Discover Bank vs Wealthfront
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Wealthfront? 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 Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.
Compare Discover Bank with Wealthfront, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Learn More | |
Discover Bank | Wealthfront | |
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Online Savings Account - Earn 4.25% APY - | Wealthfront Cash Account - | |
Benefits and Features | ||
Savings | ||
CD | 2.00% to 4.70% APY depending on terms. $2,500 minimum | |
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 | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Annual Fee | ||
Minimum Deposit | ||
Investment Types | ||
Pros & Cons | Pros:
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Bottom Line | Solid online bank with high APY rates and good customer service... | Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... |
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. Wealthfront: Pricing information from published website as of 04/04/2018 |
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 Wealthfront?
In short: Discover Bank's customer service is outstanding.