest from my Discover Bank Money Market Account every month and still receive the quoted APY?

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No. APY takes into account the effect of compounding; therefore, in order to receive the quoted APY, funds must remain on deposit for a full 365-day year.