Discover Bank
Discover Online Savings Review 2026
Discontinued for new customers — Discover's savings account has moved to Capital One.
Who Discover Online Savings is best for
Not available to new customers. Existing Discover Online Savings holders are being migrated to Capital One.
At a glance
- Status
- Not accepting new applications
- Where it went
- Capital One 360 Performance Savings
- Existing accounts
- Migrating to Capital One
discover.com/online-banking/savings-account/ redirects directly to Capital One's savings account page
Part of Capital One's acquisition of Discover
Per Capital One's own transition page — 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 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.
Discover Online Savings requirements
- Not applicable — Discover is not accepting new applications for this account.
Discover Online Savings alternatives
Top alternatives worth comparing from Best High-Yield Savings Accounts 2026.
Goldman Sachs Bank USA
Marcus by Goldman Sachs Online Savings
Anyone wanting a simple, well-backed high-yield savings account with zero account-management friction.
Ally Bank
Ally Bank Online Savings
People wanting savings + checking + investing accounts at the same online bank with consistent experience.
SoFi Bank, N.A.
SoFi Checking & Savings
People willing to direct-deposit paychecks for the highest APY + a strong companion checking account.
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 2026-08-17
Compare Discover Online Savings head-to-head
The full lineup
See all picks in Best High-Yield Savings Accounts 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Discover Online Savings 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 Online Savings 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 Online Savings
Can I still open a Discover Online Savings account?+
No. As of 2026, Discover's own savings account page (discover.com/online-banking/savings-account/) redirects directly to Capital One's online savings product page. Discover's deposit accounts — savings, CDs, money market, and checking — have moved to Capital One as part of Capital One's acquisition of Discover. New savings account applications now go through Capital One, not Discover.
What happens to an existing Discover Online 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 account holders notified directly ahead of any changes. ClearValue Lending is not involved in that migration and cannot speak to your specific account's timeline — contact Discover or Capital One directly. Source: capitalone.com.
Where should I open a high-yield savings account instead?+
See the other accounts ranked on this page. Marcus, Ally, and Capital One 360 Performance Savings are all currently open to new applicants with no monthly fee and no minimum balance. Verify current APYs directly at each bank before opening, since rates change with Federal Reserve policy.
Is ClearValue Lending a bank or savings 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 Online Savings 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.
https://clearvaluelending.com/reviews/discover-online-savings