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Discover Bank Review 2026

Written by

Karen Bennett

Edited by

Yuliya Goldshteyn

Updated January 31, 2026

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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 Feb. 25, 2026 and March 3, 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 Feb. 25, 2026 and March 3, 2026.
4.03%	3.30%
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.
$2,015	$1,650

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

Bankrate does not currently track additional product details for this bank.	APY offering: 3.30% 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 balance for APY: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Good 4/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. A procedure that allows an individual or organization to access and manage the funds of another account holder. Bankrate does not currently track additional product details for this bank.

Selected bank Quontic Bank money market account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Money Market 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.	Most comparable EverBank money market account Member FDIC Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate Money Market rating = 4.5/5 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 Feb. 25, 2026 and March 3, 2026.
4.00%	3.80%
Minimum balance for APY
$0.00	$10,000.00
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.
$2,000	$1,900

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: 4.9 stars out of 5 4.9 Bankrate Checking rating = 4.9/5 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 Feb. 25, 2026 and March 3, 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

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Discover Bank Review 2026

The Bankrate promise

Discover is no longer accepting new customers

Compares other banks

Review methodology

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