Discover
Online Savings Account
Current APY
3.75%
Rate Gap
0.58%
6-Mo Decay
-1.00%
Rate Loyalty
Fair 68
Rate Loyalty Score Breakdown
Pass-Through Ratio 40% weight
How well the bank tracks Fed rate moves
Decay Frequency 30% weight
Times bank widened gap while Fed held steady (fewer = better)
Average Rate Gap 20% weight
Tighter average gap = more competitive
Recovery Speed 10% weight
How fast bank follows Fed rate hikes
APY vs Fed Rate Over Time
When the blue line diverges from the red dashed line, the bank is pocketing more of your yield.
Rate Decay Events
Dropped 0.25% while Fed held steady Sep 5, 2025
Dropped 0.35% while Fed held steady Oct 10, 2025
Dropped 0.25% while Fed held steady Nov 21, 2025
Dropped 0.15% while Fed held steady Jan 2, 2026
What This Rate Gap Costs You
On $10,000
$58/yr
lost to Rate Gap
On $25,000
$145/yr
lost to Rate Gap
On $50,000
$290/yr
lost to Rate Gap
Account Details
- Bank Type
- online
- FDIC Insured
- Yes
- Minimum Deposit
- $0
- Min Balance for APY
- $0
- Account Type
- hysa
- Current APY
- 3.75%
- Rate Gap (vs EFFR 4.33%)
- 0.58%
- Website
- Visit →