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.
Whereas, Regions Bank is located in 15 states in the South and Midwest with 1,500 branches. You can open a checking and savings account with as little as $50, plus they have lower requirements to waive fees.Discove
To add on, the Now Banking solution offers prepaid Visa savings, and check cashing services with no account required.
See our table below for a side-by-side comparison between the two banks.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | $150/$200 bonus + 3.40% APY | Review |
| Discover® Bank CD | Up to 3.85% APY | Review |
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| Discover | Regions Bank | |
| Locations | Online Only | More than 1500 branches in 15 Southern and Midwestern US states. (Locator) |
| ATMs | Over 60,000 no-fee ATMs | More than 4,700 ATMs |
| Savings | 4.5/5 | 4/5 |
| CD | 3.5/5 | |
| Checking | 4.5/5 | 3.5/5 |
| Money Market | 5/5 | 3/5 |
| Customer Service | 5/5 | 3.5/5 |
| Mobile App | 5/5 | 3/5 |
| Pros | -High yield -Cashback checking -24/7 customer service |
-Virtual Wallet tools -Relatively easy to waive fees -Free student account |
| Cons | -No interest checking -$2,500 minimum deposit for CDs |
-$50 to open checking account -Relationship Rewards Program -LifeGreen Savings annual bonus |
| Bottom Line | Discover Bank offers some of the highest interest rates on the market. | Regions Bank offers a variety of deposit products, special reward programs, and more! |
Discover Bank Promotions
 • 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 2.00% APY up to 3.85% 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. • Get started and open a Discover CD in 3 easy steps. |
Compare to Other Banks
- Discover Bank vs Chase
- Discover Bank vs Ally Bank
- Discover Bank vs Bank of America
- Discover Bank vs Wells Fargo
- Discover Bank vs KeyBank
Bottom Line
Which Bank is Better: Discover or Regions Bank?
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.
- Regions Bank’s CDs and savings account are another great way to save, but their rates may not be the best.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
More on Discover Bank:
More on Regions Bank:
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