| Question | 2026 status | Action |
|---|---|---|
| Open a new Discover Savings account | Old page redirects to 360 Performance Savings | Check the live Capital One APY |
| Existing account | Becoming 360 Performance Savings | Wait for the account-specific notice |
| Account number | Stays the same | Verify during first Capital One login |
| Routing number | Changes after migration | Use the new number for new wires |
| Monthly fee/minimum | None | Check separate service charges |
Why the old Discover bonus no longer applies
This URL originally covered a 2019 $150/$200 promotion. Capital One completed its acquisition of Discover on May 18, 2025, and the old savings application now points to 360 Performance Savings.
The useful 2026 answer is what happens to existing deposits and which live terms a new applicant should compare—not an expired promo code.
How existing accounts are moving
Capital One says customers will move in stages. Continue using Discover until your email or letter says otherwise, then manage the converted account through Capital One. Existing direct deposits and scheduled transfers continue.
The account number stays, but the routing number changes. Existing arrangements can keep using the Discover number, while new wires need the Capital One routing number or may be returned.
Rate, fees and feature changes
The converted account keeps the same variable rate at transition, though the APY can change at any time. New applicants should read the live Capital One rate rather than an old search snippet.
There is no monthly maintenance fee or minimum balance. Savings-account Early Pay ends, and cashier's checks are available only at Capital One locations with a current $10 fee.
Recalculate FDIC coverage
Capital One and Discover are one bank. Since Nov. 18, 2025, deposits under the two brands are aggregated for applicable FDIC limits.
Customers with substantial deposits at both brands should total balances by ownership category and use FDIC resources or bank support to confirm coverage.
Should you open 360 Performance Savings now?
- Compare the live APY, not Discover's historical rate.
- Confirm no-fee and no-minimum terms fit your emergency-fund use.
- Compare transfer speed, support and cashier's-check needs.
- Account for combined FDIC coverage if you already bank with Capital One.
- Do not move money for an expired bonus shown on an old page.
Frequently asked questions
Can I still use Discover Savings?
Yes, until your account-specific migration notice directs you to Capital One.
Will the account number change?
Capital One says the account number stays, while the routing number changes.
Is the old $150 or $200 bonus available?
No. That was a 2019 offer. Rely only on a current Capital One application or targeted offer.
Are Discover and Capital One FDIC limits separate?
Since Nov. 18, 2025, deposits are aggregated at Capital One, N.A. for applicable FDIC limits.
Sources and verification
- Capital One Discover Savings transition — account number, rate, routing, fees and feature changes
- Capital One 360 Performance Savings — live rate and product terms
- Capital One and Discover FAQ — merger and FDIC treatment
What to do now
- New applicant：Use the live Capital One 360 Performance Savings APY and terms, not the old Discover $150/$200 bonus.
- Existing customer：Keep managing the account as instructed until your notice; the account number stays, but new wires require the Capital One routing number after migration.
- Deposits at both brands：Since Nov. 18, 2025, Capital One and Discover deposits are aggregated for applicable FDIC insurance limits.
For new applicants, this is now a Capital One comparison. Existing Discover customers should wait for their notice and verify the new login, routing number and combined FDIC coverage.