Capital One vs. Discover Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Capital One
360 Performance Savings
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Capital One
360 Performance Savings
Discover Bank
Online Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Discover Bank
Online Savings Account
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.
Comparison Analysis
Comparing Capital One vs. Discover Bank
Why Capital One?
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
Why Discover Bank?
- ✓Higher rated Android app (4.8 vs 4.5)
Shared Benefits
Executive Summary
Both Capital One and Discover Bank offer competitive savings accounts with an APY of 3.40%. Capital One's 360 Performance Savings account is available without a minimum deposit or balance requirement and compounds interest monthly. In contrast, Discover Bank's Online Savings Account is an online-only product that also has no minimum deposit or balance requirements but compounds interest daily. Given that their APYs are identical, customers may choose based on their preference for online banking or the compounding frequency.
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.
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See who beats both Capital One and Discover Bank.
| Feature | Capital One | Discover Bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change |
| Product Name | 360 Performance Savings | Online Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.5 | iOS4.9 Android4.8 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Both accounts earn exactly the same amount.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | Discover Bank |
|---|---|---|
| 360 Performance Savings | Online Savings Account | |
Current APY | 3.40% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -3.8 |
Days Since Change | 66 | 67 |
10-Month High | 3.80% | 3.75% |
10-Month Low | 3.40% | 3.40% |
Adjustments / Mo | 0.38 | 0.38 |
Volatility Score | 0.033 | 0.035 |
How to read these metrics(Click to expand)
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