Discover Bank vs Fidelity (Brokerage Cash)
Head-to-head comparison of Discover Online Savings Account and Fidelity Cash Management Account, updated daily.
Fidelity (Brokerage Cash) currently wins on APY: 4.05% vs 4.00%
| Feature | Discover BankUpdated 1d ago | Fidelity (Brokerage Cash)Updated 1d ago |
|---|---|---|
| APY | 4.00% | 4.05%★ |
| 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 | Yes★ |
| Check writing | No | Yes★ |
| Mobile app | Yes | Yes |
| Editor rating | 4.1 / 5 | 4.6 / 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 →Fidelity (Brokerage Cash) verdict
Fidelity's Cash Management Account is the cleanest "all-in-one" replacement for both checking and savings if you are willing to use a brokerage. The ATM fee reimbursement is industry-leading. Yield is slightly below the pure-play HYSAs but the convenience and integration usually justify it.
Read full Fidelity (Brokerage Cash) review →