Discover Bank vs SunTrust Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to SunTrust 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 SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.

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

	Discover Bank	SunTrust Bank
	SPECIAL OFFER Discover Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review	SPECIAL OFFER SunTrust Business Checking Account - $200 Bonus - Learn More Read SunTrust Bank Review
	Benefits and Features
Savings	1.60% APY	0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.
CD	0.35% to 2.20% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.00%. Minimum deposit of $2,500 to open.	1.50% APY. Terms ranging from 6 months - 24 months. $2000 minimum opening deposit.
Checking	Earn 1% cashback on up to $3,000 in debit card purchases each month
Money Market	1.45% APY under $100,000; 1.50% APY $100,000 or more. $2,500 minimum deposit.	Minimum opening deposit $100. Monthly maintenance fee $17 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained.
Customer Service	24/7	24/7 Telephone and Automated Customer Service
ATMs	Over 60,000 no-fee ATMs	More than 2000 ATMs across 11 southeastern states and Washington DC.
IRA CD	12-month CD APY of 2.00%. 24-month CD APY of 2.05%. 5-year CD APY of 2.10%.	Terms ranging from 1 - 10 years.
Locations	Online Only	1400 bank branches across 11 southeastern states and Washington D.C.
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & Cons	Pros: High yield Cashback checking 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs	Pros: High APY for CDs Free student account Good customer service Cons: No free checking option Low savings APY Limited branches
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	Southeastern regional bank known for good customer service... Read full review
	Discover Online Savings - $200 Cash Bonus Discover Online Savings - $150 Cash Bonus Online Savings Account - Earn 1.60% APY	SunTrust Business Checking Account - $200 Bonus SunTrust Essential Checking Account - $200 Bonus Select Savings – Up to $25 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 from published website as of 1/30/2020 SunTrust Bank: Pricing information from published website as of 2/15/2020 based on 91107 zip code.

Which is Better: Discover Bank or SunTrust 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, checking, money market, customer service, and mobile app are worth mentioning. In particular, the money market, customer service, and mobile app are outstanding.

Articles on Discover Bank

Discover Bank
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.
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Discover Savings Bonus
Discover Bank now has a bonus promo for opening your first savings account, plus a % APY and no fees. Find out how to qualify for the Discover Savings bonus.
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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 Bank vs Marcus
Discover Checking Review
With Discover Bank's Cashback Debit account, you'll pay no fees and earn money for purchases. Learn more about these benefits—and some downsides—in our guide.
Discover CD Rates
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.

Articles on SunTrust Bank

SunTrust Bank Review
If customer service ranks high on your list, SunTrust Bank may be one you want to check out. While they offer interest rates comparable to most "big banks," they do offer that warm, fuzzy feeling some people look for in a bank.
• SunTrust Bank vs Regions Bank

Which Do You Think is Best?

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