Discover Bank vs. E*TRADE from Morgan Stanley
Compare rates, requirements, and features side-by-side to find the best option for you.
Discover Bank
Online Savings Account
3.40%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Discover Bank
Online Savings Account
E*TRADE from Morgan Stanley
Premium Savings Account
3.75%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
E*TRADE from Morgan Stanley
Premium 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.
Discover Bank vs. E*TRADE from Morgan Stanley Savings Calculator
E*TRADE from Morgan Stanley earns $223.3 more than Discover Bank.
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
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Discover Bank vs. E*TRADE from Morgan Stanley
Why Discover Bank?
No distinct advantages found vs E*TRADE from Morgan Stanley.
Why E*TRADE from Morgan Stanley?
- ✓Higher potential APY (3.75% vs 3.40%) on all balances
— Key Feature Differences —
Better Returns at $10,000
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account earns more on smaller deposits (approx. $375 vs $340/yr).
Better Returns at $25,000
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account pulls ahead with larger amounts (approx. $938 vs $850/yr).
Best for Simplicity
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Discover BankDiscover Bank offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.7)
Shared Benefits
Over a 1-year period, E*TRADE from Morgan Stanley's Premium Savings Account pays $35 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.
Executive Summary
E*TRADE from Morgan Stanley offers a Premium Savings Account with a competitive APY of 3.75%, making it the winner compared to Discover Bank's Online Savings Account, which has an APY of 3.40%. Both accounts are online-only and have no minimum deposit or maintenance fees, providing accessible options for savers. Notably, E*TRADE's account excels in returns for various deposit amounts, while Discover Bank is recognized for its superior mobile app experience. Both accounts do not require direct deposit, enhancing their appeal for users seeking flexibility.
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.
Top Market Contenders
See who beats both Discover Bank and E*TRADE from Morgan Stanley.
| Feature | Discover Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 3.40% Verified: 12/10/2025 ↘︎ 0.10%90d Change | 3.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Online Savings Account | Premium Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0+ |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.7 Android4.7 |
| BBB Rating | A+ | D- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| Online Savings Account | Premium Savings Account | |
Current APY | 3.40% | 3.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -3.2 |
Days Since Change | 71 | 78 |
10-Month High | 3.75% | 4.00% |
10-Month Low | 3.40% | 3.75% |
Adjustments / Mo | 0.40 | 0.10 |
Volatility Score | 0.032 | 0.030 |
How to read these metrics(Click to expand)
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