Capital One vs Discover Bank
High-Yield Savings Accounts Comparison

Last Updated: July 15, 2025

Summary of Capital One vs. Discover Bank

As of 7/15/2025 both Capital One (360 Performance Savings) and Discover Bank (Online Savings Account) offer an APY of 3.50% .

Both banks yield $350 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.

Capital One

Strengths

  • Capital One has over 200 branches across several states.
  • Capital One offers a 4.9 App Store rating.
  • Capital One's BBB rating is A+ and it is BBB Accredited.

Potential Drawbacks

  • Current APY of 3.5% decreased from 3.6% in the last 30 days.

Discover Bank

Strengths

  • Discover Bank offers a competitive APY of 3.5%.
  • Discover Bank has a 4.3 Google Play rating.

Potential Drawbacks

  • Discover Bank has no physical branches.
Summary: Both Capital One and Discover Bank offer a 3.5% APY on their high-yield savings accounts, but Capital One has physical branches while Discover Bank operates online only. Capital One's App Store rating is higher at 4.9 compared to Discover's 4.3 on Google Play. Both banks maintain an A+ BBB rating and are accredited, but Capital One's APY has decreased recently, while Discover's remains stable.

Compare Capital One's vs Discover Bank's Savings Accounts

Capital OneDiscover Bank
Product360 Performance SavingsvsOnline Savings Account
APY
3.50% (as of 7/15/2025)3.50% (as of 7/15/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyNoYes
Compound Frequency
MonthlyDaily
Minimum Deposit$0$0
Minimum Balance for APY$0$0
Maintenance Fee$0$0
Direct Deposit Required
NoNo
Visit Bank360 Performance SavingsOnline Savings Account
App Store Rating4.9/54.9/5
Google Play Rating4.5/54.3/5
BBB RatingA+A+

Comparative Historical APY Insights (Last 6 Months)

Capital OneDiscover Bank
Product360 Performance SavingsvsOnline Savings Account
Latest APY3.50 %3.50 %
TrendSidewaysSideways
Slope (bps/mo)-4.4-4.5
Rate Changes / Mo0.510.51
Days Since Last Change1919
High (-6 m)3.80 %3.75 %
Low (-6 m)3.50 %3.50 %
Draw-down from High-7.9 %-6.7 %
Volatility (CV)0.0220.022
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 6 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-6 m)
Highest APY in the last 175 days.
Low (-6 m)
Lowest APY in the last 175 days.
Draw-down from High
How far today sits below the 6-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

Calculate Savings Growth for Capital One vs Discover Bank

All calculations are based on APY.

Capital One

APY: 3.50%

Total savings breakdown:

  • Interest earned: $35 (3.38%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.62%)

Your total balance

$1,035.00

Effective APY: 3.50% (based on your deposit and contributions)

Total balance: $1,035

Earnings: $35

Bank Details

Discover Bank

APY: 3.50%

Total savings breakdown:

  • Interest earned: $35 (3.38%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.62%)

Your total balance

$1,035.00

Effective APY: 3.50% (based on your deposit and contributions)

Total balance: $1,035

Earnings: $35

Bank Details

After 1 year Capital One would earn you the same as Discover Bank.

More Comparisons

Compare Capital One's APY of 3.50% with other banks
Compare Discover Bank's APY of 3.50% with other banks