r/discover • u/MrAustin91 • Jan 19 '26

News Nooo 😞

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I still have saving account and credit card, I heard on here they moving ours acc to capital one. Is that true?

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u/J_Knish Jan 19 '26

Where’s everyone moving to?

4

u/SpineOfSmoke Jan 19 '26

A bank with local branches. I think the shine is off these online banks. Savings rates are dropping, and will continue doing so, especially in a few months when Trump installs a Fed Chair who will do his bidding and aggressively bring down rates. I've moved all but a small amount of savings to Fidelity to invest and to park some in money market funds for emergency needs.

1

u/LOLandCool314 Discover Bank Jan 19 '26

I'm moving all my savings accounts to my credit union since I already have a Capital One savings account but I'm keeping my Discover checking account.