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, Wells Fargo is another well known bank with more than 5,400 locations offering 13,000 ATMs nationwide.
They offer a variety of checking account like Teen Checking or Opportunity Checking for those who have financial troubles.
Continue reading below to see a side-by-side comparison between Discover and Wells Fargo, so you can see which one offers the services you need the most.
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| Discover | Wells Fargo | |
| Locations | Online-only bank | 5,400 retail banking branches coast to coast. (Locator) |
| ATMs | Over 60,000 no-fee ATMs | More than 13,000 ATMs across the country. |
| Savings | 4.5/5 | 2.5/5 |
| CD | 2/5 | |
| Checking | 4.5/5 | 4/5 |
| Money Market | 5/5 | |
| Customer Service | 5/5 | 4/5 |
| Mobile App | 5/5 | 4.5/5 |
| Pros | -High yield -Cashback checking -24/7 customer service |
-Nationwide availability – Large ATM network – Mobile app features – 24/7 account monitoring |
| Cons | -No interest checking -$2,500 minimum deposit for CDs |
– Make minimal interest – Pay a fee for overdraft protection |
| Bottom Line | Discover Bank offers some of the highest interest rates on the market. | Wells Fargo offer nationwide access to ATMs and branch locations, offering unique features that your bank might not provide. |
Discover Bank Promotions
Discover Online SavingsDiscover CheckingDiscover Money MarketDiscover CDDiscover IRA CD
 Open a Discover® Online Savings Account for all these features: • Earn high interest rate of 3.75% 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 |
Read more about Discover Bank Online Savings here. Our full list of Discover Bank bonuses here.
Read more about Discover Bank Checking here. Our full list of Discover Bank bonuses here.
• 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 3.65%% APY balances $100,000 and over • Earn 3.60% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
Read more about Discover Bank Money Market here. Our full list of Discover Bank bonuses here.
• 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 4.00% 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. |
Read more about Discover Bank CD here. Our full list of Discover Bank bonuses here.
• Available nationwide online • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY • 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. |
Read more about Discover Bank IRA CD here. Our full list of Discover Bank bonuses here.
Compare to Other Banks
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- TD Bank vs Wells Fargo
- Huntington Bank vs Wells Fargo
- SunTrust Bank vs Wells Fargo
- Capital One vs Wells Fargo
- BMO Harris Bank vs Wells Fargo
- Citibank vs Wells Fargo
- Bank of America vs Wells Fargo
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Bottom Line
Which Bank is Better: Discover or Wells Fargo?
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.
- Wells Fargo offers nationwide access to their accounts, if you’re looking for basic banking features their accounts are to go to.
For other banking options, see our list of the best bank account bonuses & savings account offers.
More on Discover Bank:
More on Wells Fargo:
- Wells Fargo Hours: What Time Does Wells Fargo Close Today?
- Wells Fargo Routing Number
- How To Find and Use Your Wells Fargo Login
