Discover Bank vs Lili
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Lili? 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 Lili is designed for sole proprietors and single-member LLCs. It helps you prepare for taxes with a write-off tracker, automated tax savings, and pre-filled tax forms. The Lili basic account has no monthly fees or minimums.
Compare Discover Bank with Lili, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
Discover Bank | Lili | |
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Online Savings Account - Earn 4.25% APY - | Free Checking Account for Sole Proprietors and Single-Member LLC - | |
Benefits and Features | ||
Savings | Emergency Bucket for all users; Lili Pro users also get an Emergency Bucket with 4.15% APY | |
CD | 2.00% to 4.70% APY depending on terms. $2,500 minimum | |
Checking | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details | No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees |
Monthly Fee | ||
Money Market | 4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit. | |
APY | ||
Minimum Deposit to Open | ||
ACH Transfer Fee | ||
ATMs | ||
Balance Requirement | ||
Cash Deposit Fee | ||
Customer Service | ||
Incoming Wire Transfer Fee | ||
IRA CD | 12-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 | ||
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | ||
Overdraft Fee | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Minimum Deposit | ||
Fees | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Solid online bank with high APY rates and good customer service... | Mixed-use account for small business owners to help manage expenses and taxes... |
Visit Site | Visit Site | |
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 03/15/2024. |
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Online Checking Account - Earn Cash Back
- 1% cash back on up to $3,000 in debit card purchases each month. See website for details
- No fees
- Early Pay - Get your paycheck up to two days early with no charge
- No credit impact - You can apply without affecting your credit score.
- Access to over 60,000 no-fee ATMs in the U.S.
Discover® Cashback Checking – Up to $30/Month Cashback
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.
Free Checking Account for Sole Proprietors and Single-Member LLC
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at 38,000+ locations
- Automatic Savings
- Get paid up to 2 days early
Free Checking Account for Sole Proprietors and Single-Member LLC
- $0 monthly service fees
- $0 minimum opening deposit
- No minimum balance requirement
- No foreign exchange fee
- Get direct deposits up to 2 days earlier
Free Checking Account for Sole Proprietors and Single-Member LLC
- $0 monthly service fees
- Automatic Savings
- Free withdrawals at 38k ATMs
- Get direct deposits up to 2 days earlier
- No foreign transaction fees
Which is Better: Discover Bank or Lili?
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 and customer service are worth mentioning. In particular, the customer service is outstanding. Lili's checking is outstanding.