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 Santander Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Santander 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. In addition, Discover offers checkback checking. There are no service fees.

While Santander Bank has over 600 branches in the Northeast. Offers a range of checking and savings accounts, with simple requirements to waive service fees. High balance customers can earn higher interest. Their CDs offer high a APY with $500 minimum opening deposit.

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

 Discover Bank
 Visit SiteLearn More
 

Discover Bank

Santander Bank

SPECIAL OFFER
Online Savings Account - Earn 0.60% APY - Learn More

Read Discover Bank Review

SPECIAL OFFER
Personal Checking Account - $225 Bonus - Learn More

Read Santander Bank Review

 

Benefits and Features

Savings
0.60% APY
0.03% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account.
CD0.25% to 0.80% APY. Terms of 3 months to 10 years. 12-month CD APY of 0.60%. Minimum deposit of $2,500 to open.0.40% - 2.25% APY. Terms ranging from 3 months to 5 years. Minimum deposit of $500, with Santander Checking Account.
CheckingEarn 1% cashback on up to $3,000 in debit card purchases each month 
Money Market0.45% APY under $100,000; 0.50% APY $100,000 or more. $2,500 minimum deposit.0.10% - 0.25% APY. Must be Santander Premier Plus Checking Account holder. Minimum deposit of $25. No monthly fee.
Customer Service
24/7
Mon-Sun 8:00 am - 8:00 pm (ET) (excluding Christmas Day)
ATMs
Over 60,000 no-fee ATMs
Over 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locations
IRA CD12-month CD APY of 0.60%. 24-month CD APY of 0.65%. 5-year CD APY of 0.80%. 
Locations
Online Only
Over 575 branches in the US
 

CreditDonkey® Reviews

 Discover Bank
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & ConsPros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • Easy to waive monthly fees
  • High APY for CDs
  • Free student checking
Cons:
  • Low interest for Premier Plus Checking
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewNortheastern bank with low requirements to waive fees... Read full review
 Visit SiteLearn More

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 from published website as of 9/18/2020

Santander Bank: Pricing information from published website as of 10/16/2020 based on 91107 zip code.

Which is Better: Discover Bank or Santander Bank?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Discover Bank or Chase.

In short: Discover Bank's savings, money market, and customer service are worth mentioning. In particular, the money market and customer service are outstanding.


Articles on Discover Bank


Articles on Santander Bank


Which Do You Think is Best?

Name
Email (won't be published)


Compare Discover Bank to:


You might also be interested in

Banking for International Students

If you've traveled thousands of miles to study in the U.S., you may be feeling a little bit of culture shock.

Compare Santander Bank to:


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 | Terms | Contact Us
© 2020 CreditDonkey