Bread Savings vs Discover Bank
Head-to-head comparison of Bread Savings High-Yield Savings and Discover Online Savings Account, updated daily.
Bread Savings currently wins on APY: 4.40% vs 4.00%
| Feature | Bread SavingsUpdated 1d ago | Discover BankUpdated 1d ago |
|---|---|---|
| APY | 4.40%★ | 4.00% |
| Min opening deposit | $100 | $0★ |
| Min balance for APY | $100 | $0★ |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | No | No |
| Check writing | No | No |
| Mobile app | No | Yes★ |
| Editor rating | 4.1 / 5 | 4.1 / 5 |
Bread Savings verdict
Bread Savings is bare-bones and proud of it. There is no mobile app, no checking, no ATM — just a savings account with a competitive APY. For savers who want to "set and forget" without temptation to spend, the lack of features is a feature.
Read full Bread Savings 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 →