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. There are no service fees.

While Lili is built for small business owners, offering a platform that combines business banking, accounting, invoicing, and tax preparation tools in one place. The basic account has no monthly fees or minimum balance requirements.

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

	Discover Bank	Lili
	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More Read Discover Bank Review	SPECIAL OFFER Free Checking Account for Small Business Owners - Learn More Read Lili Review
	Benefits and Features
Savings	3.40% APY	Emergency Bucket for Lili Basic users; Lili Pro users get Savings with 3.00% APY on balances up to $1,000,000
CD	2.00% to 4.05% APY depending on terms
Checking		No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees
Monthly Fee		$0
APY		N/A
Minimum Deposit to Open		$0
Mobile App	iOS & Android
ACH Transfer Fee		$0
ATMs	Over 60,000 no-fee ATMs	approximately 40,000 MoneyPass ATMs
Balance Requirement		$0
Cash Deposit Fee		Up to $4.95
Customer Service	24/7	Monday–Friday, 9 AM–8 PM EST
Incoming Wire Transfer Fee		$0 ($15 for international)
Locations	Online Only	Online only
Out of Network ATM Fee		$2.50 ($5 for international)
Outgoing Wire Transfer Fee		$15 ($25 for international)
Overdraft Fee		$0
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
Minimum Deposit
Fees
Pros & Cons	Pros: High yield No fees 24/7 customer service	Pros: No monthly fees Expense tracking Save for taxes Cons: Best features only for paid Lili plans Fee to deposit cash
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	All-in-one account for small business owners to manage expenses and taxes... Read full review
	Visit Site	Visit Site
	Online Savings Account - Earn 3.40% APY Certificate of Deposit Discover® CD Rates	Free Checking Account for Small Business Owners Lili Pro Business Checking
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 10/23/2025.

Member FDIC

Online Savings Account - Earn 3.40% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Member FDIC

Certificate of Deposit

3.50% APY for 6-month term
4.05% APY for 12-month term
3.70% APY for 18-month term
3.50% APY for 24-month term
3.50% APY for 36-month term
3.50% APY for 5-year term

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Member FDIC

Discover® CD Rates

No minimum opening deposit required
No fees
FDIC insured

Term	CD Rates
3 Months	2.00% APY
6 Months	3.50% APY
9 Months	3.50% APY
1 Year	4.05% APY
1.5 Years	3.70% APY
2 Years	3.50% APY
2.5 Years	3.50% APY
3 Years	3.50% APY
4 Years	3.50% APY
5 Years	3.50% APY
7 Years	3.50% APY
10 Years	3.50% APY

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Free Checking Account for Small Business Owners

Sign up in 3 minutes; no credit check
No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
Automatic Savings
Get paid up to 2 days early

Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC

Get Started

Free Checking Account for Small Business Owners

$0 monthly service fees
$0 minimum opening deposit
No minimum balance requirement
No foreign exchange fee
Get direct deposits up to 2 days earlier

Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC

Get Started

Free Checking Account for Small Business Owners

$0 monthly service fees
Automatic Savings
Free withdrawals at approximately 40,000 ATMs
Get direct deposits up to 2 days earlier
No foreign transaction fees

Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC

Get Started

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 Wells Fargo.

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

Articles on Discover Bank

Discover Savings 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 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.