Save money and be informed. 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†

HSBC Bank vs Discover Bank

HSBC is a large full-service global bank. How does it compare to Discover Bank? Read our comparison chart below.

HSBC is a large multi-national bank and offers several checking accounts for different needs. HSBC Direct is the online banking operation and offers high interest savings for just $1 minimum deposit with no service fees.

While 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.

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

 HSBC BankDiscover Bank
 Visit SiteVisit Site
 

HSBC Bank

Discover Bank

SPECIAL OFFER
HSBC $200 Advance Checking Bonus - Learn More

Read HSBC Review

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

Read Discover Bank Review

 

Benefits and Features

SavingsHSBC Direct Savings: 0.15% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.
0.50% APY
CD0.30% to 0.40% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.40%. Minimum deposit of $1,000 to open.0.20% 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.
CheckingBasic Banking: no minimum requirements; $1 monthly service fee
Choice Checking: $15 monthly service fee waived if you set up direct deposit OR maintain a minimum monthly balance of $1,500
Advance Checking: $25 monthly service fee waived if you maintain a minimum monthly balance of $5,000 in combined HSBC deposit and investment accounts.
Premier Checking: $50 monthly service fee waived if you maintain a minimum monthly balance of $75,000 in combined HSBC deposit and investment accounts.
Earn 1% cashback on up to $3,000 in debit card purchases each month
Money Market 0.35% APY under $100,000; 0.40% APY $100,000 or more. $2,500 minimum deposit.
Customer Service
24/7
24/7
ATMsAny HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
Over 60,000 no-fee ATMs
IRA CD 12-month CD APY of 0.50%. 24-month CD APY of 0.50%. 5-year CD APY of 0.60%.
LocationsHSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
Online Only
 

CreditDonkey® Reviews

 HSBC BankDiscover Bank
Savings
Checking
Customer Service
Money Market
Mobile App
Pros & ConsPros:
  • Global presence
  • High online savings APY
Cons:
  • Not in every state
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineLarge full-service global bank... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

HSBC: Data points including rates, fees, terms, and benefits was obtained on December 20, 2020 from published websites and is believed to be accurate, but not guaranteed.

Discover Bank: Pricing information and data points from published website as of 12/20/2020

Which is Better: HSBC or Discover Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing HSBC or Chase.

In short: Discover Bank's customer service is outstanding.


Articles on HSBC Bank


Articles on Discover Bank


Which Do You Think is Best?

Name
Email (won't be published)


You might also be interested in

Best Bank Promotions in Texas

View list of best Texas bank promotions. See current active promos and new bonus offers from local Texas banks, credit unions, and national banks.

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
© 2021 CreditDonkey