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Discover Bank vs Mercury

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

 Discover Bank
 Visit SiteLearn More
 

Discover Bank

Mercury

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

Read Discover Bank Review

SPECIAL OFFER
Banking for Startups - Learn More

 

Benefits and Features

Savings
3.30% APY
1 free savings account; more upon request
CD2.00% to 4.30% APY. Terms of 3 months to 10 years. $2,500 minimum 
CheckingCashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for detailsNo monthly fees; no balance requirements
Money Market3.20% APY under $100,000; 3.25% APY $100,000 or more. $2,500 minimum deposit. 
APY 
N/A
Customer Service
24/7
Email only
Minimum Deposit to Open 
$0
ACH Transfer Fee 
$0
ATMs
Over 60,000 no-fee ATMs
55,000+ Allpoint ATMs
Balance Requirement 
None
Cash Deposit Fee 
N/A
Incoming Wire Transfer Fee 
$0
IRA CD12-month CD APY of 4.25%. 24-month CD APY of 4.30%. 5-year CD APY of 4.30%. 
Locations
Online Only
Online only
Out of Network ATM Fee 
$0
Outgoing Wire Transfer Fee 
$0
Overdraft Fee 
$0
Monthly Fee 
$0
 

CreditDonkey® Reviews

 Discover Bank
SavingsStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf Star
Customer ServiceStarStarStarStarStar
Mobile AppStarStarStarStarStar
Pros & ConsPros:
  • High yield
  • No fees
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineSolid online bank with high APY rates and good customer service... Read full review
 Visit SiteLearn More

Banking for Startups

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 11/10/2022

Discover Bank
Member FDIC

Discover Online Savings - $200 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY323 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. 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 interest and subject to reporting on Form 1099-INT. Offer ends 3/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 3/15/2023
Discover Bank
Member FDIC

Discover Online Savings - $150 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY323 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. 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 interest and subject to reporting on Form 1099-INT. Offer ends 3/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 3/15/2023
Discover Bank
Member FDIC

Online Savings Account - Earn 3.30% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required

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.


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 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.

Is Discover a Real Bank

Discover Bank promises great rates and no fees. But is it actually a good and safe bank? Find out if it is a real and legit bank.

Is Discover Savings Worth It

Looking for a better place to keep your money safe? Find out if a Discover Online Savings Account is worth it for you.

Discover Savings Bonus

You could earn $150 or $200 when you open a Discover Online Savings Account. Find out how to qualify for this Discover Bank promotion.

Which Do You Think is Best?





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