Discover Bank vs Wealthfront (Brokerage Cash)
Head-to-head comparison of Discover Online Savings Account and Wealthfront Cash Account, updated daily.
Wealthfront (Brokerage Cash) currently wins on APY: 4.50% vs 4.00%
| Feature | Discover BankUpdated 1d ago | Wealthfront (Brokerage Cash)Updated 1d ago |
|---|---|---|
| APY | 4.00% | 4.50%★ |
| Min opening deposit | $0★ | $1 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | monthly |
| ATM access | No | Yes★ |
| Check writing | No | Yes★ |
| Mobile app | Yes | Yes |
| Editor rating | 4.1 / 5 | 4.7 / 5★ |
Discover Bank verdict
Discover is solid but no longer at the top of the rate league. We still recommend it for savers who already have a Discover credit card and want everything in one place. Otherwise, SoFi or Marcus offer 40-60bps more for similar terms.
Read full Discover Bank review →Wealthfront (Brokerage Cash) verdict
Wealthfront's Cash Account is technically a brokerage sweep product, not a bank account — but the practical experience is identical, and the FDIC pass-through coverage ceiling is the highest on this list. If you have over $250k in cash, Wealthfront is the cleanest way to keep it fully insured in one place.
Read full Wealthfront (Brokerage Cash) review →