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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. In addition, Discover offers checkback checking. 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 requires just $1 to earn stated APY 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.

 Discover Bank
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Discover Bank

Marcus by Goldman Sachs

SPECIAL OFFER
Online Savings Account - Earn 1.70% APY - Learn More

Read Discover Bank Review

SPECIAL OFFER
Marcus Online Savings - Earn 1.70% APY - Learn More

Read Marcus Review

 

Benefits and Features

Savings1.70% APY. No fees and no minimum deposit.1.70% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.
CD0.35% to 2.20% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.00%. Minimum deposit of $2,500 to open.0.60% to 2.20% APY. Terms of 6 months to 6 years. 12-month CD APY of 2.00%. $500 minimum to open. No monthly service fee.
CheckingEarn 1% cashback on up to $3,000 in debit card purchases each month. No fees and no minimum deposit. 
Money Market1.55% APY under $100,000; 1.60% APY $100,000 or more. No fees. $2,500 minimum deposit. 
Customer Service
24/7
Monday - Friday: 8:00 am - 10:00 pm (ET)
Saturday - Sunday: 9:00 am - 7:00 pm ET
Mobile App 
None
ATMs
Over 60,000 no-fee ATMs
None
IRA CD12-month CD APY of 2.00%. 24-month CD APY of 2.05%. 5-year CD APY of 2.10%. 
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
Bottom LineSolid online bank with high APY rates and good customer service... Read full review 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.

    Discover Bank: Pricing information from published website as of 10/31/2019

    Marcus: Information including rates, fees, terms, and benefits was obtained on December 6, 2019 from published websites and is believed to be accurate, but not guaranteed.

    Which is Better: Discover Bank or Marcus?

    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.


    Articles on Discover Bank


    Articles on Marcus by Goldman Sachs


    Which Do You Think is Best?


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