Discover Bank vs. TIMBR
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
TIMBR
Premium Savings Account
4.40%APYDec 6, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
TIMBR
Premium Savings Account
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
Why Discover Bank?
- ✓Higher rated iOS app (4.9 vs 0.0)
- ✓Higher rated Android app (4.8 vs 0.0)
Why TIMBR?
- ✓Higher potential APY (4.40% vs 3.40%) on all balances
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $440 vs $340/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $850/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% 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 $100 more interest on a $10,000 balance than Discover Bank's Online Savings Account.
Executive Summary
TIMBR offers a Premium Savings Account with a competitive APY of 4.40%, making it the clear winner in this comparison. This account requires a minimum deposit of $1,000 but has no maintenance fees or direct deposit requirements, providing simplicity for users. In contrast, Discover Bank's Online Savings Account yields a lower APY of 3.40% and is also online-only with no minimum deposit or maintenance fees. While Discover Bank excels in mobile app experience, TIMBR stands out with better returns, especially at higher deposit amounts.
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 TIMBR.
| Feature | Discover Bank | TIMBR |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.40% Verified: 12/6/2025 Stable (90d) |
| 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- |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
TIMBR earns $644.2 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,694.70(13.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,694.70
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 | TIMBR |
|---|---|---|
| Online Savings Account | Premium Savings Account | |
Current APY | 3.40% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -1.3 |
Days Since Change | 67 | 236 |
10-Month High | 3.75% | 4.55% |
10-Month Low | 3.40% | 4.40% |
Adjustments / Mo | 0.41 | 0.10 |
Volatility Score | 0.032 | 0.013 |
How to read these metrics(Click to expand)
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