Discover Bank vs SunTrust Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to SunTrust 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 SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.

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

	Member FDIC	SunTrust BankChaseBank of America
	Visit Site	Learn More
	Discover Bank	SunTrust Bank
	SPECIAL OFFER Online Savings Account - Earn 4.25% APY - Learn More Read Discover Bank Review
	Benefits and Features
Savings	4.25% APY	0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.
CD	2.00% to 4.70% APY depending on terms. $2,500 minimum	0.05% APY. Terms ranging from 6 months - 24 months. $2,500 minimum opening deposit. Terms ranging from 7 days - 31 days. OR $1000 minimum opening deposit. Terms ranging from 32 days - 60 days.
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.	Minimum opening deposit $100. Monthly maintenance fee $12 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained.
ATMs	Over 60,000 no-fee ATMs	More than 2160 ATMs across 11 southeastern states and Washington DC.
Customer Service	24/7	24/7 Telephone and Automated 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%.	Terms ranging from 1 - 10 years.
Locations	Online Only	1400 bank branches across 11 southeastern states and Washington D.C.
	CreditDonkey® Reviews
Savings
Checking
Money Market
Mobile App
Customer Service
CD
Pros & Cons	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs	Pros: High APY for CDs Free student account Good customer service Cons: No free checking option Low savings APY Limited branches
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	Southeastern regional bank known for good customer service... Read full review
	Visit Site	Learn More
	Online Savings Account - Earn 4.25% APY Online Checking Account - Earn Cash Back Discover® Cashback Checking – Up to $30/Month Cashback
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. SunTrust Bank: Pricing information from published website as of 04/12/2022 based on 91107 zip code.

Member FDIC

Online Savings Account - Earn 4.25% APY

Get Deal

• No fees
• No minimum opening deposit
• No minimum balance required

Member FDIC

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.

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Member FDIC

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.

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Which is Better: Discover Bank or SunTrust 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 savings, checking, 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® Bank 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.

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Discover Savings Account Review

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

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Discover CD Review

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

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Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Discover Checking Account Fees

Does Discover® Cashback Debit have any fees? Find out if they are completely fee-free.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Discover Checking Account Minimum Balance

Discover® Cashback Debit doesn't have a minimum balance. But what's the catch? Read on for all the details.

Discover Checking Account Requirements

Discover® checking account offers no monthly fees and a rewarding cashback program. Here's what you need to open an account today.

Discover Money Market vs Savings

Discover® Bank boasts solid rates for both their money market and savings accounts. Find out which one is more suited for you.

Is Discover a Good Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Articles on SunTrust Bank

SunTrust Bank Review

If customer service ranks high on your list, SunTrust Bank may be one you want to check out. While they offer interest rates comparable to most "big banks," they do offer that warm, fuzzy feeling some people look for in a bank.

Which Do You Think is Best?