Discover Bank vs US Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to US 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 US Bank has 3,000 branches across 26 states. It has somewhat high minimum balance requirements to waive monthly checking account service fees. Their promotional CD Special offers high interest rates with a $1,000 minimum opening deposit.

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

	Discover Bank	US Bank
	SPECIAL OFFER Online Savings Account - Earn 1.15% APY - Learn More Read Discover Bank Review	SPECIAL OFFER Consumer Checking Account - $300 Bonus - Learn More Read US Bank Review
	Benefits and Features
Savings	1.15% APY	0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance.
CD	0.35% to 1.25% APY. Terms of 3 months to 10 years. 12-month CD APY of 1.01%. Minimum deposit of $2,500 to open.	Standard Term CD: 0.05% - 0.60% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 0.25% - 1.00% APY. Terms of 11, 19, 27 and 59 months. Minimum deposit of $1,000. Maximum deposit $249,999.
Checking	Earn 1% cashback on up to $3,000 in debit card purchases each month
Money Market	0.99% APY under $100,000; 1.05% APY $100,000 or more. $2,500 minimum deposit.	0.01% - 0.05% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 minimum daily ledger balance.
Customer Service	24/7	24/7 Live Customer Service (Telephone)
ATMs	Over 60,000 no-fee ATMs	More than 4,700 ATMs across the country
IRA CD	12-month CD APY of 1.01%. 24-month CD APY of 1.10%. 5-year CD APY of 1.25%.
IRA Money Market		Minimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees.
Locations	Online Only	More than 3000 branches across the country.
	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: Promo CD with high APY Free student account 24/7 customer service Cons: High minimums to waive fees Low savings APY
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	Big national bank with wide array of services and many account options... Read full review
	Online Savings Account - Earn 1.15% APY Certificate of Deposit Online Checking Account - Earn Cash Back	Consumer Checking Account - $300 Bonus
What Others View		Chase
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 5/29/2020 US Bank: Pricing information from published website as of 05/30/2020 based on 91107 zip code.

Which is Better: Discover Bank or US 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, and money market are worth mentioning. In particular, the money market is 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.
• Discover Bank vs Ally Bank
• Discover Bank vs Chase
• Discover Bank vs Capital One
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 Charles Schwab Bank
• Discover Bank vs Wells Fargo
• Discover Bank vs Bank of America
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 Bank vs Marcus
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 US Bank

US Bank Review
U.S. Bank is the country's fifth largest bank, but does that make them a bank that will suit your banking needs? Do you need one of the country's largest banks or is a smaller bank more your style?
• US Bank vs Citibank
US Bank Routing Number
To transfer money in or out of your US Bank checking or savings account, you'll need the right routing number. Find your US Bank routing number below.

Which Do You Think is Best?

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