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 Grade

A+
Customer Rating
Based on 85 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

Customer Reviews

Most Helpful Customer Reviews

anne marie m's Profile Image

Reviewed by anne marie m

Mar 5th 2009

4 out of 5 marks

So Far, so good, I'm Happy

I have been very happy with the service from Discover Bank. My only regret was I didn't know they gave a $50 incentive for applying for your acct. on-line which I would have taken advantage of if I had only been made aware. In these hard times everyone could use $50.00 extra. Other than that I have been very pleased with the way the bank has handled my account.

Sincerely,

AMM

Is this review helpful? ▲ Yes 4 ▼ No 2

aseremo's Profile Image

Reviewed by aseremo

Sep 1st 2011

2 out of 5 marks

Slow In Getting Your Money Back From Cd !!!

They told me at first it will take less than 7 - 10 days to get my money bank. I need it for emergency. Well , today is the 8th day. I have not received my money back. I have already closed my account with them. And i need to pay for my mortgage. I have withdrawn the money on the 23rd of august, today is september 1. I dealt with other banks before, online or by mail, it never take this long. This is the worst that i have experienced. I put those money in a cd for emergency. Now i have emergency and i have not received my money!

Is this review helpful? ▲ Yes 4 ▼ No 0

sheila h's Profile Image

Reviewed by sheila h

Jun 4th 2009

1 out of 5 marks

Never get YOUR MONEY back

I had a CD but had to close it early. I have now been 3 weeks trying to get my money returned. First they told me I had to receive it by check (they wire transfered it out of my account) and I NEVER received the check. Every time I call I get someone new and have to tell the whole story again. I have called repeatedly and get a differnet response each time. I have been told the check is lost, that they have issured another and it is being overnighted, that they're verifiying a stop payment on the 1st check and they will call me back. I'm really pissed and worried that I will NEVER get my money back. I WILL NEVER AND I REPEAT NEVER DEAL WITH THEM AGAIN. THERE IS SOMETHING TO BE SAID ABUT DOING BUSINESS WITH LOCAL BANKS. BEWARE UNLESS YOU ARE RICH AND CAN AFFORD TO TAKE A CHANCE. I FEEL LIKE I'VE BEEN SCAMMED!

Is this review helpful? ▲ Yes 7 ▼ No 0

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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%

$5,000

$2,500

Money Market

0.75%

$10,000

$2,500

Money Market

0.75%

$25,000

$2,500

Money Market

0.75%

$50,000

$2,500

Money Market

0.75%

$2,500

$2,500

Money Market

0.80%

$100,000

$2,500

NAME RATE POINTS FEES
5/1 ARM

2.75%

1

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

1.00%

$2,500

18 Month CD

1.05%

$2,500

24 Month CD

1.15%

$2,500

30 Month CD

1.20%

$2,500

36 Month CD

1.45%

$2,500

48 Month CD

1.75%

$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

1.00%

$2,500

18 Month CD

1.05%

$2,500

24 Month CD

1.15%

$2,500

30 Month CD

1.20%

$2,500

36 Month CD

1.45%

$2,500

48 Month CD

1.75%

$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