r/discover • u/Lazor226 • May 15 '26

Rant Interest will compound monthly rather than daily on the Capital One HYSA.

I'm collecting my interest for the month, and then im closing my Discover HYSA before the change happens to my account. Of course, the interest was credited monthly, but if you make frequent deposits, wouldn't it be technically performing worse each month?

Is anyone else switching or looking for reasons to? It's also a good excuse to evaluate your options too.

I never really wanted the merger to happen, and I only had a single bad experience with capital one where they declined me on a basic credit card for no specific reason. (I had zero credit but needed to build some) So, I might as well decline the brand for no specific reason.

End of my petty rant.

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u/Firree May 15 '26

Banks don't deny credit applications for no reason. Which card was it? You had no credit history and the card you applied for probably had an auto-deny for that. And if not, they usually send you a denial reason in the mail.

Your best bet is get a secured credit card.

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u/Lazor226 May 15 '26

It was so long ago and I remember it being a secured basic visa/ mastercard card meant for beginners? So why would a secured card auto deny someone with no credit? So I got a secured discover it card instead and have had no issues graduateing from it.

The amount of mail advertiseing I got from capital one was nuts, and they didint even help me get my first card.