Discover Bank vs Ponce Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Ponce 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. There are no service fees.

While Ponce Bank was founded in the Bronx in 1960 by Puerto Rican migrants, at a time when traditional banks had abandoned the neighborhood. Today, they are a proud certified Minority Depository Institution and Community Development Financial Institution (CDFI), and remain dedicated to serving financially-vulnerable communities.

Their not-for-profit, The Ponce de Leon Foundation, supports local initiatives in affordable housing, education, healthcare, and more.

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

	Discover Bank	Ponce Bank
	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More Read Discover Bank Review	SPECIAL OFFER 6-Month High-Yield CD - 4.00% APY - Learn More Read Ponce Bank Review
	Benefits and Features
Savings	3.40% APY
CD	2.00% to 4.00% APY depending on terms	3-Month High-Yield CD - 4.10% APY 4-Month High-Yield CD - 4.10% APY 4 Month No-Penalty CD - 4.00% APY 6-Month High-Yield CD - 4.00% APY 1-Month High-Yield CD - 3.00% APY 9-Month High-Yield CD - 3.00% APY 48-Month High-Yield CD - 1.61% APY 13-Month High-Yield CD - 1.31% APY 11-Month High-Yield CD - 1.21% APY
Mobile App	iOS & Android
ATMs	Over 60,000 no-fee ATMs
Customer Service	24/7
Locations	Online Only	14 branch locations
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
CD
Fees
Pros & Cons	Pros: High yield No fees 24/7 customer service	Pros: Various savings options Low monthly fees Wide ATM network Cons: Limited physical location
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	Community bank that offers several high-yield savings options through Raisin... Read full review
	Visit Site	Visit Site
	Online Savings Account - Earn 3.40% APY Certificate of Deposit Discover® CD Rates	6-Month High-Yield CD - 4.00% APY 48-Month High-Yield CD - 1.61% APY 13-Month High-Yield CD - 1.31% APY
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 09/30/2025. Ponce Bank: Pricing information from published website as of 10/03/2025.

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
4.00% APY for 12-month term
3.80% APY for 18-month term
3.60% APY for 24-month term
3.60% APY for 36-month term
3.60% APY for 5-year term

Learn More

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	4.00% APY
1.5 Years	3.80% APY
2 Years	3.60% APY
2.5 Years	3.60% APY
3 Years	3.60% APY
4 Years	3.60% APY
5 Years	3.60% APY
7 Years	3.50% APY
10 Years	3.50% APY

Learn More

Which is Better: Discover Bank or Ponce 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 Wells Fargo.

In short: Discover Bank's savings is worth mentioning.

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.