Discover Bank vs. TIMBR
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Discover BankOnline Savings Account Jan 16, 2026 | TIMBRPremium Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 4.15% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $0 | $1,000 |
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 Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Discover Bank vs. TIMBR
As of Discover Bank offers an APY of 3.30% for its Online Savings Account, with a minimum balance of $0, compared to TIMBR's 4.15% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR pays $85 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $330, while TIMBR pays $415 - an APY advantage for TIMBR.
Why Discover Bank?
- ✓Higher rated iOS app (4.9 vs 0.0)
- ✓Higher rated Android app (4.8 vs 0.0)
- ✓Fast transfers via Zelle® (up to $600 a day)
Why TIMBR?
- ✓Higher potential APY (4.15% vs 3.30%) on all balances
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $415 vs $330/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1038 vs $825/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.15% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Discover BankDiscover Bank offers an iOS app rated 4.9 (vs. 0.0) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $85 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
TIMBR offers a Premium Savings Account with a competitive APY of 4.15%, making it the clear winner over Discover Bank's Online Savings Account, which has an APY of 3.30%. Both accounts are online-only and have no maintenance fees, with Discover requiring no minimum deposit while TIMBR requires $1,000. Notably, TIMBR's account provides better returns at various deposit levels, emphasizing simplicity with no direct deposit requirement. In contrast, Discover Bank is currently not accepting new customers for its savings account. Both banks are FDIC insured.
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
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Discover Bank vs. TIMBR Savings Calculator
You earn $85 more with TIMBR 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+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Discover Bank | TIMBR |
|---|---|---|
| APY | 3.30% Verified: 1/16/2026 ↘︎ 0.10%90d Change | 4.15% Verified: 1/21/2026 ↘︎ 0.25%90d Change |
| Product Name | Online Savings Account | Premium Savings Account |
| Minimum Deposit | $0 | $1,000 |
| 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 | iOS- Android- |
| Zelle® Support | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. | Not Supported |
| 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 TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | TIMBR |
|---|---|---|
| Online Savings Account | Premium Savings Account | |
Current APY | 3.30% | 4.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -1.6 |
Days Since Change | 13 | 13 |
11-Month High | 3.75% | 4.55% |
11-Month Low | 3.30% | 4.15% |
Adjustments / Mo | 0.45 | 0.18 |
Volatility Score | 0.034 | 0.018 |
How to read these metrics(Click to expand)
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