For more information on FDIC deposit insurance (including information on deposit ownership categories), or for help calculating your coverage, visit EDIE.FDIC.gov or call the FDIC at 1-877-275-3342 (1-877-ASKFDIC).
Non-APY comparison conducted by an independent research firm and based on data compiled in June 2025 from company websites, customer service agents, and consumer savings account offers. In some cases, competitors assess and/or waive fees if certain criteria are met.
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Discover Online Savings Account |
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Chase® Chase SavingsSM |
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PNC Bank® Standard Savings |
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Bank of America® Advantage Savings |
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Ally Bank® Online Savings Account |
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Citibank® Citi® Savings |
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Wells Fargo® Way2Save® Savings |
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Marcus® Online Savings Account |
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Annual percentage yield Some banks may offer relationship or promotional rates with higher APY rates when all requirements are met. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
X.XX%
Competitor APY comparison information obtained from Curinos, as of XX/XX/XXXX, using savings account APYs. Competitor APYs are subject to change at any time. JPMorgan Chase Bank, N.A., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., The PNC Financial Services Group, Inc., U.S. Bank N.A., Ally Financial Inc., and Goldman Sachs & Co. LLC own their own respective trademarks, which may be registered in the United States and/or internationally. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. |
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Interest compounded/paid |
Daily/Monthly | Monthly/Monthly | Monthly/Monthly | Monthly/Monthly | Daily/Statement Period | Daily/Monthly | Daily/Monthly | Daily/Quarterly | Daily/Statement Period |
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Monthly fee In some cases, competitors may assess or waive fees if certain conditions are met. |
$0 | $5 | $5 | $8 | $0 | $4.50 | $5 | $5 | $0 |
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Insufficient funds fee Some competitors have minimum thresholds before insufficient funds fees are applied and may have a cap on the number of insufficient funds fees charged in a timeframe. |
$0 | $34 | $36 | $0 | $0 | $0 | $35 | $36 | $0 |
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Minimum opening deposit |
$0 | $0 | $0 | $100 | $0 | $0 | $25 | $25 | $0 |
This calculator and the values shown are intended for illustrative and informational purposes only and may not apply to your individual circumstances. This calculator uses an Annual Percentage Yield (APY) that is rounded to the nearest one-hundredth of one percentage point, e.g., .01%. However, actual interest earned calculations use an APY that is rounded to the nearest one-thousandth of one percentage point, e.g., .011%. As a result, the estimated interest earned value shown here may vary from the actual interest earned on your account. Calculation assumes principal and interest remain on deposit and interest rate and APY do not change.
Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.
adds up with our high-yield Online Savings Account calculator.This calculator and the values shown are intended for illustrative and informational purposes only and may not apply to your individual circumstances. This calculator uses an Annual Percentage Yield (APY) that is rounded to the nearest one-hundredth of one percentage point, e.g., .01%. However, actual interest earned calculations use an APY that is rounded to the nearest one-thousandth of one percentage point, e.g., .011%. As a result, the estimated interest earned value shown here may vary from the actual interest earned on your account. Calculation assumes principal and interest remain on deposit and interest rate and APY do not change.
Click here to open an account online. Call 1-800-347-7000 where you can talk to a real person from our customer service team.
There is no minimum deposit to open a Discover Online Savings Account.
Interest is compounded daily and credited to your account monthly.
Funds in Discover deposit accounts are FDIC-insured up to the maximum amount allowed by law. For more information, visit our FDIC information page.
Yes, your savings account is eligible for enrollment in our overdraft protection service. Click here for more information about overdraft protection.
Direct Deposit is a secure and convenient way to have all or a portion of your paycheck or other recurring electronic deposits automatically deposited into your bank account. Funds you may choose to Direct Deposit include employment checks, federal payments, government refunds, stimulus checks, retirement account payments, and more.
Most features will be unavailable online, in the mobile app and by phone. Debit card transactions may be declined. Maintenance ends on Sept 21 at 5 a.m.
