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	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
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.	0.95% APY
CD	Terms 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.
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
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
ATMs	Over 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

Savings
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: 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 Line	National bank with good promotions for new customers... Read full review	Solid online bank with high APY rates and good customer service... Read full review

	Open a New Checking Account Chase Total Checking® Chase Premier Plus Checking℠	Online Savings Account - Earn 0.95% APY Certificate of Deposit Online Checking Account - Earn Cash Back
What Others View	TD Bank
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

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.

How To Open A Chase Bank 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

Chase Bank has three checking options for small businesses. So which one is right for you? Find out in our guide.

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 Checking Account Bonus

Chase is currently offering cash bonuses for opening a new checking account. See the current checking account bonus promotions before they expire.

Chase Business Checking Bonus

Chase is currently offering a $300 bonus for opening a new business checking account. Get the latest Chase business checking promotion you can't miss.

Chase Total Checking Bonus

Need a new checking account? You can get $200 from Chase Bank for signing up for a Total Checking account with direct deposit. Here's how to do it.

Chase Promotions

Chase offers cash bonuses for opening new banking and investment accounts. Get the latest Chase promotions and all the details before they expire.

Chase Coupon

Chase Bank offers bonus cash for opening a new account. View this list to get the best Chase coupon and promotions available now.

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 Savings Rate

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 Account 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.