Discover vs Marcus by Goldman Sachs Savings, Compared
Discover and Marcus by Goldman Sachs get searched together, but they aren't really a two-way choice right now: Discover completed its merger into Capital One in May 2025 and stopped accepting new applications for its savings, checking, CD, and money-market products in late January 2026. Existing Discover deposit accounts are being converted to Capital One 360 products; a saver opening a new account today cannot open a Discover one. That leaves Marcus by Goldman Sachs as the account you can actually open — here's what it requires and what it doesn't.
Read this first: Discover completed its merger into Capital One in May 2025 and stopped accepting new applications for its savings, checking, CD, and money-market products in late January 2026. Existing Discover deposit accounts are being converted to Capital One 360 products; a saver opening a new account today cannot open a Discover one.
The comparison
What actually differs, sourced from each bank
Every figure below is a structural account term, checked against Discover's and Marcus by Goldman Sachs's own disclosures as of early August 2026 — not an APY. Rates change constantly and we don't yet publish named-institution rates (see the methodology); confirm the current rate directly with each bank before you decide.
Discover
Marcus by Goldman Sachs
FDIC entity
Discover Bank (merged into Capital One, N.A.)
Goldman Sachs Bank USA
Open to new applicants
No
Yes
Minimum to open
N/A — not accepting new applications
$0
Monthly fee
$0 (existing accounts, pre-conversion)
$0
To earn the top rate
Not applicable to new savers — no new Discover savings account can be opened.
Marcus pays its published Online Savings rate to every balance, with no direct-deposit or activity requirement.
ATM / debit access
No ATM/debit card was offered on the Discover Online Savings account.
None at all — there is no debit or ATM card on any Marcus savings product; every withdrawal routes out by ACH transfer, wire, or check to a linked external account (same-day ACH available up to $100,000).
The catch on each
Discover
The account itself is disappearing — Discover's deposit business is being folded into Capital One, so a comparison against it is really a comparison against what Capital One 360 already offers.
Marcus by Goldman Sachs
Zero card access, period — not "link a checking account," just no path to a physical card. Fine for a pure savings parking spot, a real friction point if you need occasional cash.
On the rate itself
We don't publish Discover's or Marcus by Goldman Sachs's current APY — both change frequently and we don't yet have a sourced, dated feed for named-institution rates. What we do publish is the real, dated FDIC national-average benchmark, so you have a floor to check either bank's advertised rate against. See the high-yield savings guide for that benchmark and how to read an APY.
Next step
See how every savings option compares.
We don't open accounts or hold your money. We lay out the account terms against a published standard so you can decide with the fine print in plain sight, then take it to the bank that holds the account.
Compare savings accountsGet an email when Discover or Marcus by Goldman Sachs rates change.
We track both of these. We'll email you the moment either changes — no checking back.
Frequently asked
Can I still open a Discover savings account today?
Discover completed its merger into Capital One in May 2025 and stopped accepting new applications for its savings, checking, CD, and money-market products in late January 2026. Existing Discover deposit accounts are being converted to Capital One 360 products; a saver opening a new account today cannot open a Discover one. If you want a new account today, Marcus by Goldman Sachs is open to new applicants; if you already hold a Discover account, refer to Discover Bank (merged into Capital One, N.A.)'s own notices for what happens to your existing balance.
Are Discover and Marcus by Goldman Sachs both FDIC-insured?
Yes. Discover deposits are held by Discover Bank (merged into Capital One, N.A.); Marcus by Goldman Sachs deposits are held by Goldman Sachs Bank USA. Both are FDIC member institutions, insuring deposits up to $250,000 per depositor, per ownership category. The insurance comes from the bank through the FDIC, not from ClearValue Banking. Confirm current FDIC status at the FDIC's BankFind tool before you move money.
What's the minimum to open an account — Discover vs Marcus by Goldman Sachs?
Discover requires N/A — not accepting new applications to open and charges $0 (existing accounts, pre-conversion) in monthly fees. Marcus by Goldman Sachs requires $0 to open and charges $0 in monthly fees.
Does Discover or Marcus by Goldman Sachs require direct deposit to earn its top rate?
Discover: Not applicable to new savers — no new Discover savings account can be opened. Marcus by Goldman Sachs: Marcus pays its published Online Savings rate to every balance, with no direct-deposit or activity requirement. Confirm current tiering directly with each bank before you decide — this changes without notice.
Can I get an ATM or debit card with Discover or Marcus by Goldman Sachs?
Discover: No ATM/debit card was offered on the Discover Online Savings account. Marcus by Goldman Sachs: None at all — there is no debit or ATM card on any Marcus savings product; every withdrawal routes out by ACH transfer, wire, or check to a linked external account (same-day ACH available up to $100,000).