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Chase vs Discover Bank

Chase is a national bank with good promotions for new customers. How does it compare to Discover Bank? Read our comparison chart below.

 ChaseDiscover Bank
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Chase

Discover Bank

SPECIAL OFFER
Chase Total Checking® + Chase Savings℠ - Learn More

Read Chase Review

SPECIAL OFFER
Online Savings Account - Earn 1.85% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

SavingsChase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
1.85% APY. No fees and no minimum deposit.
CDTerms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.0.35% to 2.40% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.20%. Minimum deposit of $2,500 to open.
CheckingChase Total Checking: Basic checking account. $12 service fee waived with an average beginning day balance of $1,500 OR direct deposits of at least $500 each month. $0 minimum balance to open.
Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open.
Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open.
Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open.
Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Earn 1% cashback on up to $3,000 in debit card purchases each month. No fees and no minimum deposit.
Money Market 1.70% APY under $100,000; 1.76% APY $100,000 or more. No fees. $2,500 minimum deposit.
Customer Service
24/7 by phone
24/7
ATMsOver 16,000 Chase ATMs nationwide
Over 60,000 no-fee ATMs
IRA CD 12-month CD APY of 2.20%. 24-month CD APY of 2.25%. 5-year CD APY of 2.30%.
Locations
Nearly 5,000 branches
Online Only
 

CreditDonkey® Reviews

 ChaseDiscover Bank
Savings
Checking
Customer Service
Mobile App
Money Market
Pros & ConsPros:
  • Nearly 5,000 branches
  • New customer promotions
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineNational bank with good promotions for new customers... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
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What Others View

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

Chase: Pricing information from published website as of 7/17/2019

Discover Bank: Pricing information from published website as of 10/17/2019

Which is Better: Chase or Discover Bank?

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

In short: Discover Bank's savings and customer service are worth mentioning. In particular, the customer service is outstanding.


Articles on Chase


Articles on Discover Bank

    Discover Bank

    Discover 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 CD Rates

    Discover Bank's CD account offers high rates and no hidden fees. But is the term length worth it? Read this in-depth review before you open an CD

    Discover Checking Review

    With Discover Bank's Cashback Debit account, you'll pay no fees and earn money for purchases. Learn more about these benefits—and some downsides—in our guide.

    Discover Savings Review

    Discover Bank online savings account offers a high interest rates and no monthly fees. But is it the right place for your money? Read on to find out, plus the best way to open an account.

Which Do You Think is Best?


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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.

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