Barclays vs. Discover Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Barclays
Tiered Savings
Up to4.00%APYDec 17, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
Discover Bank
Online Savings Account
3.40%APYDec 17, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Discover Bank
Online Savings Account
Comparison Analysis
Comparing Barclays vs. Discover Bank
As of Barclays offers an APY of 4.00% for its Tiered Savings account, with a minimum balance of $250,000, compared to Discover Bank's 3.40% APY for its Online Savings Account, with a minimum balance of $0.
Barclays pays $45 more than Discover Bank on a $10,000 balance after one year. Barclays pays $385 (with an effective APY of 3.85%), while Discover Bank pays $340 - an APY advantage for Barclays.
In addition, Barclays also offers 3.60% APY for the Online Savings account, with a minimum balance of Enough to earn $0.01 in interest.
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 3.40%) on all balances
- ✓Offers 2 different high-yield savings options
Why Discover Bank?
No distinct advantages found vs Barclays.
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $385 vs $340/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $963 vs $850/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.60% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $45 more interest on a $10,000 balance than Discover Bank's Online Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Barclays offers a competitive Tiered Savings account with an APY of 4.00% for balances over $250,000, making it the highest-yielding option compared to Discover Bank's Online Savings Account, which has an APY of 3.40%. For lower balances, Barclays's Tiered Savings drops to 3.85%, while its Online Savings account provides a simpler option at 3.60% APY with no minimum balance requirements. Both banks feature online-only accounts with no maintenance fees or direct deposit requirements, catering to a wide range of savers.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Barclays vs. Discover Bank Savings Calculator
You earn $45 more with Barclays than Discover Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Top Market Contenders
See who beats both Barclays and Discover Bank.
| Feature | Barclays | Discover Bank |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 12/17/2025 ↘︎ 0.10%90d Change | 3.40% Verified: 12/17/2025 ↘︎ 0.10%90d Change |
| Product Name | Tiered Savings | Online Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.7 | iOS4.9 Android4.8 |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Discover Bank | |
|---|---|---|---|
| Online Savings | Tiered Savings | Online Savings Account | |
Current APY | 3.60% | 4.00% | 3.40% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.7 | -4.3 | -3.7 |
Days Since Change | 22 | 29 | 79 |
11-Month High | 4.00% | 4.50% | 3.75% |
11-Month Low | 3.60% | 4.00% | 3.40% |
Adjustments / Mo | 0.55 | 0.64 | 0.36 |
Volatility Score | 0.026 | 0.037 | 0.035 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Barclays vs...
Comparing against Standard Savings
Compare Discover Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.