Discover Bank vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Discover BankOnline Savings Account Jan 16, 2026 | FNBO DirectHigh-Yield Online Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 3.00% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min Deposit | $0 | $1 |
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® Supported | FDIC InsuredLow 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 Discover Bank vs. FNBO Direct
As of Discover Bank offers an APY of 3.30% for its Online Savings Account, with a minimum balance of $0, compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
Discover Bank pays $30 more than FNBO Direct on a $10,000 balance after one year. Discover Bank pays $330, while FNBO Direct pays $300 - an APY advantage for Discover Bank.
Why Discover Bank?
- ✓Higher potential APY (3.30% 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. $330 vs $300/yr).
Better Returns at $25,000
Discover BankDiscover Bank's Online Savings Account pulls ahead with larger amounts (approx. $825 vs $750/yr).
Best for Simplicity
Discover BankDiscover Bank's Online Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Discover Bank's Online Savings Account pays $30 more interest on a $10,000 balance than FNBO Direct's High-Yield Online Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Discover Bank offers a competitive Online Savings Account with an APY of 3.30%, which is higher than FNBO Direct's High-Yield Online Savings Account, which has an APY of 3.00%. Both accounts have no maintenance fees and do not require direct deposit, making them accessible options for savers. However, it's important to note that Discover Bank's account is currently not open to new customers. In contrast, FNBO Direct is available for new customers with a minimum deposit of $1. Overall, Discover Bank's account stands out for its higher yield.
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
Discover Bank vs. FNBO Direct Savings Calculator
You earn $30 more with Discover Bank than FNBO Direct 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
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Discover Bank | FNBO Direct |
|---|---|---|
| APY | 3.30% Verified: 1/16/2026 ↘︎ 0.10%90d Change | 3.00% Verified: 1/21/2026 Stable (90d) |
| 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 |
| Zelle® Support | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. | Available Online division fully supports Zelle. |
| BBB Rating | A+ | A+ |
| 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 FNBO Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | FNBO Direct |
|---|---|---|
| Online Savings Account | High-Yield Online Savings Account | |
Current APY | 3.30% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.9 | -5.7 |
Days Since Change | 13 | 110 |
6-Month High | 3.50% | 3.25% |
6-Month Low | 3.30% | 3.00% |
Adjustments / Mo | 0.33 | 0.17 |
Volatility Score | 0.016 | 0.038 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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