Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Capital One vs Discover Bank

Capital One is a good online bank with access to in-person support. How does it compare to Discover Bank? Read our comparison chart below.

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. There are no service fees.

Compare Capital One with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Discover Bank
Member FDIC
 Learn MoreVisit Site
 

Capital One

Discover Bank

SPECIAL OFFER
Personal Checking Account - $250 Bonus - Learn More

Read Capital One Review

SPECIAL OFFER
Online Savings Account - Earn 4.25% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

Savings
4.35% APY
4.25% APY
CD4.00% to 5.10% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.90%2.00% to 4.70% APY depending on terms. $2,500 minimum
Checking
0.10% APY
Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market 4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit.
ATMsOver 70,000 no-fee Capital One & Allpoint ATMs
Over 60,000 no-fee ATMs
Customer Service
Mon-Sun: 8am - 11pm (ET)
24/7
IRA CD 12-month CD APY of 4.70%. 18-month CD APY of 4.40%. 24-month CD APY of 4.00%. 5-year CD APY of 3.75%.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Discover Bank
SavingsStarStarStarHalf StarEmpty StarStarStarStarStarHalf Star
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Money MarketStarStarStarStarEmpty StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Customer ServiceStarStarStarStarHalf StarStarStarStarStarStar
Pros & ConsPros:
  • Overdraft protection options
  • No account minimums
  • 27 cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Pros:
  • High yield
  • No fees
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineGood online bank with access to in-person support... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One: Pricing information from published website as of 03/15/2024.

Discover Bank: Pricing information and data points from published website as of 03/15/2024.

Discover Bank
Member FDIC

Online Savings Account - Earn 4.25% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
Discover Bank
Member FDIC

Online Checking Account - Earn Cash Back

  • 1% cash back on up to $3,000 in debit card purchases each month. See website for details
  • No fees
  • Early Pay - Get your paycheck up to two days early with no charge
  • No credit impact - You can apply without affecting your credit score.
  • Access to over 60,000 no-fee ATMs in the U.S.
Discover Bank
Member FDIC

Discover® Cashback Checking – Up to $30/Month Cashback

Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.

Which is Better: Capital One or Discover Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Capital One or Chase.

In short: Capital One's checking is outstanding. Discover Bank's savings is worth mentioning.


Articles on Capital One

Capital One 360

Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.

Capital One Money Teen Checking Account Review

Is Capital One a good bank for your teenager? Here are the pros, cons, and fees of a Capital One Money Teen Checking account.

Capital One CD Rates

Interested in Capital One 360 CDs? Here are their rates and how to open one.

Capital One High Yield Savings Review

Want to grow your funds passively? Capital One offers a high-yield savings account with a solid APY and easy accessibility. Read on to find out more.

Capital One Checking Account Bonus

Curious about Capital One promotions? Discover their latest checking bonuses, how to qualify, and more to optimize your rewards.

Capital One Bank Hours

Capital One Bank is open 6 days a week. Take a look at their operating hours.

Capital One Routing Number

What is the routing number for Capital One? Find the right one for your account with our guide.

Articles on Discover Bank

Discover Savings Review

Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

Discover Online Savings Account Review

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

Discover CD Review

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Discover Checking Account Fees

Does Discover® Cashback Debit have any fees? Find out if they are completely fee-free.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Discover Checking Account Minimum Balance

Discover® Cashback Debit doesn't have a minimum balance. But what's the catch? Read on for all the details.

Discover Checking Account Requirements

Discover® checking account offers no monthly fees and a rewarding cashback program. Here's what you need to open an account today.

Discover Savings vs Money Market

Discover® Bank boasts solid rates for both their money market and savings accounts. Find out which one is more suited for you.

Is Discover Bank a Good and Real Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Which Do You Think is Best?





You Might Also Like

How Much Are ATM Fees

How Much Are ATM Fees

Felt robbed by ATM fees? Find out just how much cash they're taking from you.
Most Reliable High Yield Savings Account

Most Reliable High Yield Savings Account

Looking for a reliable high-yield savings account to grow your funds? Read on to learn which ones are worth your time.
Banks with No Overdraft Fees

Banks with No Overdraft Fees

Banks are slowly starting to ditch overdraft fees. If you're looking to open a new account without overdraft fees, here are some of the top picks.
How Long Does It Take to Open a Bank Account

How Long Does It Take to Open a Bank Account

Opening an account can be done in minutes at most banks. So, make sure your requirements are ready to avoid delays. Read on for more details.
Best Bank for 18 Year Olds

Best Bank for 18 Year Olds

Opening a bank as an 18-year-old is one of the best ways to start learning about money early. But with all your options, where do you even start?
Best Joint Checking Accounts

Best Joint Checking Accounts

Explore an expert review of the top joint checking accounts for your needs: married couples, unmarried couples, parents-teens, and businesses.
Best Banks in Florida

Best Banks in Florida

Are you a Floridian trying to find a new bank? It's easy with this helpful guide to the best banks in Florida. Read on to learn more.
Best National Bank

Best National Bank

There are over 5,000 FDIC-insured banks in America. How do you choose a good national bank to keep your money safe?
Best Student Checking Accounts

Best Student Checking Accounts

A student checking account allows you to manage your money with fewer fees and requirements. Find the best student checking accounts offered by the top banks.
Banks With Free Checking and No Minimum Balance

Banks With Free Checking and No Minimum Balance

Discover top banks for free checking accounts with no minimum balance requirement. Open your account with $0 deposit.

Next Page:

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.