Discover Bank vs Synchrony Bank
Head-to-head comparison of Discover Online Savings Account and Synchrony High Yield Savings, updated daily.
Synchrony Bank currently wins on APY: 4.35% vs 4.00%
| Feature | Discover BankUpdated 1d ago | Synchrony BankUpdated 1d ago |
|---|---|---|
| APY | 4.00% | 4.35%★ |
| 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 | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.1 / 5 | 4.2 / 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 →Synchrony Bank verdict
Synchrony is the only top-10 HYSA on our list that ships with an ATM card by default — useful if you want true cash access from a savings account. APY is competitive but not category-leading.
Read full Synchrony Bank review →