TD Bank vs Discover Bank

TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to Discover Bank? Read our comparison chart below.

TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.

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

	TD Bank	Discover Bank
	Member FDIC	Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Student Checking Account - $100 Bonus - Learn More Read TD Bank Review	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More Read Discover Bank Review
	Benefits and Features
Savings	0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.	3.40% APY
CD	up to 3.69% APY (up to 3.70% for Relationship APY). Terms of 3 to 60 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).	2.00% to 3.85% APY depending on terms
Checking	TD Complete Checking, TD Beyond Checking, TD Essential Banking
Mobile App	iOS & Android	iOS & Android
ATMs	2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida	Over 60,000 no-fee ATMs
Customer Service	24/7 Live Customer Service (Telephone)	24/7
IRA CD	up to 3.69% APY (up to 3.70% for Promotional APY. Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account).
Locations	over 1,100 locations	Online Only
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: Extended banking hours Low requirements to waive monthly fees No foreign transaction fees Cons: No free checking Low APY Only on East Coast	Pros: High yield No fees 24/7 customer service
Bottom Line	East Coast bank with relatively low minimum balance requirements... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Learn More	Visit Site
	Student Checking Account - $100 Bonus TD Business Convenience Checking Plus TD Choice Promotional CD	Online Savings Account - Earn 3.40% APY Certificate of Deposit Discover® CD Rates
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Bank: Pricing information from published website as of 10/04/2025 based on 08034 zip code. Discover Bank: Pricing information and data points from published website as of 10/23/2025.

Member FDIC

Online Savings Account - Earn 3.40% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Member FDIC

Certificate of Deposit

3.50% APY for 6-month term
3.85% APY for 12-month term
3.70% APY for 18-month term
3.50% APY for 24-month term
3.50% APY for 36-month term
3.50% APY for 5-year term

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Member FDIC

Discover® CD Rates

No minimum opening deposit required
No fees
FDIC insured

Term	CD Rates
3 Months	2.00% APY
6 Months	3.50% APY
9 Months	3.50% APY
1 Year	3.85% APY
1.5 Years	3.70% APY
2 Years	3.50% APY
2.5 Years	3.50% APY
3 Years	3.50% APY
4 Years	3.50% APY
5 Years	3.50% APY
7 Years	3.50% APY
10 Years	3.50% APY

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Which is Better: TD Bank 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 TD Bank or Bank of America.

In short: Discover Bank's savings and money market are worth mentioning.

Articles on TD Bank

TD Bank Review

TD Bank offers extended customer hours and easy online banking. Are these perks worth it? Find out what makes TD Bank a great choice for you and some reasons to look elsewhere.