Discover Bank vs Citizens Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Citizens Bank? 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. In addition, Discover offers checkback checking. There are no service fees.

While Citizens Bank has over 1,100 branches on the East Coast. It offers a wide range of banking products and services, as well as financial tools to keep you on track. The GoalTrack Savings program offers gift card incentives for reaching your savings goals.

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

	Discover Bank	Citizens Bank


	SPECIAL OFFER Online Savings Account - Earn 0.40% APY - Learn More Read Discover Bank Review	SPECIAL OFFER Personal Checking Account - $300 Bonus - Learn More Read Citizens Bank Review
	Benefits and Features
Savings	0.40% APY	Several types of Savings accounts. 0.01% - 0.02% APY. No minimum opening deposit. $4.99 monthly maintenance fee, unless you have a minimum daily balance of $200 in your account, or have a qualifying Citizens Bank checkings account.
CD	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.	Several types of CD accounts. Terms ranging from 10 - 25 months. 0.05% APY. Some APY rates may require qualifying Citizens Bank Checking Account. Minimum opening deposit $1000 for all accounts.
Checking	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.	Several types of Money Market accounts. 0.01% - 0.03% APY. No minimum opening deposit. Monthly maintenance fee of $10, unless you have a minimum daily balance of $2500. Other Money Market accounts have no monthly maintenance fee but require qualifying Citizens Bank Checking Account.
Customer Service	24/7	24/7 Telephone Customer Service
ATMs	Over 60,000 no-fee ATMs	More than 3100 ATMs across 11 states.
IRA CD	12-month CD APY of 0.50%. 24-month CD APY of 0.50%. 5-year CD APY of 0.60%.	Terms ranging from 1 - 120 months. Minimum opening deposit $250. No monthly maintenance fee.
Locations	Online Only	Approximately 1,018 branches across the country
	CreditDonkey® Reviews

Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & Cons	Pros: High yield Cashback checking 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs	Pros: One Deposit Checking GoalTrack Savings 24/7 customer service Cons: Low APY Heavy overdraft fees Limited branches
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	East Coast bank with solid deposit products to help meet goals... Read full review

	Online Savings Account - Earn 0.40% APY Online Checking Account - Earn Cash Back Certificate of Deposit	Personal Checking Account - $300 Bonus Personal Checking Account - $400 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 01/28/2021 Citizens Bank: Pricing information from published website as of 7/23/2021. based on 10011 zip code.

Member FDIC

Online Savings Account - Earn 0.40% APY

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No fees
No minimum opening deposit
No minimum balance required

Which is Better: Discover Bank or Citizens Bank?

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 money market and mobile app are worth mentioning. In particular, the mobile app is outstanding.

Articles on Discover Bank

Discover Bank Review

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 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.

Discover Bank vs Marcus

Discover CD Rates Reviews

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.

Articles on Citizens Bank

Citizens Bank Review

Are you looking for a bank that will not only keep your money, but also help push you to meet your financial goals? If so, you may want to consider Citizens Bank.