Discover Bank vs Fvcbank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Discover Bank vs. FVCbank
As of September 5, 2025 Discover Bank offers an APY of 3.50% for its Online Savings Account, with a minimum balance of $0, compared to FVCbank's 4.35% APY for its Advantage Direct Savings account, with a minimum balance of $500.
FVCbank yields $85 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $350, while FVCbank pays $435 - an APY advantage for FVCbank.
Discover Bank
Strengths
- Discover Bank has a high App Store rating of 4.9.
- No minimum deposit or balance required for the Online Savings Account.
- Discover Bank charges no maintenance fees.
Potential Drawbacks
- The current APY is lower than FVCbank's at 3.50%.
- Discover Bank has no physical branches.
FVCbank
Strengths
- FVCbank offers a higher APY of 4.35%.
- No maintenance fees for the Advantage Direct Savings account.
Potential Drawbacks
- FVCbank has a lower App Store rating of 4.4.
- Requires a minimum deposit and balance of $500.
Summary: Discover Bank offers a competitive APY of 3.50% with no minimum deposit or balance, but lacks physical branches. In contrast, FVCbank provides a higher APY of 4.35% but requires a $500 minimum deposit and balance. Both banks have no maintenance fees, but Discover Bank excels in App Store ratings.
Compare Discover Bank's vs FVCbank's Savings Accounts
| Discover Bank | FVCbank | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Advantage Direct Savings |
| APY | 3.50% (as of 9/5/2025) | 4.35% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | N/A | |
| Minimum Deposit | $0 | $500 | |
| Minimum Balance for APY | $0 | $500 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.9/5 | 4.4/5 | |
| Google Play Rating | 4.3/5 | 3.4/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Discover Bank | FVCbank | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Advantage Direct Savings |
| Latest APY | 3.50 % | 4.35 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.2 | -4.6 | |
| Rate Changes / Mo | 0.35 | 0.71 | |
| Days Since Last Change | 71 | 42 | |
| High (-6 m) | 3.70 % | 4.55 % | |
| Low (-6 m) | 3.50 % | 4.35 % | |
| Draw-down from High | -5.4 % | -4.4 % | |
| Volatility (CV) | 0.021 | 0.019 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 170 days.
- Low (-6 m)
- Lowest APY in the last 170 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Discover Bank vs FVCbank
All calculations are based on APY.
Discover Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewFVCbank
APY: 4.35%
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Effective APY: 4.35% (based on your deposit and contributions)
Total balance: $20,662
Earnings: $2,662
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Discover Bank's total earnings would be $547.9 lower than FVCbank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Discover Bank's APY of 3.50% with other banks
Compare FVCbank's APY of 4.35% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| FVCbank vs Ally Bank | 3.50% | $0 |
| FVCbank vs American Express | 3.50% | $0 |
| FVCbank vs Axos Bank | 4.46% | $0 |
| FVCbank vs Bank of America | 0.01% | $100 |
| FVCbank vs Barclays | 4.10% | $0 |
| FVCbank vs BrioDirect | 4.30% | $5,000 |
| FVCbank vs Capital One | 3.50% | $0 |
| FVCbank vs Chase Bank | 0.01% | $0 |
| FVCbank vs Chime | 3.75% | $0 |
| FVCbank vs CIT Bank | 4.00% | $100 |
| FVCbank vs Elevault | 4.60% | $0 |
| FVCbank vs EverBank | 4.30% | $0 |
| FVCbank vs Fitness Bank | 4.75% | $100 |
| FVCbank vs GO2bank | 4.50% | $0 |
| FVCbank vs Marcus by Goldman Sachs | 3.65% | $0 |
| FVCbank vs Neighbors Bank | 4.60% | $0 |
| FVCbank vs Newtek Bank | 4.35% | $0 |
| FVCbank vs Peak Bank | 4.35% | $100 |
| FVCbank vs Pibank | 4.60% | $0 |
| FVCbank vs Presidential Bank | 4.50% | $5,000 |
| FVCbank vs Santander Bank | 0.03% | $25 |
| FVCbank vs SoFi Bank | 3.80% | $0 |
| FVCbank vs Synchrony Bank | 3.80% | $0 |
| FVCbank vs TIMBR | 4.40% | $1,000 |
| FVCbank vs UFB Direct | 4.21% | $5000 |
| FVCbank vs Varo Bank | 5.00% | $0 |
| FVCbank vs Wells Fargo | 2.51% | $25 |
| FVCbank vs Zynlo Bank | 4.35% | $10 |