Savings
Discover Savings Is Now Capital One 360 Savings (2026 Update)
Updated July 14, 2026
This page used to compare Discover Online Savings against Capital One 360 Performance Savings as two separate options. That comparison no longer applies: Discover is no longer accepting new savings account applications, and Discover's own savings page (discover.com/online-banking/savings-account/) now redirects directly to Capital One's savings product page. Discover's deposit accounts have moved to Capital One as part of Capital One's acquisition of Discover, and existing Discover savings customers are being migrated to Capital One accounts (source: capitalone.com/updates/discover/savings/). If you were weighing "Discover vs Capital One 360," there is effectively one option left standing — Capital One 360 Performance Savings — and what follows explains the transition plus what the Capital One account actually offers today.
Quick answer
Discover Online Savings no longer exists as a separate option — Discover's savings page now redirects directly to Capital One's, following Capital One's acquisition of Discover. New applicants go straight to Capital One 360 Performance Savings, which charges no monthly fee, has no minimum balance, and is FDIC-insured up to $250,000 per depositor.
Discover Online Savings
Pros
- +N/A — this account cannot be opened by new customers as of 2026.
Trade-offs
- –Cannot be opened as a new account — Discover's own savings page redirects to Capital One.
- –Existing Discover Online Savings accounts are being migrated to Capital One 360 Performance Savings.
- –For a comparable no-fee, no-minimum HYSA that is currently open to new customers, see Marcus, Ally, or Capital One 360 Performance Savings on this page.
Capital One 360 Performance Savings
Pros
- +Among the highest APYs of any branch-network bank
- +Branch access for in-person service when needed (Capital One Cafes are pleasant workspaces)
- +Integrated Capital One credit card + checking + savings ecosystem
- +Strong mobile app for banking + credit card management
Trade-offs
- –Branch network limited to specific states
- –APY slightly below pure online competitors like Marcus
- –Less customer-service depth than Ally or Discover by reputation
Which should you pick?
Pick Discover Online Savings if:Not available to new customers. Existing Discover Online Savings holders are being migrated to Capital One.
Pick Capital One 360 Performance Savings if:People who want online-savings APY plus the option of in-person branch service for complex situations.
The full lineup
See all picks, methodology, and side-by-side comparison in Best High-Yield Savings Accounts 2026.
Keep comparing
More Savings comparisons
Related guides
Frequently asked
Discover Online Savings vs Capital One 360 Performance Savings — common questions
Can I still open a Discover Online Savings account?+
No. As of 2026, Discover's own savings account page redirects directly to Capital One's online savings product page. New savings account applications go through Capital One, not Discover.
What happened to Discover's savings, CD, money market, and checking accounts?+
All of Discover Bank's deposit account pages — savings, CDs, money market, and checking — now redirect directly to the equivalent Capital One product page. This is part of Capital One's acquisition of Discover, not an isolated change to one product.
What happens to my existing Discover savings account?+
Capital One's own transition page (capitalone.com/updates/discover/savings/) states that existing Discover savings accounts are becoming Capital One accounts, with customers notified directly ahead of any changes. ClearValue Lending is not involved in that migration and cannot speak to your account's specific timeline — contact Discover or Capital One directly.
Does Capital One 360 Performance Savings charge monthly fees or require a minimum balance?+
No. Capital One 360 Performance Savings has no monthly maintenance fee and no minimum opening deposit or ongoing balance requirement. This matches CFPB guidance on choosing a savings account (consumerfinance.gov) — no-fee, no-minimum accounts are the standard for competitive online HYSAs.
Does Capital One 360 Performance Savings offer branch or in-person access?+
Yes. Capital One operates branches and Capital One Cafés across major U.S. cities, giving 360 Performance Savings customers optional in-person access even though the account itself is managed online. Verify current branch and café locations at capitalone.com.
Is Capital One 360 Performance Savings FDIC-insured?+
Yes. Capital One, N.A. is an FDIC-member institution. Deposits are insured up to $250,000 per depositor, per bank, per ownership category. Verify FDIC membership at fdic.gov/bank/individual.
Where can I compare other high-yield savings accounts that are still open to new customers?+
See our Best High-Yield Savings Accounts 2026 roundup for accounts currently accepting new applications, including Marcus, Ally, and Capital One 360 Performance Savings. Verify current APYs directly at each bank before opening, since rates change with Federal Reserve policy.
Independent editorial comparison. ClearValue Lending is not the issuer of any product compared here; affiliate links may pay a referral commission at no cost to you — selection is independent of compensation.
https://clearvaluelending.com/compare/discover-vs-capital-one-360-savings