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Chase vs Discover Bank

Chase is a national bank with good promotions for new customers. How does it compare to Discover Bank? Read our comparison chart below.

 ChaseDiscover Bank
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Chase

Discover Bank

SPECIAL OFFER
Open a New Checking Account - Learn More

Read Chase Review

SPECIAL OFFER
Online Savings Account - Earn 0.95% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

SavingsChase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
0.95% APY
CDTerms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.0.25% to 1.05% APY. Terms of 3 months to 10 years. 12-month CD APY of 0.90%. Minimum deposit of $2,500 to open.
CheckingChase Total Checking: Basic checking account. $12 service fee waived with an average beginning day balance of $1,500 OR direct deposits of at least $500 each month. $0 minimum balance to open.
Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open.
Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open.
Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open.
Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Earn 1% cashback on up to $3,000 in debit card purchases each month
Money Market 0.80% APY under $100,000; 0.85% APY $100,000 or more. $2,500 minimum deposit.
Customer Service
24/7 by phone
24/7
ATMsOver 16,000 Chase ATMs nationwide
Over 60,000 no-fee ATMs
IRA CD 12-month CD APY of 0.90%. 24-month CD APY of 0.90%. 5-year CD APY of 1.05%.
Locations
Nearly 4,900 branches
Online Only
 

CreditDonkey® Reviews

 ChaseDiscover Bank
Savings
Checking
Customer Service
Mobile App
Money Market
Pros & ConsPros:
  • Nearly 4,900 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineNational bank with good promotions for new customers... Read full reviewSolid online bank with high APY rates and good customer service... 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.

    Chase: Pricing information from published website as of 07/02/2020

    Discover Bank: Pricing information from published website as of 5/29/2020

    Which is Better: Chase or Discover Bank?

    Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Chase or CIT Bank.

    In short: Discover Bank's savings and customer service are worth mentioning. In particular, the customer service is outstanding.


    Articles on Chase


    Articles on Discover Bank


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