Discover Online Savings Account
A long-established U.S. bank offering a no-fee online savings account.
APY
4.00%
Updated 1d agoEditor rating
4.1 / 5
Insurance
FDIC
Cert #5649
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APY history
0 snapshotsNo rate history yet — checking daily.
Editor's Verdict
Discover is solid but no longer at the top of the rate league. We still recommend it for savers who already have a Discover credit card and want everything in one place. Otherwise, SoFi or Marcus offer 40-60bps more for similar terms.
By HYSA Compare Editorial Team · APY verified on 2026-04-06T00:00:00.000Z
Pros
- + No fees of any kind
- + Established U.S. bank with long track record
- + Strong customer service ratings
Cons
- − APY trails the market leaders
- − No checking integration without separate account
What you'd earn at Discover Bank
Plug in your numbers. We'll show you how much interest you earn at today's rate.
Total contributed
$25,000
Interest earned
$3,711
Final balance
$28,711
Year-by-year breakdown
| Year | Contributed | Balance | Interest |
|---|---|---|---|
| 1 | $13,000 | $13,455 | $455 |
| 2 | $16,000 | $17,047 | $1,047 |
| 3 | $19,000 | $20,784 | $1,784 |
| 4 | $22,000 | $24,670 | $2,670 |
| 5 | $25,000 | $28,711 | $3,711 |
Assumes monthly compounding and a constant APY. Actual results vary as APYs change. Not financial advice.
Account details
- Institution type
- BANK
- Minimum opening deposit
- $0
- Min. balance to earn APY
- $0
- Monthly fee
- $0.00
- Compounding
- daily
- ATM access
- No
- Check writing
- No
- Mobile app
- Yes