Discover Bank vs Marcus by Goldman Sachs
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Marcus? 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. There are no service fees.
While Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account has no minimum deposit required to open while CDs have $500 minimum opening deposit. There are no service fees.
Compare Discover Bank with Marcus, side-by-side. Read on for an in-depth look, including ratings and reviews.
Visit Site | Learn More | |
Discover Bank | Marcus by Goldman Sachs | |
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Online Savings Account - Earn 4.25% APY - | Marcus Online Savings - Earn 4.50% APY - | |
Benefits and Features | ||
Savings | 4.50% APY. $0 to open. No fees to open or maintain account. No minimum daily balance requirement. | |
CD | 2.00% to 4.70% APY depending on terms. $2,500 minimum | 4.00% to 5.05% APY. Terms of 6 months to 6 years. 12-month CD APY of 5.05%. $500 minimum to open. No monthly service fee. |
Checking | 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. | |
Mobile App | ||
ATMs | ||
Customer Service | Mon - Sat: 8 am - 10 pm ET Sat - Sun: 9 am - 7 pm ET | |
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 | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
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Bottom Line | Solid online bank with high APY rates and good customer service... | |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Discover Bank: Pricing information and data points from published website as of 03/15/2024. Marcus: Information including rates, fees, terms, and benefits was obtained on December 26, 2023 from published websites and is believed to be accurate, but not guaranteed. |
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
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® 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: Discover Bank or Marcus?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Discover Bank or Chase.