Your savings account
Discover is part of Capital One
Your Discover savings 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 to expect
Same rate
Earn the same variable rate with Capital One that you had with Discover.*
Same account number
Keep the same account number when you get started with Capital One.
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.
Same account number
Your account number from Discover stays the same with Capital One.
Same rate
Continue to earn the same variable rate to help grow your savings.*
FDIC insurance
Your account is still fully insured up to the allowable limits of the FDIC.
In-person support
Get support for your banking needs at local branches and Cafés.
Frequently asked questions
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:
- If you’re an existing Capital One customer, you’ll keep using your Capital One username and password.
- 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.
- 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.
Will my existing direct deposits still work?
Any direct deposits you set up with Discover will continue to work with Capital One, but Early Pay will no longer be available for savings accounts.
Will my scheduled transfers still go through?
One-time and recurring transfers you scheduled with Discover will continue to work. You can review the next 30 days of upcoming transactions once your account is set up with Capital One.
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.