Your Money Market account | Capital One
Discover is part of Capital One
Your Discover Money Market account is becoming a Capital One savings account.
We’ll do the heavy lifting
We’ll set up your Capital One 360 Performance Savings account with direct deposits, past statements and other account settings. When it’s time, we’ll be in touch about your bank account and send you more info about how to manage it using the Capital One website and app.
What you can expect
Same rate
Earn the same variable rate with Capital One that you had with Discover.*
Same account number
Keep the same account number with a new Capital One routing number.
Ongoing support
When your account is ready, we'll give you a heads-up and help you sign in.
When it’s time, manage your account with Capital One
We'll let you know when to start managing your account using the Capital One website and app. There's nothing you need to do until you hear from us.
Your money, managed your way
No fees
Never pay monthly maintenance fees—what you earn is what you keep.
No minimums
There’s no minimum balance required to use or keep your savings account.
Direct deposits
Any direct deposits you set up with Discover will continue to work with Capital One.
Upcoming transactions
Transfers scheduled through Discover will still be completed.
In-person support
Get support for your banking needs at local Capital One Cafés and branches.
External accounts
Eligible external accounts, joint account holders and beneficiaries will be set up for you.
Frequently asked questions
Will my money market account features change?
Your Discover Money Market account will become a Capital One 360 Performance Savings account.
We’ll send you a change in terms notice and your new account terms with details about changes. Some of these changes include:
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Routing number: Accounts will have a Capital One routing number. Any checks and transfers scheduled through Discover will still work with your old routing number. However, updating your routing number when your account becomes a Capital One account can help avoid delays with transactions. You’ll need to use Capital One’s routing number for wire transfers or your wires will be returned. You’ll also need to relink third-party apps (such as PayPal, Venmo and Robinhood) so transfers you set up there go through.
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Early paycheck: You’ll still receive your direct deposits, but they won’t be eligible to arrive early.
Keep in mind that debit cards, Zelle® and Bill Pay aren’t available with savings accounts. You’ll be able to use your existing checks, but new checkbooks can’t be ordered.
Will my money market account rate change?
Your Discover Money Market account will become a Capital One 360 Performance Savings account.
Your rate will not change as a result of your account becoming a Capital One account.
As is true with Discover Money Market accounts, Annual Percentage Yield (APY) and interest rates for Capital One savings accounts are variable and subject to change at any time.
To find current rate information for Discover Online Savings accounts, log in to your Discover account or call Discover at 1-800-347-7000. For information on current rates for Capital One 360 Performance Savings accounts, visit capitalone.com.
Will I lose access to my accounts on Discover.com or in the Discover app?
Not all Discover accounts will be ready to manage with Capital One at the same time.
You can continue using Discover.com or the Discover app for any accounts that are still with Discover.
After an account is set up with Capital One, you’ll use the Capital One website and app to manage that account. You’ll no longer be able to view or manage that account on Discover.com or in the Discover app.
Will I need to create a new username and password?
You may be able to use your existing username and password depending on where you manage your accounts:
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If you’re an existing Capital One customer, you’ll keep using your Capital One username and password.
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If you’re not an existing Capital One customer, you’ll be able to use your Discover username and password—unless that username already exists with Capital One. You can also reset your password if you'd like to.
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If you have multiple Discover accounts, they may be ready to manage with Capital One at different times. In that case, you’ll need to create a separate username and password for Capital One.
When it’s time for you to set up online access, we'll reach out with info on how to get started.
What do I need to do?
We'll reach out by email or letter with advance notice when there are updates to your Discover account and when you need to take action. Until then, you can keep managing your account using the Discover website and app.
Have another Discover account?
You'll receive more info from us about each Discover account you have. Keep in mind that if you have multiple accounts, they may not move to Capital One at the same time.