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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.
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Chase | Discover Bank | |
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Chase Sapphire℠ Checking - | Online Savings Account - Earn 1.70% APY - | |
Benefits and Features | ||
| Savings | Chase 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. | 1.70% APY. No fees and no minimum deposit. |
| CD | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. | 0.35% 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. |
| Checking | Chase 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. No fees and no minimum deposit. |
| Money Market | 1.55% APY under $100,000; 1.60% APY $100,000 or more. No fees. $2,500 minimum deposit. | |
| Customer Service | ||
| ATMs | Over 16,000 Chase ATMs nationwide | |
| IRA CD | 12-month CD APY of 2.00%. 24-month CD APY of 2.05%. 5-year CD APY of 2.10%. | |
| Locations | ||
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | National bank with good promotions for new customers... | Solid online bank with high APY rates and good customer service... |
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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 7/17/2019 Discover Bank: Pricing information from published website as of 10/31/2019 | ||
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
Chase Bank Review
Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.
Chase Order Checks
Running low on your checks from Chase? Read this to learn how to reorder your checks.
Chase Business Checking
Chase Bank has three checking options for small businesses. So which one is right for you? Find out in our guide.
Chase Routing Number
What is Chase Bank's routing number? It depends on the state. Find the right one for your Chase account with our guide.
Chase Sapphire Checking Promotion
Is Chase Sapphire banking bonus worth it? Get the requirements and see how to qualify.
Chase Total Business Checking
What is Chase Total Business checking account? Is there a fee? Read this review for the pros and cons.
Chase Sapphire Banking
What is Chase Sapphire banking ? We explain the benefits, interest rate and how to qualify for the bonus in our review.
Chase You Invest Review
Chase You Invest App has a bonus promotion, low fees and mutual funds trading. But is it good for beginners? Read this review for the pros and cons.
Chase Premier Plus Checking
Chase Premier Plus Checking currently has a coupon offer. But how does the minimum balance and fee waiver compare to accounts like the Total Checking? Read on to find out.
Chase Savings Account
Chase Savings Account has a coupon for new customers. But how does it work? Read this review for the interest rate, fees, minimum balance and more.
Chase Private Client Review
Chase Private Client offers premium relationship perks to those with $250,000 on deposit with Chase. It is worth it? We analyze the benefits in this in-depth review. Read on.
Chase Student Account
Chase College Checking account has no monthly service fee for students. But is there a catch? Read on to learn the details and see if it's right for you.
Chase Open Account
Opening an account with Chase Bank is simple. Take a look at what you'll need and check out your account options in our guide.
Articles on Discover Bank
Discover Bank
Discover 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.
Discover CD Rates
Discover Bank's CD account offers high rates and no hidden fees. But is the term length worth it? Read this in-depth review before you open a CD.
Discover Checking Review
With Discover Bank's Cashback Debit account, you'll pay no fees and earn money for purchases. Learn more about these benefits—and some downsides—in our guide.
Discover Savings Review
Discover Bank online savings account offers a high interest rates and no monthly fees. But is it the right place for your money? Read on to find out, plus the best way to open an account.
Which Do You Think is Best?
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