Capital One vs. Discover Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Capital One360 Performance Savings Jan 13, 2026 | Discover BankOnline Savings Account Jan 13, 2026 |
|---|---|---|
| APY | 3.30% | 3.30% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Capital One vs. Discover Bank
As of both Capital One (360 Performance Savings) and Discover Bank (Online Savings Account) offer an APY of 3.30% .
Both banks yield $330 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.
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?
No distinct advantages found vs Capital One.
Shared Benefits
Executive Summary as of
Both Capital One and Discover Bank offer competitive savings accounts with an APY of 3.30%. Capital One's 360 Performance Savings account does not require direct deposit and has no minimum deposit or maintenance fees, while also providing monthly compounding. In contrast, Discover Bank's Online Savings Account is online-only and features daily compounding, with similar terms regarding minimum deposit and fees. Given the nearly identical APYs, both options are strong contenders for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Capital One vs. Discover Bank Savings Calculator
Both accounts earn exactly the same amount.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Capital One | Discover Bank |
|---|---|---|
| APY | 3.30% Verified: 1/13/2026 ↘︎ 0.10%90d Change | 3.30% Verified: 1/13/2026 ↘︎ 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 |
| Zelle® Support | Available Limit: $2,500/dayAvailable for 360 Checking accounts. | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Capital One Non-sponsored link to official site | Visit SiteVerify at Discover Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | Discover Bank |
|---|---|---|
| 360 Performance Savings | Online Savings Account | |
Current APY | 3.30% | 3.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | -3.5 |
Days Since Change | 5 | 5 |
12-Month High | 3.80% | 3.75% |
12-Month Low | 3.30% | 3.30% |
Adjustments / Mo | 0.42 | 0.42 |
Volatility Score | 0.035 | 0.037 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Capital One vs...
Comparing against Standard Savings
Compare Discover Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.