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.
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Discover Bank | Citizens Bank | |
|---|---|---|
Discover Online Savings - $200 Cash Bonus - | Checking and Savings Account - $600 Bonus - | |
Benefits and Features | ||
| Savings | Several types of Savings accounts. 0.01% - 0.07% 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 | 0.35% to 1.80% APY. Terms of 3 months to 10 years. 12-month CD APY of 1.75%. Minimum deposit of $2,500 to open. | Several types of CD accounts. Terms ranging from 11 - 24 months. 0.10% - 1.30% 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 | 1.35% APY under $100,000; 1.40% APY $100,000 or more. $2,500 minimum deposit. | Several types of Money Market accounts. 0.01% - 0.10% 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 Telephone Customer Service | |
| ATMs | More than 3100 ATMs across 11 states. | |
| IRA CD | 12-month CD APY of 1.75%. 24-month CD APY of 1.75%. 5-year CD APY of 1.80%. | Terms ranging from 1 - 120 months. Minimum opening deposit $250. No monthly maintenance fee. |
| Locations | More than 1100 branches across the country | |
CreditDonkey® Reviews | ||
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| CD | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with high APY rates and good customer service... | East Coast bank with solid deposit products to help meet goals... |
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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 3/12/2020 Citizens Bank: Pricing information from published website as of 03/28/2020 based on 10011 zip code. | ||
Which is Better: Discover Bank or Citizens Bank?
Still need help deciding which bank 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 outstanding.
Articles on Discover Bank
Discover Bank
Discover Savings Bonus
Discover Savings Review
Discover Checking Review
Discover CD Rates
Articles on Citizens Bank
Citizens Bank Review
Which Do You Think is Best?
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 How to Open CIT Bank ApplicationOpening an account with CIT Bank is simple. Take a look at what you'll need and check out your account options in our guide. | ||