Discover Bank vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
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
FNBO Direct
High-Yield Online Savings Account
3.00%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
FNBO Direct
High-Yield 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 Discover Bank vs. FNBO Direct
Why Discover Bank?
- ✓Higher potential APY (3.40% vs 3.00%) on all balances
- ✓Higher rated iOS app (4.9 vs 4.5)
Why FNBO Direct?
No distinct advantages found vs Discover Bank.
— Key Feature Differences —
Better Returns at $10,000
Discover BankDiscover Bank's Online Savings Account earns more on smaller deposits (approx. $340 vs $300/yr).
Better Returns at $25,000
Discover BankDiscover Bank's Online Savings Account pulls ahead with larger amounts (approx. $850 vs $750/yr).
Best for Simplicity
Discover BankDiscover Bank's Online Savings Account offers 3.40% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Discover BankDiscover Bank offers an iOS app rated 4.9 (vs. 4.5) and Android app rated 4.8 (vs. 4.8)
Shared Benefits
Over a 1-year period, Discover Bank's Online Savings Account pays $40 more interest on a $10,000 balance than FNBO Direct's High-Yield Online Savings Account.
Executive Summary
Discover Bank offers a competitive Online Savings Account with a leading APY of 3.40%, making it the winner in this comparison. This account has no minimum deposit or balance requirements, no maintenance fees, and does not require direct deposit, ensuring simplicity for users. In contrast, FNBO Direct's High-Yield Online Savings Account provides a slightly lower APY of 3.00%, also with no maintenance fees and a low minimum deposit of $1. Both accounts are online-only and FDIC insured, catering to customers looking for high-yield savings options.
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.
Stop Losing Interest
See who beats both Discover Bank and FNBO Direct.
| Feature | Discover Bank | FNBO Direct |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 3.00% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | Online Savings Account | High-Yield Online Savings Account |
| Minimum Deposit | $0 | $1 |
| Min. Balance for APY | $0 | $0.01 |
| 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 | iOS4.5 Android4.8 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Discover Bank earns $252.3 more than FNBO Direct.
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
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$1,798.20(9.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,798.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | FNBO Direct |
|---|---|---|
| Online Savings Account | High-Yield Online Savings Account | |
Current APY | 3.40% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.3 | -8.4 |
Days Since Change | 67 | 64 |
4-Month High | 3.50% | 3.25% |
4-Month Low | 3.40% | 3.00% |
Adjustments / Mo | 0.22 | 0.22 |
Volatility Score | 0.014 | 0.040 |
How to read these metrics(Click to expand)
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