See RatesSecure site · Updated July 2026
- Savings APY
- 3.90% APY
- Monthly fee
- $0
- Min. deposit
- $0
- Sign-up bonus
- None
Why it stands out
Discover Bank highlights
- Zero fees on everything, including overdraft and returned items
- US-based customer service available 24/7
- 60,000+ fee-free ATMs through Allpoint and MoneyPass
- Debit card cashback when you add a Discover checking account
The verdict at a glance
Pros and cons
Pros
- One of the shortest fee schedules in banking
- Highly rated app and phone support
- Checking account earns 1% cashback on debit purchases
Cons
- Savings rate trails the market leaders
- One outbound transfer method can be slow to post
Our full review
Our take on Discover Bank
Discover strips out the fees other banks quietly charge, from monthly maintenance to insufficient funds, and backs the account with well-regarded US-based service. The rate is solid rather than chart-topping.
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Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on Discover Bank’s own site before you apply.
The alternatives
How Discover Bank compares
Other top-rated banks in Online Banking. Compare the numbers side by side before you decide.
| # | Provider | Rating | Savings APY | Best for | |
|---|---|---|---|---|---|
| 1 | Ally Bank | 4.20% APY | Everyday savers who want a full bank | See Rates | |
| 2 | Marcus by Goldman Sachs | 4.40% APY | Rate chasers who want a simple account | See Rates | |
| 3 | SoFi | 3.80% APY | Direct-deposit users chasing a bonus | View Offer | |
| 4 | Capital One 360 | 3.60% APY | People who still want a branch nearby | See Rates |
- Ally Bank4.9Best for Everyday savers who want a full bank
- Marcus by Goldman Sachs4.8Best for Rate chasers who want a simple account
- SoFi4.7Best for Direct-deposit users chasing a bonus
- Capital One 3604.4Best for People who still want a branch nearby