Read our Review of

Discover Bank Review 2026

Written by

Karen Bennett

Edited by

Yuliya Goldshteyn

Updated January 31, 2026

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .

On This Page

Discover is no longer accepting new customers

Discover was acquired by Capital One May 18, 2025. As of early 2026, the Discover website has stopped accepting new customer applications for any of its products, including its checking and savings accounts and certificates of deposit.

Compares other banks

Annual percentage yields (APYs) shown were updated between Aug. 11, 2026 and Aug. 17, 2026.

Selected bank Vio Bank savings account Member FDIC Bankrate score Rating: 4.8 stars out of 5 4.8 Bankrate Savings rating = 4.8/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable American Express National Bank savings account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Aug. 11, 2026 and Aug. 17, 2026.
3.99%	3.00%
Minimum balance for APY
$0.00	$0.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$1,995	$1,500

Vio Bank Online Savings account offers a great yield on your whole balance. And you won't give any of your interest back in monthly fees, either. Plus the minimum deposit to open is fairly low at $100.	American Express National Bank offers a competitive yield on its High Yield Savings Account. The account doesn’t require a minimum opening deposit. The account also doesn’t have a monthly service fee or minimum balance requirements to worry about.

No minimum deposit required to earn the competitive APY. No monthly fees. Customer service is available 7 days a week.	American Express features 24/7 customer support. The bank lets you make automatic deposits into your savings account.	N/A
$5 fee to receive paper statements. You cannot open this account with a trust.	Some online banks offer a higher yield.	N/A

APY offering: 3.99% 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum deposit for APY: $100.00 3/5 The minimum deposit amount a financial institution requires in order to open a savings account. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain to avoid a monthly fee. Access to funds: Great 5/5 Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account. Additional savings tools: Yes 5/5 Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.	APY offering: 3.00% 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum deposit for APY: $0.00 5/5 The minimum deposit amount a financial institution requires in order to open a savings account. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain to avoid a monthly fee. Access to funds: Great 5/5 Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account. Additional savings tools: No 0/5 Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The minimum deposit amount a financial institution requires in order to open a savings account. A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met. The lowest balance an account must maintain to avoid a monthly fee. Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account. Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features. Bankrate does not currently track additional product details for this bank.

Selected bank Quontic Bank money market account Member FDIC Bankrate score Rating: 4.8 stars out of 5 4.8 Bankrate Money Market rating = 4.8/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable EverBank money market account Member FDIC Bankrate score Rating: 0 stars out of 5 N/A Bankrate Money Market rating = 0.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Money Market rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Aug. 11, 2026 and Aug. 17, 2026.
3.80%	2.02%
Minimum balance for APY
$0.00	$0.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$1,900	$1,010

Quontic Bank’s money market account earns a top-notch yield. Customers can open the account — which doesn’t charge a monthly fee — with just $100. The account comes with a debit card and check-writing privileges.	The EverBank Performance® Money Market account earns a competitive yield on balances of $10,000 and greater. The account comes without monthly fees or minimum balance requirements.

Quontic’s money market account offers a very high yield. Just $100 is required to open an account. The account comes with a debit card and check-writing privileges.	Check-writing privileges and debit card. No monthly maintenance fees. No minimum balance requirements.	N/A
There’s a $5 dormant account fee.	High minimum balance to earn competitive APY.	N/A

Selected bank Capital One checking account Member FDIC Bankrate score Rating: 5 stars out of 5 5.0 Bankrate Checking rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.	Most comparable SoFi checking account Member FDIC Bankrate score Rating: 5 stars out of 5 5.0 Bankrate Checking rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Checking rating Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Aug. 11, 2026 and Aug. 17, 2026.
0.10%	0.50%
Minimum balance to open
$0.00	$0.00

Capital One 360 Checking is a strong account all around. It charges no monthly fees and has no minimum balance requirements. Customers can take advantage of features like early direct deposit, fee-free ATMs and the ability to deposit cash at certain retail locations like CVS and Walgreens. You’ll also earn a bit of interest here, though it’s not very much.	SoFi Checking and Savings lets you earn a competitive annual percentage yield (APY) and it gives you access to direct deposits up to two days early. The account also lets some customers overdraft by $50 or less without being charged a fee.

No overdraft or monthly fees. Large ATM network. Cash deposits available.	Competitive APY on checking. Early direct deposits. SoFi customers have access to Allpoint network ATMs. The SoFi checking and savings account doesn’t have fees, which includes overdraft fees.	N/A
Interest rate is low for an interest checking account.	You can’t just get a checking account or savings account — they come as a package deal and have to be opened together.	N/A

Review methodology

To determine a financial institutions' deposit Bankrate Score, Bankrate rates banks and credit unions on a scale of one (1) to five (5) stars — with five (5) the highest rating — based on a variety of factors relating to the bank or credit union's products and services. Banks and credit unions are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

When a bank has entered a consent decree, been assessed a penalty in a case brought by a federal regulator or in a certified, federal class-action lawsuit, or received a federal judgment for harming its banking customers within the past three years, we deduct one point for each penalty received from its total Bankrate Score, with a floor of zero (0) stars.

Read our full review methodology.

Discover Bank Review 2026

The Bankrate promise

Discover is no longer accepting new customers

Compares other banks

Review methodology

Up next