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Discover Bank vs Customers Bank

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

 Discover Bank
Member FDIC
Customers Bank
 Visit SiteLearn More
 

Discover Bank

Customers Bank

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

Read Discover Bank Review

SPECIAL OFFER
High-Yield Savings Account - 4.76% APY - Learn More

Read Customers Bank Review

 

Benefits and Features

Savings
4.25% APY
4.76% APY
CD2.00% to 4.70% APY depending on terms. $2,500 minimum3.60% to 4.35% APY. Terms of 24 to 60 months. $500 minimum to open
CheckingCashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for detailsUp to 2.00% APY. $50 to open, no balance required, no monthly fees.
Money Market4.00% APY under $100,000; 4.05% APY $100,000 or more. 
ATMs
Over 60,000 no-fee ATMs
 
Customer Service
24/7
 
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%. 
Locations
Online Only
 
 

CreditDonkey® Reviews

 Discover BankCustomers Bank
SavingsStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStarStarStarHalf StarEmpty StarEmpty Star
CDStarStarStarStarEmpty Star
Pros & ConsPros:
  • High yield
  • No fees
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • Competitive rates
  • No monthly fees
  • Access to physical branches
Cons:
  • Wire transfer fees
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewSolid bank that offers an interest-earning checking account and savings options with good APY... 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.

Customers Bank: Pricing information from published website as of 06/14/2024.

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
Customers Bank

High-Yield Savings Account - 4.76% APY

  • $1 minimum deposit
  • No fees
  • 24/7 online access to funds
  • FDIC insured

Which is Better: Discover Bank or Customers 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 savings, mobile app, and customer service are worth mentioning. In particular, the mobile app and customer service are 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 Savings Account 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 Bank a Good and 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 Customers Bank

Customers Bank Review

Customers Bank boasts several interest-earning accounts with good APYs. Read on for all the details.

Which Do You Think is Best?





Which Bank Account is Right for You?


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