Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Discover Bank vs Citibank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Citibank? 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 Citibank has over 600 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

 Discover Bank
Member FDIC
Member FDIC
 Visit SiteLearn More
 

Discover Bank

Citibank

SPECIAL OFFER
Discover® Online Savings - $200 Cash Bonus - Learn More

Read Discover Bank Review

OFFER
Checking with Enhanced Direct Deposit - $300 Cash Bonus

Read Citibank Review

 

Benefits and Features

Savings
4.25% APY
  • CitiĀ® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
  • CitiĀ® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
CD2.00% to 4.70% APY depending on terms. $2,500 minimum
Check
CheckingCashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Check
Money Market4.00% APY under $100,000; 4.05% APY $100,000 or more.
Check
ATMs
Over 60,000 no-fee ATMs
More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
Customer Service
24/7
24/7 Live Customer Service (Telephone)
IRA CD12-month CD APY of 4.70%. 18-month CD APY of 4.40%. 24-month CD APY of 4.00%. 5-year CD APY of 3.75%.
Check
IRA Money Market 
Check
Locations
Online Only
645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.
 

CreditDonkey® Reviews

 Discover Bank
SavingsStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarStarStarStarStarStarEmpty Star
CDStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • High yield
  • No fees
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewLarge national bank best for high balance customers... Read full review
 Visit SiteLearn More

    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 06/14/2024.

    Citibank: Pricing information from published website as of 06/13/2024. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    Discover Bank
    Member FDIC

    Discover® Online Savings - $200 Cash Bonus

    To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

    What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. 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 subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

    Expires 9/12/2024
    Discover Bank
    Member FDIC

    Discover® Online Savings - $150 Cash Bonus

    To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

    What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. 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 subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

    Expires 9/12/2024
    Discover Bank
    Member FDIC

    Online Savings Account - Earn 4.25% APY

    • No fees
    • No minimum opening deposit
    • No minimum balance required

    Which is Better: Discover Bank or Citibank?

    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 Chase.

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


    Articles on Discover Bank

    Discover Bank Review

    Discover® Bank 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 Account Review

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

    Discover CD

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

    Discover High Yield Savings Bonus

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

    Discover Bank Locations

    Wondering if there is a Discover® Bank near you? Read this article to find out.

    Discover Checking Account Fees

    Does Discover® Cashback Debit have any fees? Find out if they are completely fee-free.

    Who Owns Discover

    You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

    Discover Checking Account Minimum Balance

    Discover® Cashback Debit doesn't have a minimum balance. But what's the catch? Read on for all the details.

    Discover Checking Account Requirements

    Discover® checking account offers no monthly fees and a rewarding cashback program. Here's what you need to open an account today.

    Discover Savings vs Money Market

    Discover® Bank 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.

    Articles on Citibank

    Citibank Review

    Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Citibank Open Account

    Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

    Citi Savings Account Interest Rate

    Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

    Citibank Accelerate Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    Which Do You Think is Best?





    Which Bank Account is Right for You?


    You Might Also Like

    How Much Are ATM Fees

    How Much Are ATM Fees

    Felt robbed by ATM fees? Find out just how much cash they're taking from you.
    Banks with No Overdraft Fees

    Banks with No Overdraft Fees

    Banks are slowly starting to ditch overdraft fees. If you're looking to open a new account without overdraft fees, here are some of the top picks.
    Best National Bank

    Best National Bank

    There are over 5,000 FDIC-insured banks in America. How do you choose a good national bank to keep your money safe?
    3 Types of Savings Accounts

    3 Types of Savings Accounts

    Grow your money with a savings account. There are several account types depending on your needs. Learn about the different savings options.
    Best Free Checking Accounts

    Best Free Checking Accounts

    Want to dodge hefty banking fees? Learn about the best free checking accounts in this detailed guide. No hidden charges or high balances needed.
    Wells Fargo Bank Review

    Wells Fargo Bank Review

    Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.
    Bank of America Bank Review
    Bank of America

    Bank of America Bank Review

    Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.
    HSBC Bank Review
    HSBC Bank

    HSBC Bank Review

    HSBC Bank offers a global banking account ideal for those who live and work overseas. Is it right for your needs? Read on for the pros and cons.
    Capital One 360 Review: Pros and Cons

    Capital One 360 Review: Pros and Cons

    Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.
    CIT Bank Review
    CIT Bank

    CIT Bank Review

    CIT Bank offers a high interest rate. But how reliable is this online bank? Read this review to find out if what you heard is true.

    Next Page:

    About CreditDonkey
    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    †Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

    *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

    CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

    About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
    (888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
    © 2024 CreditDonkey Inc. All Rights Reserved.