Discover Bank vs Western Alliance Bank
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Western Alliance 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. There are no service fees.
While Western Alliance Bank offers high-yield savings products through SaveBetter. Through the SaveBetter platform, you can open Western Alliance Bank's savings and CD accounts with just $1 minimum and no monthly fee.
Compare Discover Bank with Western Alliance Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Learn More | |
Discover Bank | Western Alliance Bank | |
|---|---|---|
Discover Online Savings - $200 Cash Bonus - | High Yield Savings Account - 5.26% APY - | |
Benefits and Features | ||
| Savings | ||
| CD | 2.00% to 5.30% APY depending on terms. $2,500 minimum | Up to 5.51%; 3-12 month term CDs. $1 minimum deposit. |
| Checking | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details | |
| Money Market | 4.20% APY under $100,000; 4.25% APY $100,000 or more. $2,500 minimum deposit. | |
| Customer Service | ||
| ATMs | ||
| IRA CD | 12-month CD APY of 5.20%. 18-month CD APY of 5.00%. 24-month CD APY of 4.40%. 5-year CD APY of 4.00%. | |
| Locations | ||
CreditDonkey® Reviews | ||
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| Savings |   | |
| Checking |  | |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| CD | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with high APY rates and good customer service... | Solid bank that offers high APY savings products via Raisin... |
| Visit Site | Learn 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 and data points from published website as of 12/05/2023. Western Alliance Bank: Information sourced from the published website as of 12/04/2023. | ||
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Online Savings Account - Earn 4.35% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: Discover Bank or Western Alliance Bank?
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 Chase.
In short: Discover Bank's customer service and mobile app are outstanding.
Articles on Discover Bank
Discover Savings Review
Discover Savings
Discover CD Rates Reviews
Who Owns Discover
Discover Checking Account Minimum Balance
Discover Checking Account Requirements
Discover Savings vs Money Market
Is Discover Bank a Good and Real Bank
Is Discover Savings Worth It
Discover High Yield Savings Bonus
Articles on Western Alliance Bank
Western Alliance Bank Review
Which Do You Think is Best?
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