Discover has been acquired by Capital One. The acquisition was completed on May 18, 2025. The two banks are now under the same company, Capital One, N.A.
Not much has changed yet, and if there are any changes to your existing Cap One or Discover accounts the bank will contact you. While Cap One sorts things out, here’s what we know:
If you’re looking for digital checking account with tons of perks, Chime® is worth a look, it comes with no minimum balance requirement and no monthly fees.
Discover’s savings bonus has a high deposit requirement for a relatively small payout. However, its savings account does offer a high APY with no monthly fees, so even without the bonus, it’s still a decent savings option. Discover’s savings account has a high 3.40% APY, which is much higher than the national average rate of 0.39% for savings accounts, as reported by the FDIC.(1)
Compare more bank account bonuses here, or look for other high-yield savings accounts.
| Bank | Bonus offer | More info | ||
|---|---|---|---|---|
| Chime | Up to $300 |
Finder Reward
Get $300 from Finder Become a Finder member, open a Chime® Checking Account and receive a first payroll deposit of $200 or more. Offer ends March 31, 2026.
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Finder Reward
Get $300 from Finder Become a Finder member, open a Chime® Checking Account and receive a first payroll deposit of $200 or more. Offer ends March 31, 2026.
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| Axos Bank | $50 | Learn more | ||
| SoFi® | $50 or $400 | Learn more | ||
| Capital One | Up to $1,500 | Learn more | ||
| Varo | Up to $50 | Learn more | ||
| PNC | Up to $1,000 | Learn more | ||
| Upgrade | Up to $200 | Learn more | ||
| Fifth Third Bank | Up to $300 | Learn more | ||
Most bank account bonuses have requirements to earn them, so you’re unlikely to find an account that just gives you cash for opening the account. Most welcome bonuses require you to set up direct deposit or deposit a specific amount to earn bonus cash. Bonuses aren’t typically delivered immediately, either, as most banks deliver the bonus 30 to 90 days after you’ve met the bonus requirements.
The Discover cashback debit card bonus isn’t so much of a bonus itself. The $360 is the limit you can earn each year through the Discover® Cashback Debit Account. You earn 1% cash back on up to $3,000 each month, which equates to earning up to $360 in cash back per year.
Interest-bearing accounts passively grow your money. Compare common types of accounts that earn interest and find the best one for you.
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The $500 Axos Bank bonus is now expired, but you can still earn $50 per qualifying referral.
Axos ONE is a new hybrid savings and checking account with no monthly fee, early direct deposit set up and a high APY. See pros and cons.
SoFi, Capital One, Chase and Revolut have some of the best student bank accounts for savings, checking and building credit.
Some of the best-rated mobile banking apps include SoFi, Chase and Wells Fargo. See our full list here.
Charlie, Chase and SoFi are some of the best free bank accounts for seniors and retirees, with competitive APYs and low deposit requirements.
Banks like SoFi, PNC, HSBC, US Bank, Axos, KeyBank, Fifth Third Bank and more offer instant fund availability with mobile check deposit.
Tracking the Fed funds rate from 1954 to now.
Budgeting, high-yield savings and cash back, but the cost of Albert may not make up for the perks.