Discover Bank is an online-only financial institution offering different banking services like checking, savings, money market and even CDs.
They offer high interest rates that are comparable to other big named banks, so be sure to check out all the products they have.
While Chase, one of the biggest banks in the Unites States, offers full service banking from personal banking to mortgages to loans, as well as a popular range of credit cards.
Not to mention, they offer more checking options compared to other competitors.
Continue reading below to see a side-by-side comparison between Discover and Chase Bank, so you can see which one offers the services you need the most.
PROMOTIONAL LINK | OFFER | REVIEW |
Discover Bank Online Savings | $200 Cash | Review |
Discover Checking | $360 Cash Back | Review |
Discover Bank CD | Up to 2.75% APY | Review |
Discover Bank Money Market | Up to 0.85% APY | Review |
Discover Bank IRA CD | Up to 2.75% APY | Review |
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Discover | Chase | |
Locations | Online Only | Branches in Several States (Locator) |
ATMs | Over 60,000 no-fee ATMs | Chase ATMs nationwide |
Savings | 4.5/5 | 3.5/5 |
CD | ||
Checking | 4.5/5 | 4/5 |
Money Market | 5/5 | |
Customer Service | 5/5 | 4/5 |
Mobile App | 5/5 | 5/5 |
Pros | -High yield -Cashback checking -24/7 customer service |
-Branches in many states -New customer coupons -Full service banking |
Cons | -No interest checking -$2,500 minimum deposit for CDs |
-Low interest rates -Not available in all states |
Bottom Line | Discover | Chase is a good choice if you’re looking for a bank with full range of service |
Table of Contents
Chase Bank Promotions
Discover Bank Promotions
![]() Open a Discover Online Savings Account for all these features: • Bonus offer applies for your first Discover Online Savings Account • Earn $200/$150 Bonus with promo code HMB622 by 09/15/2022 • Fund your first savings account with at least of $25K within 30 days of account open date to earn the $200 Bonus • Fund your first savings account with at least of $15K within 30 days of account open date to earn the $150 Bonus • Earn high interest rate of 0.90% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 See advertiser website for full details |
![]() With the Discover Checking Account: • Cashback – Earn 1% cash back on up to $3,000 in debit card purchases each month • No. Fees. Period. That means you won’t be charged an account fee on our Cashback Debit account. • Early Pay – Get your paycheck up to two days early with no charge • No credit impact - You can apply without affecting your credit score. • Fraud Protection - You’re never responsible for unauthorized debit card purchases. If you suspect someone else has used your debit card without your permission, let us know. • Apply in minutes - Applying for a Cashback Debit account is simple and fast. • Fee free overdraft protection |
![]() • Get started and open a Discover Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 0.85% APY balances $100,000 and over • Earn 0.80% APY balances under $100,000 • Open with as little as $2,500. • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
![]() • Available nationwide online, Discover offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 0.30% APY up to 2.75% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Start today with a minimum deposit of $2,500! • Get started and open a Discover CD in 3 easy steps. |
![]() • Available nationwide online • Select terms as short as 3 months up to 120 months • Rates ranging from 0.30% APY up to 2.75% APY • Start today with as little as $2,500! • Step-by-step help available 24/7 by phone • Flexible options: Roth (pay now, save later) & Traditional IRAs (earn now, pay later) • Gather your retirement savings into one place. • Just three steps and you’re on your way to saving with a Discover IRA CD. |
Compare to Other Banks
- Chase vs Bank of America
- Chase vs Fifth Third Bank
- Chase vs Wells Fargo
- Chase vs US Bank
- Chase vs CIT Bank
- Chase vs PNC Bank
Bottom Line
Which Bank is Better: Discover or Chase?
In summary:
- Discover Bank’s savings and customer service are worth checking out since it offers high-interest rates compared to traditional savings accounts that pay very little interest.
- Chase is a good choice if you’re looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
More on Chase Bank:
- What Are Chase Bank’s Hours?
- How To Find and Use Your Chase Bank Login
- What Do You Need to Open a Chase Bank Account?
- How To Order Checks via Chase: Online, Vendor Site or by Phone
- How to Set Up Chase Online Bill Pay
- How to Stop Payment for a Chase Check
- Chase Business Routing Number
- How to Stop Payment for a Chase Check
More on Discover Bank:

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