Discover Bank vs. FVCbank
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
FVCbank
Advantage Direct Savings
3.85%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
FVCbank
Advantage Direct Savings
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. FVCbank
Why Discover Bank?
- ✓Higher rated iOS app (4.9 vs 4.4)
- ✓Higher rated Android app (4.8 vs 3.6)
Why FVCbank?
- ✓Higher potential APY (3.85% vs 3.40%) on all balances
— Key Feature Differences —
Better Returns at $10,000
FVCbankFVCbank's Advantage Direct Savings earns more on smaller deposits (approx. $385 vs $340/yr).
Better Returns at $25,000
FVCbankFVCbank's Advantage Direct Savings pulls ahead with larger amounts (approx. $963 vs $850/yr).
Best for Simplicity
FVCbankFVCbank's Advantage Direct Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Discover BankDiscover Bank offers an iOS app rated 4.9 (vs. 4.4) and Android app rated 4.8 (vs. 3.6)
Shared Benefits
Over a 1-year period, FVCbank's Advantage Direct Savings pays $45 more interest on a $10,000 balance than Discover Bank's Online Savings Account.
Executive Summary
FVCbank offers a competitive Advantage Direct Savings account with an APY of 3.85%, making it the clear winner over Discover Bank's Online Savings Account, which has an APY of 3.40%. Both accounts are online-only and have no maintenance fees, but FVCbank requires a minimum deposit and balance of $500. Notably, FVCbank's account provides better returns for both smaller and larger deposits, while Discover Bank is recognized for its superior mobile app experience. Overall, FVCbank's higher APY and straightforward terms make it a more attractive option for savers.
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 FVCbank.
| Feature | Discover Bank | FVCbank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 3.85% Verified: 12/6/2025 ↘︎ 0.50%90d Change |
| Product Name | Online Savings Account | Advantage Direct Savings |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $500 |
| 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 | iOS4.4 Android3.6 |
| BBB Rating | A+ | B- |
| Next Steps |
Savings Comparison
FVCbank earns $287.5 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
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$2,338.00(11.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,338.00
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 | FVCbank |
|---|---|---|
| Online Savings Account | Advantage Direct Savings | |
Current APY | 3.40% | 3.85% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -8.3 |
Days Since Change | 67 | 35 |
9-Month High | 3.70% | 4.55% |
9-Month Low | 3.40% | 3.85% |
Adjustments / Mo | 0.34 | 0.92 |
Volatility Score | 0.028 | 0.056 |
How to read these metrics(Click to expand)
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