American Express National Bank vs Discover Bank
Head-to-head comparison of American Express High Yield Savings and Discover Online Savings Account, updated daily.
Discover Bank currently wins on APY: 4.00% vs 3.20%
| Feature | American Express National BankLive | Discover BankUpdated 1d ago |
|---|---|---|
| APY | 3.20% | 4.00%★ |
| Min opening deposit | $0 | $0 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | No | No |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.0 / 5 | 4.1 / 5★ |
American Express National Bank verdict
Amex is the bank you pick when you want zero surprises. It will rarely lead the APY tables, but it will also rarely fall to the bottom — Amex tends to track the Fed Funds rate cleanly. Best for existing Amex card customers who value consolidation.
Read full American Express National Bank review →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 →