Discover Bank Offers Consumer Savings Products Through New Affinity Partnership with Investor Group
24 Maggio 2010 - 2:08PM
Business Wire
Discover Bank is now offering its popular savings products to
members of the American Association of Individual Investors (AAII)
through a co-branded effort exclusively designed for the
organization.
AAII’s 150,000 members can use a dedicated Web site and
toll-free telephone numbers to invest in certificates of deposit,
money market accounts, online savings accounts and retirement
products such as IRA CDs and Roth IRAs. Discover Bank’s deposit
rates have consistently beat the national average, according to
Informa Research Services.
“Adding strong affinity partners helps drive Discover toward our
goal of being the leading direct bank in America,” said Discover
Bank President Christina Favilla. “Our products are a good match
for the AAII’s members who want to build wealth and manage their
assets conveniently and easily with the high standards of service
that they expect from their organization and its partners.”
“AAII is pleased to offer our members access to the deposit
products and preferred interest rates that the Discover Bank
program affords,” said John Markese, AAII's president and chief
executive officer.
Discover Bank is one of the leading direct banks in the country.
Direct-to-consumer deposits more than doubled in the past year,
exceeding $12.6 billion at the end of 2009. Savings products are
available to consumers at www.discoverbank.com. AAII members may go
to www.aaii.com or call 1-800-388-1302.
The independent, non-profit AAII was formed in 1978 to provide
education, information and research to help people manage their own
assets.
Discover also has an affinity relationship with AAA, which has
generated more than $1 billion in new deposits from its members in
the past two years.
About AAII
The American Association of Individual Investors is an
independent nonprofit corporation formed in 1978 for the purpose of
assisting individuals in becoming effective managers of their own
assets through programs of education, information and research. For
more information, visit www.aaii.com.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company operates the Discover card, America's cash rewards
pioneer, and offers personal and student loans, online savings
accounts, certificates of deposit and money market accounts through
its Discover Bank subsidiary. Its payment businesses consist of
Discover Network, with millions of merchant and cash access
locations; PULSE, one of the nation's leading ATM/debit networks;
and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. Visit
www.discoverfinancial.com.
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