About Discover Bank

Since 1911, Discover Bank has been providing superior banking products with service designed to help customers achieve their financial goals.
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Overall Rating

MyBankTracker rated Discover Bank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.

A+

MyBankTracker Rating

Customer Rating
Based on 89 Reviews
Financial Health
Based on Texas Ratio: 5.93
Bank Fees
vs. Average
Bank Rates
vs. Average
Mobile Deposits
Mobile Deposits
Mobile Banking
Quality of Mobile Services

Most Helpful Customer Reviews

lewislisa's Profile Image

Reviewed by lewislisa

Feb 17th 2014

5 out of 5 marks

Great CREDIT CARD COMPANY!

I have been very happy with my Discover IT for Students! Great credit card that offered a $50 bonus when I applied here

http://bit.ly/1nIqpLL

Discover card gave me a very high credit limit and even overnighted the card to me for free!! Their cashback is AMAZING!! I would highly recommend this company and card

Is this review helpful? ▲ Yes 3 ▼ No 1

aaronandrews's Profile Image

Reviewed by aaronandrews

Jul 31st 2014

5 out of 5 marks

Fantastic Bank

I have been with Discover for a little over a year now. They were the first Company to give me a chance with their credit cards. Even when I had no history. I give them a 5 of 5 just for customer satisfaction. If I ever have an issue with my account I can get ahold of a live person who is friendly and actually wants to help you. This bank is by far one of my most favorite banks.

Is this review helpful? ▲ Yes 2 ▼ No 1

JIMMYGJR's Profile Image

Reviewed by JIMMYGJR

Apr 16th 2014

5 out of 5 marks

Best Credit Card/banking Experience Ever!

I've had a discover card for over 25 years. Any merchant dispute I had was resolved by discover in a timely manner. I've since been using discover banking. Again, my experiences on the phone and on-line have all been extremely positive. Although there are other banks currently offering CD rates a bit higher than those of discover bank, I would not change banks for a minimal 20 basis points. Service is just as important as the rate of return.

I would and have recommended Discover card and Discover bank to anyone who is looking for quality service and returns!

Is this review helpful? ▲ Yes 2 ▼ No 1

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Bank Rates

NAME RATE (APY) MIN TO EARN APY Min Deposit
Online Savings Account

0.90%

$0

$500

NAME RATE (APY) MIN TO EARN APY Min Deposit
Money Market

0.75%

$50,000

$2,500

Money Market

0.75%

$25,000

$2,500

Money Market

0.75%

$10,000

$2,500

Money Market

0.75%

$5,000

$2,500

Money Market

0.80%

$100,000

$2,500

Money Market

0.75%

$2,500

$2,500

NAME RATE POINTS FEES
30 Year Fixed

1.5

N/A

15 Year Fixed

1.125

N/A

10 Year Fixed

1

N/A

20 Year Fixed

1.25

N/A

NAME RATE POINTS FEES
7/1 ARM

1

N/A

5/1 ARM

2.875%

1

N/A

NAME RATE POINTS FEES
30 Year Fixed

1.125

N/A

20 Year Fixed

0.75

N/A

15 Year Fixed

1.125

N/A

10 Year Fixed

0.75

N/A

NAME RATE POINTS FEES
7/1 ARM

1

N/A

5/1 ARM

1.125

N/A

TERM RATE (APY) Min Deposit
3 Month CD

0.35%

$2,500

6 Month CD

0.65%

$2,500

9 Month CD

0.70%

$2,500

12 Month CD

0.95%

$2,500

18 Month CD

1.05%

$2,500

24 Month CD

1.25%

$2,500

30 Month CD

1.30%

$2,500

36 Month CD

1.45%

$2,500

48 Month CD

1.76%

$2,500

60 Month CD

2.10%

$2,500

84 Month CD

2.20%

$2,500

120 Month CD

2.30%

$2,500

TERM RATE (APY) Min Deposit
3 Month CD

0.35%

$2,500

6 Month CD

0.65%

$2,500

9 Month CD

0.70%

$2,500

12 Month CD

0.95%

$2,500

18 Month CD

1.05%

$2,500

24 Month CD

1.25%

$2,500

30 Month CD

1.30%

$2,500

36 Month CD

1.45%

$2,500

48 Month CD

1.76%

$2,500

60 Month CD

2.10%

$2,500

Banking Fees

Type Fee National average
Monthly Inactivity

N/A

$7

Non-Sufficient Fund (Overdraft)

$30

$30

Stop Payment item

$15

$27

Return Deposit

$15

$13

Domestic Wire Transfer (Outbound)

$30

$22

Domestic Wire Transfer (Inbound)

$0

$9

Non-Bank ATM

$0

No Fee, No Refund

$1