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Can I withdraw interest from my Discover Online Savings Account every month and still receive the quoted APY?

April 26, 2017APY discover month online quoted savings account withdraw

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Can I withdraw interest from my Discover Online Savings 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.