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.
Chase is one of the biggest banks in the nation with more than 4,700 branches and over 16,000 ATMs. They offer a variety of banking, loans and investing services.
While 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. In addition, Discover offers checkback checking. There are no service fees.
Compare Chase with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Chase | Discover Bank | |
|---|---|---|
Chase Bank $225 Bonus - | Online Savings Account - Earn 0.40% 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. | |
| CD | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. | 0.20% to 0.60% APY. Terms of 3 months to 10 years. 12-month CD APY of 0.50%. Minimum deposit of $2,500 to open. |
| Checking | Chase Total Checking® 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 | 0.30% APY under $100,000; 0.35% APY $100,000 or more. $2,500 minimum deposit. | |
| Customer Service | ||
| ATMs | ||
| IRA CD | 12-month CD APY of 0.50%. 24-month CD APY of 0.50%. 5-year CD APY of 0.60%. | |
| Locations | ||
CreditDonkey® Reviews | ||
| | |
| Savings |    | |
| Checking | | |
| Customer Service | | |
| Mobile App | | |
| Money Market | | |
| Pros & Cons | Pros:
| 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 and data points from published website as of 12/17/2020 Discover Bank: Pricing information and data points from published website as of 01/28/2021 | ||
Chase Total Checking® - $225 Bonus
- New Chase customers enjoy a $225 bonus when you open a new Chase Total Checking® account and set up direct deposit
- Access to 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Online Savings Account - Earn 0.40% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: Chase or Discover Bank?
Still need help deciding which bank reviews & deals 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 Reviews
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.
Open Chase 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.
Chase Business Checking $300 Bonus
Right now, Chase Business Complete Checking is offering a $300 bonus for new customers.
You Invest Chase
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 Routing Number
What is Chase Bank's routing number? It depends on the state. Find the correct routing number for your Chase account (even without a check).
How to View Your Chase Bank Statement
You can easily access your Chase bank statement online. Find out how to view your past activity at any time.
How to Setup Direct Deposit with Chase
Get paid faster when you set up direct deposit with Chase. Here's how to get started below, plus how long it takes to get your money.
How to Go Paperless with Chase Bank
Tired of getting paper statements from Chase? Follow this simple guide to go paperless with Chase Bank.
How to Replace Your Chase Debit Card
Need to replace your Chase debit card? Here's how to request a new one through the website, mobile app or customer service.
How to Text Chase Bank for Your Balance
Chase Text Banking lets you check your balance with a simple text. Find out how to sign up for this convenient service below.
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 Online Savings Account 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.
Discover Checking
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 CD Review
Discover Bank's CD account offers high rates and no hidden fees. But is the term worth it? Read this review before you open a CD.
Which Do You Think is Best?
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