Overall (9.4/10)
Interest Rates & APY (9.3/10)
Fees & Minimums (9.2/10)
Customer Service (9.5/10)
Mobile App & Digital Banking (9.4/10)
Rewards & Perks (9.5/10)

Discover Review:

Intro

Discover stands out for 100% fee-free online banking, 1% cashback debit checking, and first-year Cashback Match on credit cards.

Full Review

Discover Bank is an award-winning U.S. direct bank and payment network operator celebrated for eliminating consumer banking fees. Discover charges zero annual fees on all of its credit cards, zero foreign transaction fees, and zero monthly maintenance or overdraft fees on its Cashback Debit checking and Online Savings accounts.

Its signature Cashback Match program automatically doubles all cashback earned during a cardmember's first 12 months.

Pros

  • $0 monthly fees, $0 overdraft fees, and $0 foreign transaction fees
  • 1% cashback on up to $3,000/month in debit card purchases
  • High-yield Online Savings and competitive fixed-rate CDs
  • 100% U.S.-based 24/7 customer service

Cons

  • Only one physical bank branch (Greenwood, Delaware)
  • Cash deposits only supported at Walmart locations
  • No premium airport lounge travel card tier
Feature Value
Overall Rating 4.8
Savings APY / AER 4.25% APY
Deposit Insurance FDIC Insured ($250k)

Discover: Products

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Discover it Cash Back Credit Card

Discover it Cash Back Credit Card

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Discover Cashback Debit Checking

Discover Cashback Debit Checking

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Discover Online Savings Account

Discover Online Savings Account

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Discover 12-Month Certificate of Deposit

Discover 12-Month Certificate of Deposit

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Discover Personal Loans

Discover Personal Loans

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Discover: Categories

Credit Cards

Credit Cards

Rated 8.8

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High-Yield Savings

High-Yield Savings

Rated 8.8

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Personal Loans

Personal Loans

Rated 8.8

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CD Rates & Fixed Deposits

CD Rates & Fixed Deposits

Rated 8.6

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Checking Accounts

Checking Accounts

Rated 8

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Mortgages & Home Loans

Mortgages & Home Loans

Rated 7.7

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