Discover Bank vs Regions Bank
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Regions Bank? 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 Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.
Compare Discover Bank with Regions Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
Discover Bank | Regions Bank | |
|---|---|---|
Online Savings Account - Earn 4.25% APY - | LifeGreen Savings Account – Up to $100 Annual Savings Bonus - | |
Benefits and Features | ||
| Savings | ||
| CD | 2.00% to 4.70% APY depending on terms. $2,500 minimum | 0.01% APY (Up to 5.00% APY for Promotional Relationship) |
| 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. | |
| ATMs | More than 1900 ATMs in 15 Southern and Midwestern US states. | |
| Customer Service | 24/7 Telephone Customer Service | |
| 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 | More than 1500 branches in 16 Southern and Midwestern US states. | |
CreditDonkey® Reviews | ||
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| Savings |   |  |
| Checking | | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| CD | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with high APY rates and good customer service... | South and Midwest bank with special reward programs... |
| 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 04/09/2024. Regions Bank: Pricing information from published website as of 04/11/2024 based on 35203 zip code. | ||
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 Regions Bank?
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.
In short: Discover Bank's money market, mobile app, and customer service are worth mentioning. In particular, the mobile app and customer service are outstanding.
Articles on Discover Bank
Discover Bank
Discover Savings
Discover CD
Discover Bank Locations
Discover Checking Account Fees
Who Owns Discover
Discover Checking Account Minimum Balance
Discover Checking Account Requirements
Discover Savings vs Money Market
Is Discover Bank a Good and Real Bank
Is Discover Savings Worth It
Articles on Regions Bank
Regions Bank Review
Which Do You Think is Best?
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