Discover Bank vs. E*TRADE from Morgan Stanley
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Discover BankOnline Savings Account Jan 16, 2026 | E*TRADE from Morgan StanleyPremium Savings Account Feb 6, 2026 |
|---|---|---|
| APY | 3.30% | 3.35% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$168 $10,000+$335 $25,000+$838 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Discover Bank is part of Capital One and this account is not open to new customers. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Discover Bank vs. E*TRADE from Morgan Stanley
Executive Summary
E*TRADE from Morgan Stanley offers a Premium Savings Account with a competitive APY of 3.35%. This account is online-only, requires no minimum deposit, and has no maintenance fees, making it accessible for a wide range of customers. In contrast, Discover Bank currently does not offer any products. Therefore, E*TRADE is the clear choice for those seeking a high-yield savings option.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Discover Bank?
No distinct advantages found vs E*TRADE from Morgan Stanley.
Why E*TRADE from Morgan Stanley?
No distinct advantages found vs Discover Bank.
Shared Benefits
Over a 1-year period, E*TRADE from Morgan Stanley's Premium Savings Account pays $5 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Discover Bank vs. E*TRADE from Morgan Stanley Savings Calculator
You earn $5 more with E*TRADE from Morgan Stanley 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.
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
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$335.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,335.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $329 per year in interest.
Both Discover Bank and E*TRADE from Morgan Stanley dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Discover Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 3.30% Verified: 1/16/2026 ↘︎ 0.10%90d Change | 3.35% Verified: 2/6/2026 ↘︎ 0.40%90d Change |
| Product Name | Online Savings Account | Premium Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0+ |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. | Available Available for Premium Savings and Checking. |
| BBB Rating | A+ | D- |
| Important Notes | Discover Bank is part of Capital One and this account is not open to new customers. | - |
| Next Steps | Visit SiteVerify at Discover Bank Non-sponsored link to official site | Visit SiteVerify at E*TRADE from Morgan Stanley Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| Online Savings Account | Premium Savings Account | |
Current APY | 3.30% | 3.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -4.9 |
Days Since Change | 8 | -18 |
11-Month High | 3.75% | 4.00% |
11-Month Low | 3.30% | 3.35% |
Adjustments / Mo | 0.45 | 0.27 |
Volatility Score | 0.034 | 0.052 |
How to read these metrics(Click to expand)
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