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. There are no service fees.

While Regions Bank has 1,250+ 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.

	Discover Bank	Regions Bank
	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More Read Discover Bank Review	SPECIAL OFFER LifeGreen Business Checking® - Learn More
	Benefits and Features
Savings	3.40% APY	0.01% APY
CD	2.00% to 3.85% APY depending on terms	0.01% APY (Up to 3.80% APY for Promotional Relationship)
Mobile App	iOS & Android
ATMs	Over 60,000 no-fee ATMs	2,000+ ATMs in 15 Southern and Midwestern US states.
Customer Service	24/7	24/7 Telephone Customer Service
IRA CD
Locations	Online Only	1,250+ branches in 15 Southern and Midwestern US states.
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: High yield No fees 24/7 customer service
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review
	Visit Site	Learn More
	Online Savings Account - Earn 3.40% APY Certificate of Deposit Discover® CD Rates	LifeGreen Business Checking® LifeGreen Savings Account – Up to $100 Annual Savings Bonus Regions Now Savings Account – Up to $100 Annual Savings Bonus
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. Regions Bank: Pricing information from published website as of 10/26/2025 based on 35203 zip code.

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
3.85% 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	3.85% 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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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.

Articles on Discover Bank

Discover Bank

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

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.