Quontic vs Discover Bank

Quontic is an innovative digital bank offering checking accounts with high rewards. How does it compare to Discover Bank? Read our comparison chart below.

	Quontic	Discover Bank

	Visit Site	Visit Site
	SPECIAL OFFER High Yield Savings - 4.50% APY - Learn More Read Quontic Review	SPECIAL OFFER Discover Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review
	Benefits and Features
Savings	High Yield Savings: 4.50% APY	4.30% APY
CD	4.30% to 5.30% APY; $500 minimum	2.00% to 5.00% APY depending on terms. $2,500 minimum
Checking	High Interest Checking: Up to 1.10% APY Cash Rewards Checking: 1.00% cashback Bitcoin Rewards Checking: 1.5% Bitcoin	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market	5.00% APY	4.20% APY under $100,000; 4.25% APY $100,000 or more. $2,500 minimum deposit.
Customer Service		24/7
ATMs		Over 60,000 no-fee ATMs
IRA CD		12-month CD APY of 5.00%. 18-month CD APY of 5.00%. 24-month CD APY of 4.30%. 5-year CD APY of 4.00%.
Locations		Online Only
	CreditDonkey® Reviews

Savings
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: No monthly service fee High interest rate Cons: Basic mobile app $5/mo inactivity fee	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs
Bottom Line	Innovative digital bank offering checking accounts with high rewards... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Visit Site	Visit Site
	High Yield Savings - 4.50% APY High Interest Checking - Up to 1.10% APY CD Rates - Up to 5.30% APY	Discover Online Savings - $200 Cash Bonus Discover Online Savings - $150 Cash Bonus Online Savings Account - Earn 4.30% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Quontic: Pricing information from published website as of 09/05/2023. Discover Bank: Pricing information and data points from published website as of 09/09/2023.

Member FDIC

High Yield Savings - 4.50% APY

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4.50% APY
$100 minimum opening deposit
No monthly service fees

Member FDIC

High Interest Checking - Up to 1.10% APY

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Earn up to 1.10% APY
$100 minimum opening deposit
APY is based on the account balance and making at least 10 qualifying debit card point-of-sale transactions of $10.00 or more per statement cycle.

Member FDIC

CD Rates - Up to 5.30% APY

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$500 minimum opening deposit
FDIC insured

Term	CD Rates
6 Months	5.05% APY
1 Year	5.30% APY
2 Years	4.50% APY
3 Years	4.40% APY
5 Years	4.30% APY

Member FDIC

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.

Get Deal

Expires 12/14/2023

Member FDIC

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.

Get Deal

Expires 12/14/2023

Member FDIC

Online Savings Account - Earn 4.30% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Which is Better: Quontic 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 Quontic or Chase.

In short: Discover Bank's mobile app is outstanding.

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Quontic Bank Review

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Is Quontic Bank safe and secure? Find out how Quontic protects your account and learn about common customer complaints.

Articles on Discover Bank

Discover Savings Review

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.