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Discover Bank vs Chase

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Chase? Read our comparison chart below.

 Discover BankChase
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Discover Bank

Chase

SPECIAL OFFER
Online Savings Account - Earn 2.10% APY - Learn More

Read Discover Bank Review

SPECIAL OFFER
Chase Total Checking® + Chase Savings℠ - Learn More

Read Chase Review

 

Benefits and Features

Savings2.10% APY. No fees and no minimum deposit.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.
CD0.35% to 3.05% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.50%. 5-year CD APY of 2.85%. Minimum deposit of $2,500 to open.Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
CheckingEarn 1% cashback on up to $3,000 in debit card purchases each month. No fees and no minimum deposit.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, for up to 5 years. $25 to open.
Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Money Market1.95% APY under $100,000; 2.00% APY $100,000 or more. No fees. $2,500 minimum deposit. 
Customer Service
24/7
24/7 by phone
ATMs
Over 60,000 no-fee ATMs
Over 16,000 Chase ATMs nationwide
IRA CD12-month CD APY of 2.50%. 24-month CD APY of 2.60%. 5-year CD APY of 2.85%. 
Locations
Online Only
Nearly 5,000 branches
 

CreditDonkey® Reviews

 Discover BankChase
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • Nearly 5,000 branches
  • New customer promotions
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewNational bank with good promotions for new customers... 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.

Discover Bank: Pricing information from published website as of 07/11/2019

Chase: Pricing information from published website as of 7/11/2019

Which is Better: Discover Bank or Chase?

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

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


Articles on Discover Bank


Articles on Chase

    Chase Bank

    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 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 Savings Account

    Chase Savings Account has a promotion for new customers and is FDIC insured. But are the fees, interest rate and transfer limit worth it? Read this review before you open an account.

    Chase Private Client

    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 College Checking Review

    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.

    Open 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.

Which Do You Think is Best?

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Chase Total Business Checking

Chase Total Business checking account is a great option for small and growing businesses. But there are some drawbacks. Is it worth it for your company? Read on.

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