As part of Capital One’s acquisition of Discover, Discover savings accounts will become a Capital One 360 Performance Savings accounts. Discover stopped accepting new applications for deposit accounts in late January 2026 ahead of this change. Interestingly Discover checking accounts will remain as is (for now).
Capital One 360 performance savings earns 3.3% APY, this is the same rate that Discover offered (although I believe it was 4.3% APY earlier this year). This isn’t competitive with other high yield savings accounts currently available. A full F.A.Q regarding the change is on the Capital One website found here.
