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. There are no service fees.
While Western Alliance Bank offers high-yield savings products and CD accounts.
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 | Visit Site | |
Discover Bank | Western Alliance Bank | |
|---|---|---|
Discover® Online Savings - $200 Cash Bonus - | High Yield Savings Account - 4.25% APY - | |
Benefits and Features | ||
| Savings | ||
| CD | 2.00% to 4.00% APY depending on terms | Up to 4.30%; 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 | 3.50% APY under $100,000; 3.55% APY $100,000 or more. | |
| ATMs | ||
| Customer Service | ||
| IRA CD | 9-month CD APY of 4.00%. 12-month CD APY of 4.00%. 18-month CD APY of 3.80%. 24-month CD APY of 3.80%. 5-year CD APY of 3.50%. | |
| Locations | ||
CreditDonkey® Reviews | ||
| | |
| Savings |   | |
| Checking |  | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| CD | | |
| Fees | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Solid online bank with high APY rates and good customer service... | Solid bank that offers high APY savings products with a fully digital experience... |
| Visit Site | Visit Site | |
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 04/22/2025. Western Alliance Bank: Information sourced from the published website as of 04/26/2025. | ||
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers. 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 qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.
Discover® Online Savings - $150 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers. 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 qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.
Online Savings Account - Earn 3.60% APY
- No fees
- No minimum opening deposit
- No minimum balance required
High Yield Savings Account - 4.25% APY
- No fees
- $1 minimum deposit
- 24/7 online access
- FDIC insured
High-Yield CD Rates - Up to 4.30% APY
- No fees
- $1 minimum deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 3 Month | 4.30% APY |
| 5 Month | 4.10% APY |
| 6 Month | 4.00% APY |
| 9 Month | 3.90% APY |
| 12 Month | 3.80% APY |
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 mobile app and customer service are outstanding.
Articles on Discover Bank
Discover Savings Review
Discover Savings
Discover CD Rates
Discover Checking Account Bonus
Discover High Yield Savings Bonus
Discover Bank Locations
Discover Checking Account Fees
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
Articles on Western Alliance Bank
Western Alliance Bank Review
Which Do You Think is Best?
Which Bank Account is Right for You?
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