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Discover Bank

Discover Online Savings

Rising
by Discover BankFDIC Insured
SW
SwitchWize Expert Verdict

Discover Online Savings — competitive APY with strong fundamentals.

Discover Online Savings by Discover Bank offers a 3.4% APY and consistently ranks among the top options in its category based on our daily rate monitoring.

Bottom line: Discover Online Savings is a solid choice. Compare it against our top-ranked alternatives to find your best match.
3.40%
APY
#3
Category rank
$0
Min. balance
3.40%
APY · Updated Apr 22
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FDIC insured up to $250,000
Low switching friction
Ranked #3 in High Yield Savings

Expert Analysis

Discover Online Savings by Discover Bank offers a 3.4% APY and consistently ranks among the top options in its category based on our daily rate monitoring.

SwitchWize Research

Best for

  • Savers looking for a competitive APY from a trusted institution

Not ideal for

  • Borrowers or savers who need the absolute top rate in the market