Discover Bank vs. Quontic Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Discover BankOnline Savings Account Jan 7, 2026 | Quontic BankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.40% | 3.50% |
Est. Earnings | $5,000+$170 $10,000+$340 $25,000+$850 | $5,000+$175 $10,000+$350 $25,000+$875 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
| 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 4.21% APY.
Comparison Analysis
Comparing Discover Bank vs. Quontic Bank
As of Discover Bank offers an APY of 3.40% for its Online Savings Account, with a minimum balance of $0, compared to Quontic Bank's 3.50% APY for its High Yield Savings account, with a minimum balance of $0.
Quontic Bank pays $10 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $340, while Quontic Bank pays $350 - an APY advantage for Quontic Bank.
Why Discover Bank?
No distinct advantages found vs Quontic Bank.
Why Quontic Bank?
No distinct advantages found vs Discover Bank.
— Key Feature Differences —
Better Returns at $10,000
Quontic BankQuontic Bank's High Yield Savings earns more on smaller deposits (approx. $350 vs $340/yr).
Shared Benefits
Over a 1-year period, Quontic Bank's High Yield Savings pays $10 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 as of
Quontic Bank offers a High Yield Savings account with a competitive APY of 3.50%, making it the winner in this comparison. This account requires a minimum deposit of $100 but has no maintenance fees and compounds daily. In contrast, Discover Bank's Online Savings Account provides a slightly lower APY of 3.40% with no minimum deposit or balance requirements, also featuring daily compounding. Both accounts are online-only and do not require direct deposits. While Quontic Bank's product yields a marginally higher return, the rates are nearly identical for lower deposit amounts.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Discover Bank vs. Quontic Bank Savings Calculator
You earn $10 more with Quontic Bank than Discover Bank 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+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
Quontic Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Discover Bank | Quontic Bank |
|---|---|---|
| APY | 3.40% Verified: 1/7/2026 Stable (90d) | 3.50% Verified: 1/7/2026 ↘︎ 0.25%90d Change |
| Product Name | Online Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $100 |
| 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 | iOS4.8 Android4.9 |
| Zelle® Support | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. | Available Limit: $1,000/dayDigital-first bank with full native support. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Discover Bank Non-sponsored link to official site | Visit SiteGo to Quontic Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | Quontic Bank |
|---|---|---|
| Online Savings Account | High Yield Savings | |
Current APY | 3.40% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -1.6 |
Days Since Change | 99 | 8 |
11-Month High | 3.75% | 3.85% |
11-Month Low | 3.40% | 3.50% |
Adjustments / Mo | 0.34 | 0.17 |
Volatility Score | 0.036 | 0.019 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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