Capital One vs Discover Bank
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of Capital One vs. Discover Bank
As of 8/29/2025 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's App Store rating is 4.9, matching Discover Bank.
- Both banks offer a current APY of 3.50%.
Potential Drawbacks
- Capital One's Google Play rating is lower at 4.5 compared to Discover Bank's 4.3.
- Capital One has a direct deposit requirement for some accounts, which may limit access.
Discover Bank
Strengths
- Discover Bank has no branches, allowing for potentially lower overhead costs.
- Discover Bank's Google Play rating is 4.3, slightly lower than Capital One's.
- Both banks offer a current APY of 3.50%.
Potential Drawbacks
- Discover Bank has no physical branches, which may not suit all customers.
- Discover Bank's App Store rating is 4.9, matching Capital One.
Summary: Both Capital One and Discover Bank offer high-yield savings accounts with a competitive APY of 3.50%. Capital One provides the advantage of physical branches, while Discover Bank operates online-only. Both banks have similar App Store ratings, but Capital One's Google Play rating is higher. Notably, Capital One's direct deposit requirement may limit account access compared to Discover Bank's more flexible approach.
Compare Capital One's vs Discover Bank's Savings Accounts
| Capital One | Discover Bank | ||
|---|---|---|---|
| Product | 360 Performance Savings | vs | Online Savings Account |
| APY | 3.50% (as of 8/29/2025) | 3.50% (as of 8/29/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.9/5 | 4.9/5 | |
| Google Play Rating | 4.5/5 | 4.3/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 7 Months)
| Capital One | Discover Bank | ||
|---|---|---|---|
| Product | 360 Performance Savings | vs | Online Savings Account |
| Latest APY | 3.50 % | 3.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.0 | -4.3 | |
| Rate Changes / Mo | 0.41 | 0.41 | |
| Days Since Last Change | 65 | 65 | |
| High (-7 m) | 3.80 % | 3.75 % | |
| Low (-7 m) | 3.50 % | 3.50 % | |
| Draw-down from High | -7.9 % | -6.7 % | |
| Volatility (CV) | 0.025 | 0.026 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 220 days.
- Low (-7 m)
- Lowest APY in the last 220 days.
- Draw-down from High
- How far today sits below the 7-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: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewDiscover Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Capital One's total earnings would be the same as Discover Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Capital One's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Capital One vs Ally Bank | 3.50% | $0 |
| Capital One vs American Express | 3.50% | $0 |
| Capital One vs Axos Bank | 4.46% | $0 |
| Capital One vs Bank of America | 0.01% | $100 |
| Capital One vs Barclays | 4.10% | $0 |
| Capital One vs Chase Bank | 0.01% | $0 |
| Capital One vs Chime | 3.75% | $0 |
| Capital One vs CIT Bank | 4.00% | $100 |
| Capital One vs Fitness Bank | 4.85% | $100 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs Presidential Bank | 4.50% | $5,000 |
| Capital One vs SoFi Bank | 3.80% | $0 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs UFB Direct | 4.21% | $5000 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 2.51% | $25 |
Compare Discover Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Discover Bank vs Ally Bank | 3.50% | $0 |
| Discover Bank vs American Express | 3.50% | $0 |
| Discover Bank vs Axos Bank | 4.46% | $0 |
| Discover Bank vs Bank of America | 0.01% | $100 |
| Discover Bank vs Barclays | 4.10% | $0 |
| Discover Bank vs Chase Bank | 0.01% | $0 |
| Discover Bank vs Chime | 3.75% | $0 |
| Discover Bank vs CIT Bank | 4.00% | $100 |
| Discover Bank vs Fitness Bank | 4.85% | $100 |
| Discover Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Discover Bank vs Presidential Bank | 4.50% | $5,000 |
| Discover Bank vs SoFi Bank | 3.80% | $0 |
| Discover Bank vs Synchrony Bank | 3.80% | $0 |
| Discover Bank vs UFB Direct | 4.21% | $5000 |
| Discover Bank vs Varo Bank | 5.00% | $0 |
| Discover Bank vs Wells Fargo | 2.51% | $25 |