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 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. There are no service fees.

While Chase is one of the biggest banks in the nation with more than 4,700 branches and over 15,000 ATMs. They offer a variety of banking, loans and investing services.

Compare Discover Bank with Chase, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Discover Bank	Chase

	Visit Site	Visit Site
	SPECIAL OFFER Discover Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review	SPECIAL OFFER Chase Bank $200 Bonus - Learn More Read Chase Review
	Benefits and Features
Savings	4.30% APY	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	2.00% to 5.00% APY depending on terms. $2,500 minimum	Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
Checking	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details	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.
Money Market	4.20% APY under $100,000; 4.25% APY $100,000 or more. $2,500 minimum deposit.
Customer Service	24/7
ATMs	Over 60,000 no-fee ATMs	15,000+ Chase ATMs
IRA CD	12-month CD APY of 5.00%. 18-month CD APY of 5.00%. 24-month CD APY of 4.30%. 5-year CD APY of 4.00%.
Locations	Online Only	Over 4,700
	CreditDonkey® Reviews

Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs	Pros: More than 4,700 branches New customer coupons Full service banking Cons: Low interest rates Not in all states
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	National bank with good promotions for new customers... Read full review
	Visit Site	Visit Site
	Discover Online Savings - $200 Cash Bonus Discover Online Savings - $150 Cash Bonus Online Savings Account - Earn 4.30% APY	Chase Bank $200 Bonus Chase Bank $100 Bonus Chase Business $300 Bonus
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 and data points from published website as of 09/09/2023. Chase: Pricing information and data points from published website as of 09/01/2023.

Member FDIC

Discover Online Savings - $200 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Get Deal

Expires 12/14/2023

Member FDIC

Discover Online Savings - $150 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

Get Deal

Expires 12/14/2023

Member FDIC

Online Savings Account - Earn 4.30% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Member FDIC

Chase Total Checking® - $200 Bonus

Open an Account

Expires 10/18/2023

New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking^® account and set up direct deposit
Access to more than 15,000 Chase ATMs and more than 4,700 branches
Chase Mobile^® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
JPMorgan Chase Bank, N.A. Member FDIC
Open your account online now
Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

Member FDIC

Chase Secure Banking℠ - $100 Bonus

Get $100 Coupon

Expires 10/18/2023

New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
No minimum deposit to open an account and get started.
No overdraft fees with a Chase debit card that helps you stay within your balance.
Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
JPMorgan Chase Bank, N.A. Member FDIC.
Pay bills, cash checks and send money with Zelle^® all for a $4.95 monthly service fee.
Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile^® app and Chase Online℠.

Member FDIC

Chase Business Complete Banking® - $300 Bonus

Get Coupon

Expires 10/19/2023

Earn $300 when you open a new Chase Business Complete Checking^® account. For new Chase business checking customers with qualifying activities.
Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink^® Business credit card.
Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle^®, Online Bill Pay, wire transfers and ACH payments.
Convenient access to payment processing. Process all major debit and credit cards with QuickAccept^®. It's a built-in feature with your Business Complete Checking account.
Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
Trusted and secure financial partner. We're committed to helping you grow and protect your business.

Which is Better: Discover Bank or Chase?

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

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

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

Make your money work with Discover high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

Discover CD Review

Maximize returns with Discover Bank's lucrative CD rates - no hidden fees. Read this detailed review.

Discover Savings vs Money Market

Discover boasts solid rates for both their money market and savings accounts. Find out which one is more suited for you.

Is Discover a Real Bank

Looking for a safe bank with great rates? This analysis of Discover Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover savings account? Get your answers now.

Discover Savings Account Bonus

Earn up to $200 bonus by opening a Discover Online Savings Account. Find out how to qualify with the correct bonus.

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 Bank Offers

What promotions does Chase have right now? Find out how much you can earn and how to qualify for the latest Chase bank promotions.

Chase Total Checking Bonus

Chase Total Checking is offering $200 for opening a new account. Find out how to qualify for the bonus below.

Chase Business Checking $300 Bonus

Chase Business Complete Banking offers a $300 bonus for new customers with qualifying activities. Find out how to get this business checking promotion.