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
	Member FDIC	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER High Yield Savings - 3.85% 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: 3.85% APY	3.60% APY
CD	3.00% to 3.75% APY; $500 minimum	2.00% to 4.00% APY depending on terms
Checking	High Interest Checking: Up to 1.10% APY Cash Rewards Checking: 1.00% cashback	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market	4.25% APY	3.50% APY under $100,000; 3.55% APY $100,000 or more.
Mobile App		iOS & Android
ATMs		Over 60,000 no-fee ATMs
Customer Service		24/7
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	Online only	Online Only
	CreditDonkey® Reviews

Savings
Checking
Mobile App
Customer Service
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
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 - 3.85% APY High Interest Checking - Up to 1.10% APY CD Rates - Up to 3.75% APY	Discover® Online Savings - $200 Cash Bonus Discover® Online Savings - $150 Cash Bonus Online Savings Account - Earn 3.60% 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 04/18/2025. Discover Bank: Pricing information and data points from published website as of 05/09/2025.

Member FDIC

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.

Get Deal

Expires 9/11/2025

Member FDIC

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.

Get Deal

Expires 9/11/2025

Member FDIC

Online Savings Account - Earn 3.60% 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 CIT Bank.

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

Articles on Quontic

Quontic Bank Review

Quontic Bank aims to provide a better experience (and rewards) for those underserved by traditional banks. Review the rates, fees, and customer reviews.

Articles on Discover Bank

Discover Savings Review

Discover® Bank 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 Savings Review

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.