Discover Bank
Discover Money Market Account Review 2026
Updated June 3, 2026
Discontinued for new customers — Discover's money market account has moved to Capital One.
Who Discover Money Market Account is best for
Not available to new customers. Existing Discover MMA holders are being migrated to Capital One.
At a glance
- Status
- Not accepting new applications
- Where it went
- Capital One savings accounts
- Existing MMAs
- Migrating to Capital One
discover.com/online-banking/money-market/ redirects directly to Capital One's savings product page
Capital One does not offer a separate MMA product — the redirect lands on Capital One's savings page
Per Capital One's transition materials — see FAQ below
Pros
- +N/A — this account cannot be opened by new customers as of 2026.
Cons
- −Cannot be opened as a new account — Discover's own MMA page redirects to Capital One's savings page.
- −Existing Discover Money Market accounts are being migrated to Capital One.
- −For a comparable account currently open to new customers, see Ally, Synchrony, UFB Direct, CIT Bank, or Quontic on this page.
Discover Money Market Account requirements
- Not applicable — Discover is not accepting new applications for this account.
Discover Money Market Account rates & fees
Discover Bank is no longer accepting new Money Market Account applications. As of 2026, Discover's own money market page (discover.com/online-banking/money-market/) redirects directly to Capital One's savings account page, and Discover's deposit accounts are moving to Capital One as part of Capital One's acquisition of Discover. Compare current rates at the other banks ranked on this page.
Rates & fees last verified at the issuer on 2026-06-03. Always confirm current terms before applying.
Discover Money Market Account alternatives
Top alternatives worth comparing from Best Money Market Accounts 2026.
Ally Bank
Ally Bank Money Market Account
Better if you want $0 minimum with debit card and check writing
Axos Bank
UFB Direct Money Market Account
Better if you want a higher APY with no minimum
Quontic Bank
Quontic Money Market Account
Better if you want a higher APY with a low $100 minimum
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
Apply at Discover Bank→Last verified at the issuer on 2026-06-03
The full lineup
See all picks in Best Money Market Accounts 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Discover Money Market Account scores 3.7 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Not available to new customers. Existing Discover MMA holders are being migrated to Capital One.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about Discover Money Market Account
Can I still open a Discover Money Market Account?+
No. As of 2026, Discover's own money market page (discover.com/online-banking/money-market/) redirects directly to Capital One's savings account page — Capital One does not offer a separate money market product. Discover's deposit accounts have moved to Capital One as part of Capital One's acquisition of Discover.
What happens to an existing Discover Money Market Account?+
Capital One's transition materials (capitalone.com/updates/discover) state that existing Discover deposit accounts are becoming Capital One accounts, with customers notified directly ahead of any changes. ClearValue Lending is not involved in that migration — contact Discover or Capital One directly about your account.
Where should I open a money market account instead?+
See the other accounts ranked on this page. Ally, Synchrony, UFB Direct, CIT Bank, and Quontic are all currently open to new applicants. Verify current rates, check-writing access, and minimums directly at each bank before opening.
Is ClearValue Lending a bank or account issuer?+
No. ClearValue Lending is not a bank, account issuer, lender, or financial advisor. This entry presents publicly available editorial information about the status of the Discover Money Market Account. Account availability, migration terms, and timelines are determined solely by Discover Bank and Capital One and may change — verify current status at capitalone.com.
Related guides
Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.