Discover Bank review 2025: Straightforward banking with extremely few fees
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Discover Bank review 2025: Straightforward banking with extremely few fees
Two of the most valuable attributes you’ll find with a good bank are simplicity and transparency regarding fees. Discover Bank does this better than just about anyone. Pair those features with lucrative annual percentage rates (APY) and there’s a lot to love about banking with Discover.
Banking and credit card behemoth Capital One recently acquired Discover, but Discover maintains a separate slate of products as of this writing. It offers uncomplicated checking, savings, and certificates of deposit (CDs). And, it offers competitive yields for its savings account and CDs, as you’ll see below. But the perks of the bank’s simplicity come with some tradeoffs. Here’s what you need to know about Discover Bank.
All rates and fees are current as of Nov. 17, 2025 and are subject to change.
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The best savings account rates from our partners for December 12, 2025
Account Type Savings & MMAs
Savings & MMAs
MMAs Only
Savings Only
ZIP Code Deposit Amount $FEATURED OFFERSAPYMIN. BALANCE FOR APYEST. EARNINGSLoading...
3.40 %
December 12, 2025
$ 0$ 850
Over 1 Year
Savings AccountCapital OneMember FDICPromoted OfferOpen a 360 Performance Savings account and grow your money today.OPEN ACCOUNTOFFER DETAILS
QUICK LOOK Capital One Bank is among the 10 largest U.S. banks by assets. While it offers branches in seven Eastern and two Southern states, customers can access accounts online from just about anywhere. The bank offers high rates on its savings and CD accounts, and a free checking account that pays interest. There are no balance minimums or monthly fees, and you won’t need to worry about overdraft fees either.
READ BANK REVIEW
3.75 %
December 12, 2025
$ 100$ 938
Over 1 Year
Savings AccountCIT BankMember FDICPromoted Offer Earn up to $300 cash bonus with minimum deposit. Terms apply.OPEN ACCOUNTOFFER DETAILS
QUICK LOOK CIT Bank is an online institution that offers competitive annual percentage yields (APYs) on its Savings Connect savings account. It also offers a checking account, a money market account and CDs. CIT Bank offers a competitive yield with its Savings Connect account. It also offers an assortment of CDs to choose from. But some of these CDs, such as the one-year term, weren’t paying a competitive yield during Bankrate’s review.
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3.65 %
December 12, 2025
$ 0$ 912
Over 1 Year
Savings AccountMarcus by Goldman SachsMember FDICPromoted OfferBacked by the financial expertise of Goldman Sachs.OPEN ACCOUNTOFFER DETAILS
QUICK LOOK Marcus by Goldman Sachs is an online bank that rewards savers with higher-than-average rates and few fees. Plus, its accounts have low or no minimum deposit requirements. But while it’s easy to move your money in and out of your accounts via electronic transfer to another account you own, you won’t be able to deposit or withdraw cash.
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Discover Bank at a glance
Discover Bank
Checking account
Earn 1% back on eligible debit purchases
Savings account
3.40% APY
CDs
Up to 4.00% APY
View offer
at Discover Bank
Company insights
Year Founded: 1985
Company Headquarters: Riverwoods, IL
CEO: Michael Shepherd
Fortune Rankings
#185on the 2025 Fortune 500 list
#141on Fortune’s 2025 America’s Most Innovative Companies list
#16on Fortune’s 2024 Best Large Workplaces in Financial Services and Insurance
#97on Fortune’s 2024 Best Large Workplaces for Millennials list
#56on Fortune’s 2024 Best Companies to Work For list.
N/A
Pros
Generous APYs on savings and CDs
Cash back checking account
Minimal fees
Cons
Limited account options
Only one physical branch
No money market account
Who is Discover Bank good for?
Discover is famous for its lack of account fees. If you’re looking for a straightforward banking option that doesn’t nickel and dime you with monthly maintenance fees, insufficient funds fees, check reorder fees, etc., Discover is a great option.
It’s also a rewarding choice for those that prefer to use a debit card for purchases, as Discover’s checking account earns 1% back on all purchases.
Who shouldn’t use Discover Bank?
Discover Bank has one-size-fits-all banking products with one savings account and one checking account. If you’re seeking variety within your banking products, there are other financial institutions with more options.
Discover Bank is an online bank with just one physical branch located in Delaware. If you prefer to do your banking in-person, Discover won’t have what you need.
Discover Bank rates and products
Discover bank offers a free checking account with a debit card that earns up to 1% cash back, a savings account with a solid APY and no monthly fees, several CD options, and a free MMA with no maintenance fees.
Discover Bank product
APY
Checking account
Free with no balance or opening amount required
Savings account
3.40% APY
CDs
Up to 4.05% APY
Checking account
APY
Free with no balance or opening amount required
Savings account
APY
3.40% APY
CDs
APY
Up to 4.05% APY
Bank details checked Nov. 17, 2025.
Checking account
Discover’s Cashback Debit account offers 1% cash-back rewards on up to $3,000 in debit card purchases each month. The free checking account has no monthly maintenance fee or activity requirements and there’s no minimum balance requirement either.
In addition, account holders have access to more than 60,000 no-fee ATMs across the country. The account also comes with the option to get paid up to two days ahead of schedule when you establish direct deposit.
Discover Bank checking account features
Account rewards
1% cash back on up to $3,000 in monthly debit card purchases
Minimum opening deposit
$0
Monthly fees
$0
Monthly balance requirement
None
Debit card replacement fee
$0
Stop payment fee
$0
First order of checks
$0
Debit card daily purchase limit
$5,000
Daily ATM withdrawal limit
$510
Bank details checked Nov. 17, 2025.
SponsoredAdvertiser DisclosureAdvertiser DisclosureMany of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield). Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.Compare Personal Finance Options for 2021 Select all products of interest and compare:Product DescriptionsProduct DescriptionsChecking A transactional account that allows for numerous withdrawals and unlimited deposits. Money can be accessed via checks, ATMs, or debit card among other methods. Savings A bank account that keeps your money safe and secure, while paying you interest. MMA A Money Market Account is an interest-bearing deposit account at a bank or credit union that pays interest based on current rates in the money markets. CD A Certificate of Deposit features historically higher APYs, guaranteed returns & FDIC insurance. CDs are offered in fixed terms w/penalties for early withdrawals. 401K A 401k is a retirement-savings account that allows an employee to divert a portion of their salary into long-term investments and provides special tax benefits. Brokerage An investment account used by investors to buy and sell stocks, bonds, and mutual funds. Income from investments are taxed as capital gains. REIT A Real Estate Investment Trust owns and operates income-generating real estate. REITs allow investment in real estate without the need to own, operate, or finance properties. Robo Advisor A robo-advisor is an automated investing service that uses algorithms to provide financial advice and/or investment management help you manage your investment portfolio. Relatively inexpensive compared to a human financial advisor. Roth IRA An individual retirement account allows after-tax contributions of earned income below a certain level. Investment growth and future withdrawals are tax free. Traditional IRA An individual retirement account where you contribute pre-or after-tax dollars. Investment growth is tax-deferred until withdrawal. Financial Advisor Financial advisors help people manage their money and reach their financial goals. Annuity A financial contract with an insurance company where you make the investor makes a lump-sum payment or series of payments in exchange for regular disbursements in the future. Cash Management A cash account typically offered by nonbank financial institutions. CMAs combine features from traditional checking and savings accounts. Business Checking A business checking account is similar to a personal checking account, but allows you to separate your business and personal expenses. This can help you keep records organized and simplify your taxes. Checking AccountsSavings AccountsCertificates of DepositRetirement AccountsReal Estate InvestmentInvestment AccountsAnnuityVIEW AllBusiness CheckingVIEW LESSPlease select one or more products to compare1 ResultsProduct DescriptionsTop Pick
SoFi® : Checking and Savings AccountMember FDICDisclosureDisclosure1. Up to $300 Bonus Tiered: New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not receiveda cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults)and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time.These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. 2. APY: Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 1/24/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at http://www.sofi.com/legal/banking-rate-sheet.
3. Fee Policy: We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/. 4. FDIC Insurance: SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks. 5. ATM Access: We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time. 6. Early Access to Direct Deposit Funds: Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduledpayment date, but may vary. 7. Overdraft Coverage: Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at http://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website. 8. 0.70% Savings APY Boost: Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25)for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2 SoFi Bank, N.A. Member FDIC.VIEW DETAILS on SoFi®'s website Annual Percentage Yield 0.50% as of 12/12/2025Monthly Fees$0.00Min Deposit to Earn APY$0.00Member FDICDisclosureDisclosure1. Up to $300 Bonus Tiered: New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not receiveda cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults)and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time.These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. 2. APY: Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 1/24/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at http://www.sofi.com/legal/banking-rate-sheet.
3. Fee Policy: We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/. 4. FDIC Insurance: SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks. 5. ATM Access: We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time. 6. Early Access to Direct Deposit Funds: Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduledpayment date, but may vary. 7. Overdraft Coverage: Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at http://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website. 8. 0.70% Savings APY Boost: Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25)for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2 SoFi Bank, N.A. Member FDIC.VIEW DETAILS on SoFi®'s website Additional Features
Sign up and earn $50 or $300 with eligible direct deposit.
55,000+ fee-free ATMs within the Allpoint® Network.
Up to 2-day-early paycheck with direct deposit.
Earn 0.50% APY.
+0.70% Boost on Savings APY to up to 4.30% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.
Additional Features
Sign up and earn $50 or $300 with eligible direct deposit.
55,000+ fee-free ATMs within the Allpoint® Network.
Up to 2-day-early paycheck with direct deposit.
Earn 0.50% APY.
+0.70% Boost on Savings APY to up to 4.30% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.
Discover Bank has an interest-earning savings account with a 3.40% APY. The account is free with no maintenance fee or minimum deposit to open. That’s a solid return for a high-yield savings account.
Discover Bank savings account features
Minimum opening deposit
$0
Monthly fees
$0
APY
3.40%
Overdraft transfer
$0
Bank details checked Nov. 17, 2025.
Certificates of deposit
Discover Bank has a wide variety of CDs with yields up to 4.05% APY for select term lengths. Terms range from three months to 10 years. Uniquely, Discover doesn’t enforce a minimum deposit to open a CD. That’s quite a contrast from many banks that demand a minimum deposit of hundreds (or even thousands) of dollars to get the best rates.
While these are great benefits, Discover CD rates are slightly below some of the best CD rates on the market.
You’ll be subject to early withdrawal penalties if you touch your money before the account matures. Discover charges between three and 24 months simple interest, depending on the term length.
Discover Bank CD features
Minimum opening deposit
$0
Available term lengths
Three months to 10 years
APY range
2.00%-4.00%
Early withdrawal penalty
– Terms of less than 1 year: 3 months simple interest – Terms between 1 and < 4 years: 6 months simple interest – Terms between 4 and < 5 years: 9 months simple interest – Terms between 5 and < 7 years: 18 months simple interest – Terms between 7 and < 10 years: 24 months simple interest
Discover Bank CD Rates
Term length
APY
3-month CD
2.00%
6-month CD
3.50%
9-month CD
3.50%
12-month CD
4.05%
18-month CD
3.70%
24-month CD
3.50%
30-month CD
3.50%
3-year CD
3.50%
4-year CD
3.50%
5-year CD
3.50%
7-year CD
3.50%
10-year CD
3.50%
3-month CD
APY
2.00%
6-month CD
APY
3.50%
9-month CD
APY
3.50%
12-month CD
APY
4.05%
18-month CD
APY
3.70%
24-month CD
APY
3.50%
30-month CD
APY
3.50%
3-year CD
APY
3.50%
4-year CD
APY
3.50%
5-year CD
APY
3.50%
7-year CD
APY
3.50%
10-year CD
APY
3.50%
Bank details checked Nov. 17, 2025
ADVERTISEMENTAdvertiser DisclosurePrivacy policyPowered by
Best CD Rates for December 12, 2025
ZIP Code Deposit Amount $Min. Term Length 6 months
1 months
6 months
1 year
18 months
2 years
3 years
Max. Term Length 3 years
6 months
1 year
18 months
2 years
3 years
4 years
5 years
6 years
FEATURED OFFERSAPYTERMMIN. DEPOSITEST. EARNINGSLoading...
4.25 %
December 12, 2025
2yr$ 1000$ 1063
Over 1 Year
2 years cd AccountUnited Fidelity BankMember FDIC
QUICK LOOK
4.20 %
December 9, 2025
6mo$ 1000$ 1050
Over 1 Year
6 Mo CD cd AccountLimelightBankMember FDICOFFER DETAILS
QUICK LOOK Limelight Bank is the online division of Capital Community Bank. It offers competitive yields on CDs, but it doesn’t offer any other types of bank accounts.
READ BANK REVIEW
4.15 %
December 12, 2025
18mo$ 1000$ 1038
Over 1 Year
18 months cd AccountUnited Fidelity BankMember FDIC
QUICK LOOK
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Other services Discover Bank offers
Discover Bank also offers a variety of additional financial services:
Personal loans:Personal loans of up to $40,000 are available from Discover to cover a variety of needs, including home renovations, medical costs, and debt consolidation. Interest rates range from 7.99% to 24.99% as of this writing
Financial education:Discover Bank publishes a Modern Money blog, which provides education and guidance on everything from saving, budgeting, and family finances to retirement and banking 101.
The Discover Bank platform and customer support
Again, Discover is an online bank with extremely limited physical presence. But its platform is easy to use, and its customer support is available by phone or live chat 24/7. It even offers dedicated help for the speech impaired. If you prefer, Discover offers physical addresses to which you can send mail.
Discover also has a handy mobile app that receives a star rating of 4.9 in the App Store and 4.3 in the Google Play store. You can manage all your accounts, deposit checks, send money to friends and family, and more.
Is Discover Bank secure?
Discover Bank has federal insurance on deposits through the FDIC, up to $250,000 per depositor and account type. The bank also implements encryption technology for shared data online, and it offers a secure document upload portal for sending personal information.
Discover offers account alerts that can notify you of certain activities, such as a large withdrawal and changes to your login info. And Discover’s mobile app has several layers of security, including a touch ID log-in option and the ability to freeze your debit card at any time with the tap of a button.
Discover Bank user reviews
It’s worth noting that online rankings often trend negative, as most reviews are typically written by those with a poor experience.
Bearing that in mind, Discover receives an unimpressive 1.9 stars on Trustpilot, with some reviewers lamenting pain points like account closure without warning, difficulty withdrawing funds, and poor customer service. While these are likely anecdotal, they can help you to temper your expectations for a fully digital bank where you can’t hash out your problems in person.
Reddit reviews, on the other hand, are more positive. Users appreciate the lack of fees, rewards-earning checking account, and ability to receive a paycheck up to two days early.
Compare Discover Bank alternatives
As we noted earlier, Capital One now owns Discover, but the two brands still have a separate slate of product offerings.
Discover Bank
American Express
Capital One
Checking account APY
Checking account APY
Checking account APY
N/A
1.00%
0.10%
Savings account top APY
Savings account top APY
Savings account top APY
3.40%
3.50%
3.40%
Top CD APY
Top CD APY
Top CD APY
Up to 4.05%
Up to 4.00%
4.05%
Checking account monthly fee
Checking account monthly fee
Checking account monthly fee
$0
$0
$0
Learn more
Learn more
Learn more
View offer at Discover Bank
View offer at MoneyLion
View offer at MoneyLion
Bank details checked Nov. 17, 2025
Is Discover Bank right for you?
Despite being an online bank, Discover is a full-service bank. If you want to do all your banking in the same place, from checking and savings to personal loans to credit cards—all in a fee-free ecosystem—Discover can serve you.
That said, Discover only offers one type of each account. Those who want a selection of various savings accounts, CDs, etc. may not find what they need. Discover also notably doesn’t offer mortgages.
Discover is also right for those comfortable doing all banking online, as it’s only got one physical branch.
SponsoredAdvertiser DisclosureAdvertiser DisclosureMany of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield). Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.Compare Personal Finance Options for 2021 Select all products of interest and compare:Product DescriptionsProduct DescriptionsChecking A transactional account that allows for numerous withdrawals and unlimited deposits. Money can be accessed via checks, ATMs, or debit card among other methods. Savings A bank account that keeps your money safe and secure, while paying you interest. MMA A Money Market Account is an interest-bearing deposit account at a bank or credit union that pays interest based on current rates in the money markets. CD A Certificate of Deposit features historically higher APYs, guaranteed returns & FDIC insurance. CDs are offered in fixed terms w/penalties for early withdrawals. 401K A 401k is a retirement-savings account that allows an employee to divert a portion of their salary into long-term investments and provides special tax benefits. Brokerage An investment account used by investors to buy and sell stocks, bonds, and mutual funds. Income from investments are taxed as capital gains. REIT A Real Estate Investment Trust owns and operates income-generating real estate. REITs allow investment in real estate without the need to own, operate, or finance properties. Robo Advisor A robo-advisor is an automated investing service that uses algorithms to provide financial advice and/or investment management help you manage your investment portfolio. Relatively inexpensive compared to a human financial advisor. Roth IRA An individual retirement account allows after-tax contributions of earned income below a certain level. Investment growth and future withdrawals are tax free. Traditional IRA An individual retirement account where you contribute pre-or after-tax dollars. Investment growth is tax-deferred until withdrawal. Financial Advisor Financial advisors help people manage their money and reach their financial goals. Annuity A financial contract with an insurance company where you make the investor makes a lump-sum payment or series of payments in exchange for regular disbursements in the future. Cash Management A cash account typically offered by nonbank financial institutions. CMAs combine features from traditional checking and savings accounts. Business Checking A business checking account is similar to a personal checking account, but allows you to separate your business and personal expenses. This can help you keep records organized and simplify your taxes. Checking AccountsSavings AccountsCertificates of DepositRetirement AccountsReal Estate InvestmentInvestment AccountsAnnuityVIEW AllBusiness CheckingVIEW LESSPlease select one or more products to compare7 ResultsProduct Descriptions
Openbank : High Yield SavingsMember FDICDisclosureDisclosureOpenbank High Yield Savings is currently available to individuals who reside in the 50 states and the District of Columbia. *Interest Rates and Annual Percentage Yields (APYs) are accurate as of 12:01 am Eastern Time Dec 12th 2025. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. Rate for this product will be based on the residential zip code entered when account is opened within online application process. This is a variable-rate account and the rate applicable may change at our discretion any time without notice. A minimum deposit of $500 is required to open a Openbank High Yield Savings account. Personal accounts only. Openbank is a division of Santander Bank, N.A. Member FDIC. There is a maximum of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership. Visit FDIC.gov for details. Deposits at Santander Bank, N.A., and Openbank are combined for the purposes of calculating FDIC insurance limits (FDIC Cert #29950) and are not separately insured. VIEW DETAILS on Openbank's website Annual Percentage Yield 4.20% as of 12/12/2025Monthly Fee$0Min Deposit to Earn APY$500Member FDICDisclosureDisclosureOpenbank High Yield Savings is currently available to individuals who reside in the 50 states and the District of Columbia. *Interest Rates and Annual Percentage Yields (APYs) are accurate as of 12:01 am Eastern Time Dec 12th 2025. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. Rate for this product will be based on the residential zip code entered when account is opened within online application process. This is a variable-rate account and the rate applicable may change at our discretion any time without notice. A minimum deposit of $500 is required to open a Openbank High Yield Savings account. Personal accounts only. Openbank is a division of Santander Bank, N.A. Member FDIC. There is a maximum of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership. Visit FDIC.gov for details. Deposits at Santander Bank, N.A., and Openbank are combined for the purposes of calculating FDIC insurance limits (FDIC Cert #29950) and are not separately insured. VIEW DETAILS on Openbank's website Additional Features
Earn 10x the national savings averagefor Savings deposit products as published on FDIC.gov.
FDIC insured:Enjoy the peace of mind that comes with being FDIC insured up to $250,000.
No fees:Keep more of your money with no fees.
Industry leading account security:Trusted device verification with face or fingerprint for fast, secure access.
Additional Features
Earn 10x the national savings averagefor Savings deposit products as published on FDIC.gov.
FDIC insured:Enjoy the peace of mind that comes with being FDIC insured up to $250,000.
No fees:Keep more of your money with no fees.
Industry leading account security:Trusted device verification with face or fingerprint for fast, secure access.
Cash App : SavingsDisclosureDisclosure1Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See Terms and Conditions for more information. To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify. If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change. Round Ups provided by Cash App, a Block, Inc. brand. With a Cash App Card, your funds are eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Savings provided by Cash App, a Block, Inc. brand. VIEW DETAILS on Cash App's website Annual Percentage Yield Up to 3.25% as of 12/12/2025Monthly Fee$0Min to Earn APY$1DisclosureDisclosure1Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See Terms and Conditions for more information. To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify. If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change. Round Ups provided by Cash App, a Block, Inc. brand. With a Cash App Card, your funds are eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Savings provided by Cash App, a Block, Inc. brand. VIEW DETAILS on Cash App's website Additional Features
Unlock Cash App's highest savings interest offer of up to 3.25%1
Set goals and save automatically when you get paid or spend with your Cash App Card using Round Ups
No monthly fees or minimum balance
24/7 fraud monitoring and prevention
Additional Features
Unlock Cash App's highest savings interest offer of up to 3.25%1
Set goals and save automatically when you get paid or spend with your Cash App Card using Round Ups
No monthly fees or minimum balance
24/7 fraud monitoring and prevention
Jenius Bank : High Yield Savings AccountVIEW DETAILS on Jenius Bank's website Annual Percentage Yield 4.05% as of 12/12/2025Monthly Fees$0Min to Earn APY$0VIEW DETAILS on Jenius Bank's website Additional Features
FDIC insured deposits, no monthly fees, and no minimums. That’s Jenius
Earn 4.05% APY which can help you start living a richer life
24/7 support from actual humans
Additional Features
FDIC insured deposits, no monthly fees, and no minimums. That’s Jenius
Earn 4.05% APY which can help you start living a richer life
* The Annual Percentage Yield (APY) is accurate as of 12/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.
The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY.
Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:
Option 1
Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total.
The average daily balance of your Axos ONE Checking account is at least $1,500.
Option 2
Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total.
The average daily balance of your Axos ONE Checking account is at least $5,000.
If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:
The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.
The Axos ONE Savings account will earn a promotional rate of up to 4.31% APY for the statement cycle in which the requirements are met.
The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period.
A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
VIEW DETAILS on Axos ONE®'s website Annual Percentage Yield 4.31% as of 12/12/2025Monthly Fee$0.00Min to Earn APY$0.00FDIC InsuredDisclosureDisclosure
* The Annual Percentage Yield (APY) is accurate as of 12/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.
The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY.
Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:
Option 1
Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total.
The average daily balance of your Axos ONE Checking account is at least $1,500.
Option 2
Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total.
The average daily balance of your Axos ONE Checking account is at least $5,000.
If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:
The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.
The Axos ONE Savings account will earn a promotional rate of up to 4.31% APY for the statement cycle in which the requirements are met.
The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period.
A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
VIEW DETAILS on Axos ONE®'s website Additional Features
Celebrating 25 years of putting people first. Axos Bank continues to deliver financial services that evolve with you.
Earn up to 4.31% APY on savings, and 0.51% APY on checking when you meet requirements.
Get your money up to 2 days early. You’ve earned it, so start earning on it.
Earn more, with no hidden hoops or restrictive caps.
We’ve got you covered. Access expanded FDIC Insurance for up to $250 million.
Access a network of over 95,000 fee-free ATMs.
Additional Features
Celebrating 25 years of putting people first. Axos Bank continues to deliver financial services that evolve with you.
Earn up to 4.31% APY on savings, and 0.51% APY on checking when you meet requirements.
Get your money up to 2 days early. You’ve earned it, so start earning on it.
Earn more, with no hidden hoops or restrictive caps.
We’ve got you covered. Access expanded FDIC Insurance for up to $250 million.
Access a network of over 95,000 fee-free ATMs.
New Customer Offer
Barclays : Tiered Savings AccountMember FDICDisclosureDisclosure1Bonus Qualifications and Timeline: For new bank customers only (existing Savings and CD accounts holders not eligible)
Open a new Tiered Savings account
Deposit $30,000 or more within 30 days
Maintain at least $30,000 for the next 120 days
After the $30,000 balance is maintained for 120 consecutive days, the $200 bonus will be added directly to the account in approximately 60 days
Offer available until 12/31/2025VIEW DETAILS on Barclays's website Bonus$200Monthly Fee$0.00Min Deposit to Earn APY$0.00Member FDICDisclosureDisclosure1Bonus Qualifications and Timeline: For new bank customers only (existing Savings and CD accounts holders not eligible)
Open a new Tiered Savings account
Deposit $30,000 or more within 30 days
Maintain at least $30,000 for the next 120 days
After the $30,000 balance is maintained for 120 consecutive days, the $200 bonus will be added directly to the account in approximately 60 days
Offer available until 12/31/2025VIEW DETAILS on Barclays's website Additional Features
$200 Bonus with qualifying activities. Terms Apply1
Plus, earn 4.00% APY with a minimum balance of $250,000
Earn 7X the national average
No monthly maintenance fees
Secure and easy online account access
Additional Features
$200 Bonus with qualifying activities. Terms Apply1
Plus, earn 4.00% APY with a minimum balance of $250,000
Earn 7X the national average
No monthly maintenance fees
Secure and easy online account access
DCU : Primary Savings AccountNCUA InsuredDisclosureDisclosure1APY = Annual Percentage Yield. Earn 5.00% APY on balances up to and including $1,000.00. Balances over $1,000.00 earn a range of 5.00% - 0.05% APY. Requires a $5.00 minimum balance to open the account and remain on deposit to maintain membership status. Rates are variable and may change after the account is opened at any time at DCU’s discretion. Fees may reduce earnings on the account. One Primary Savings account per person, additional memberships receive one savings account. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges, for important information and disclosures. VIEW DETAILS on DCU's website Annual Percentage Yield 5.00%1as of 12/12/2025Min. Opening Deposit$5Min to Earn APY$0NCUA InsuredDisclosureDisclosure1APY = Annual Percentage Yield. Earn 5.00% APY on balances up to and including $1,000.00. Balances over $1,000.00 earn a range of 5.00% - 0.05% APY. Requires a $5.00 minimum balance to open the account and remain on deposit to maintain membership status. Rates are variable and may change after the account is opened at any time at DCU’s discretion. Fees may reduce earnings on the account. One Primary Savings account per person, additional memberships receive one savings account. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges, for important information and disclosures. VIEW DETAILS on DCU's website Additional Features
Earn 5.00% APY on balances up to and including $1,000. Balances over $1,000 earn a range of 5.00% - 0.05% APY1
No monthly fee
$5 minimum to open
Membership required
Additional Features
Earn 5.00% APY on balances up to and including $1,000. Balances over $1,000 earn a range of 5.00% - 0.05% APY1
No monthly fee
$5 minimum to open
Membership required
Quontic : Savings AccountMember FDICVIEW DETAILS on Quontic's website Annual Percentage Yield 3.75% as of 12/12/2025Monthly Fee$0.00Min to Earn APY$100Member FDICVIEW DETAILS on Quontic's website Additional Features
Earn 3.75% APY with a Quontic High Yield Savings Account
Interest is compounded daily and credited to your account every month
Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
Open an account online in just 3 minutes
Additional Features
Earn 3.75% APY with a Quontic High Yield Savings Account
Interest is compounded daily and credited to your account every month
Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
Discover is owned by Capital One, who bought the bank on May 18, 2025. There has yet to be any major change to Discover customers.
How do I deposit money into my Discover Bank account?
There are several ways to deposit money to Discover accounts, including making a mobile check deposit with the Discover banking app, completing an online transfer to your Discover account from an external account, or setting up direct deposit. You can also head to Walmart and load money to your account with the help of a cashier (minimum $20).
What is the Zelle limit for Discover?
The Zelle limit for Discover is $600 per day.
How long does a Discover Bank transfer take?
While transfers from one Discover deposit account to another are nearly instant, transfers to or from outside banks may take up to five business days.
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