Discover Bank vs Regions Bank
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Regions 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 and have a minimum deposit of $2,500. There are no service fees.
While Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.
Compare Discover Bank with Regions Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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 |  | |
Discover Bank | Regions Bank | |
|---|---|---|
Discover Online Savings - $200 Cash Bonus - | LifeGreen Savings Account – Up to $100 Annual Savings Bonus - | |
Benefits and Features | ||
| Savings | ||
| CD | 0.50% to 2.90% APY. Terms of 3 months to 10 years. $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 | |
| Money Market | 1.00% APY under $100,000; 1.05% APY $100,000 or more. $2,500 minimum deposit. | |
| Customer Service | 24/7 Telephone Customer Service | |
| ATMs | More than 1900 ATMs in 15 Southern and Midwestern US states. | |
| IRA CD | 12-month CD APY of 1.90%. 24-month CD APY of 2.25%. 5-year CD APY of 2.90%. |  |
| IRA Money Market | ||
| Locations | More than 1500 branches in 16 Southern and Midwestern US states. | |
CreditDonkey® Reviews | ||
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| Savings |   |  |
| Checking | | |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| CD | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with high APY rates and good customer service... | South and Midwest bank with special reward programs... |
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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 06/30/2022 Regions Bank: Pricing information from published website as of 03/9/2022 based on 35203 zip code. | ||
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.
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.
Online Savings Account - Earn 1.10% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: Discover Bank or Regions 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 Chase.
In short: Discover Bank's money market, customer service, and mobile app are worth mentioning. In particular, the customer service and mobile app are outstanding.
Articles on Discover Bank
Discover Bank
Discover Savings
Discover CD Review
Is Discover Savings Worth It
Discover Savings Bonus
Articles on Regions Bank
Regions Bank Review
Which Do You Think is Best?
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