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Discover Bank vs Capital One

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Capital One? Read our comparison chart below.

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. In addition, Discover offers checkback checking. There are no service fees.

While 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.

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

 Discover Bank
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Discover Bank

Capital One

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

Read Discover Bank Review

SPECIAL OFFER
Current Promotion - Learn More

Read Capital One Review

 

Benefits and Features

Savings1.85% APY. No fees and no minimum deposit.1.90% APY. No monthly service fee and no minimum deposit.
CD0.35% 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.0.60% to 2.20% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.20%. No deposit to open.
CheckingEarn 1% cashback on up to $3,000 in debit card purchases each month. No fees and no minimum deposit.0.20% APY under $50,000; 0.50% APY $50,000 or more; 0.75% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw
Money Market1.70% APY under $100,000; 1.76% APY $100,000 or more. No fees. $2,500 minimum deposit.0.85% APY up to $9,999.99; 1.90% APY $10,000 or more. No monthly service fee and no minimum deposit.
Customer Service
24/7
Mon-Sun: 8am - 11pm (ET)
ATMs
Over 60,000 no-fee ATMs
Over 39,000 no-fee Capital One & Allpoint ATMs
IRA CD12-month CD APY of 2.20%. 24-month CD APY of 2.25%. 5-year CD APY of 2.30%.0.60% to 2.20% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.20%.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Discover Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewGood online bank with access to in-person support... Read full review
 Visit SiteLearn More
What Others View

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

    Capital One: Pricing information from published website as of 10/19/2019.

    Which is Better: Discover Bank or Capital One?

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

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


    Articles on Discover Bank


    Articles on Capital One


    Which Do You Think is Best?


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