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 TCF Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to TCF 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 TCF Bank has 320 branches mostly in the Midwest. Offers several checking options, including a no-fee checking and specialty accounts for teens, students, and seniors. Savings account fees can be waived with relatively low balance requirements. CDs require $500 to open.

Compare Discover Bank with TCF Bank, side-by-side.

 Discover Bank
 Visit SiteLearn More
 

Discover Bank

TCF Bank

SPECIAL OFFER
Online Savings Account - Earn 0.50% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

Savings
0.50% APY
0.01% APY. Minimum deposit of $25 - $50, depending on account. May have monthly maintenance fee of $0 - $10, depending on account. Can be waived with minimum balance of $100 or $1000, depending on account.
CD0.20% to 0.60% APY. Terms of 3 months to 10 years. 12-month CD APY of 0.50%. Minimum deposit of $2,500 to open.0.05% - 0.25% APY. Slightly higher APY rates with a TCF Checking Account. Terms ranging from 3 months - 120 months. $500 minimum opening deposit.
CheckingEarn 1% cashback on up to $3,000 in debit card purchases each month 
Money Market0.35% APY under $100,000; 0.40% APY $100,000 or more. $2,500 minimum deposit.0.01% APY. $50 minimum opening deposit. $10 monthly maintenance fee, unless you have $1500 minimum balance.
Customer Service
24/7
24/7 Telephone Customer Service
ATMs
Over 60,000 no-fee ATMs
836 ATMs across Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, and South Dakota.
IRA CD12-month CD APY of 0.50%. 24-month CD APY of 0.50%. 5-year CD APY of 0.60%.0.05% - 0.25% APY. Slightly higher APY rates with a TCF Checking Account. Terms ranging from 3 months - 120 months. $500 minimum opening deposit.
Locations
Online Only
320 branches across Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, and South Dakota.
 

CreditDonkey® Reviews

 Discover Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineSolid online bank with high APY rates and good customer service... 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 11/6/2020

TCF Bank: Pricing information from published website as of 11/27/2020 based on 55441 zip code.

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.


Articles on Discover Bank


Which Do You Think is Best?

Name
Email (won't be published)


Compare Discover Bank to:


You might also be interested in

Best National Bank

National banks offer a wide range of services and convenient access to branches and ATMs. Read on for the best national bank for your money.

Compare TCF 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