Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Discover Bank vs Quontic

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

 Discover BankQuontic
 Visit SiteVisit Site
 

Discover Bank

Quontic

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

Read Discover Bank Review

SPECIAL OFFER
CD Rates - Up to 2.20% APY - Learn More

Read Quontic Review

 

Benefits and Features

Savings
1.50% APY
High Yield Savings: 1.85% APY
CD0.50% to 3.20% APY. Terms of 3 months to 10 years. $2,500 minimum1.15% to 2.20% APY; Terms of 6 months to 5 years; $500 minimum
CheckingCashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for detailsHigh Interest Checking: Up to 1.10% APY
Cash Rewards Checking: 1.5% cashback
Bitcoin Rewards Checking: 1.5% Bitcoin
Money Market1.40% APY under $100,000; 1.45% APY $100,000 or more. $2,500 minimum deposit.
1.85% APY
Customer Service
24/7
 
ATMs
Over 60,000 no-fee ATMs
 
IRA CD12-month CD APY of 2.30%. 24-month CD APY of 2.60%. 5-year CD APY of 3.20%. 
Locations
Online Only
 
 

CreditDonkey® Reviews

 Discover BankQuontic
SavingsStarStarStarStarHalf StarStarStarStarStarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarHalf Star
Money MarketStarStarStarStarHalf Star
Customer ServiceStarStarStarStarStarStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarStarEmpty Star
Pros & ConsPros:
  • High yield
  • No fees
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • No monthly service fee
  • High interest rate
  • Bitcoin rewards account
Cons:
  • Basic mobile app
  • $5/mo inactivity fee
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewInnovative digital bank offering checking accounts with high rewards... Read full review
 Visit SiteVisit 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 07/12/2022

Quontic: Pricing information from published website as of 07/13/2022

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, by phone or Discover App). Enter Offer Code CY622 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 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 09/15/2022, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 9/15/2022
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, by phone or Discover App). Enter Offer Code CY622 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 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 09/15/2022, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 9/15/2022
Discover Bank
Member FDIC

Online Savings Account - Earn 1.50% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
Quontic
Member FDIC

CD Rates - Up to 2.20% APY

  • $500 minimum opening deposit
  • FDIC insured
TermCD Rates
6 Months1.15% APY
1 Year1.76% APY
2 Years1.95% APY
3 Years2.05% APY
5 Years2.20% APY
Quontic
Member FDIC

High Interest Checking - Up to 1.10% APY

  • Earn up to 1.10% APY
  • $100 minimum opening deposit
  • APY is based on the account balance and making at least 10 qualifying debit card point-of-sale transactions of $10.00 or more per statement cycle.
Quontic
Member FDIC

High Yield Savings - 1.85% APY

  • 1.85% APY
  • $100 minimum opening deposit
  • No monthly service fees

Which is Better: Discover Bank or Quontic?

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 mobile app is outstanding.


Articles on Discover Bank

Discover Savings 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 Savings 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.

Articles on Quontic

Is Quontic Bank Legit

Is Quontic Bank safe and secure? Find out how Quontic protects your account and learn about common customer complaints.

Quontic Bank Review

Quontic Bank aims to provide a better experience (and rewards) for those underserved by traditional banks. Review the rates, fees, and customer reviews.

Which Do You Think is Best?





You Might Also Like

Best Joint Checking Accounts

Best Joint Checking Accounts

Review the best joint checking accounts for any purpose — for business partners, parents and teens, and even crypto enthusiasts — in this in-depth review.
3 Types of Savings Accounts

3 Types of Savings Accounts

Grow your money with a savings account. There are several account types depending on your needs. Learn about the different savings options.
Best Free Checking Accounts

Best Free Checking Accounts

Banking doesn't have to be expensive. Here is a list of good free checking accounts without outrageous fees or high balance requirements.
Best Money Market Rates

Best Money Market Rates

Good money market accounts offer high interest rates with more flexibility. Here are the safest money market accounts to earn the most interest.
Best Online Savings Account

Best Online Savings Account

Good online savings accounts have a high interest rate, flexibility and are fully secured. Here are the best banks to consider.

Next Page:

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.