Discover Bank

Deposit Rates APY Vs.Others
Savings N.A. 2.10% →
1-Year CD 1.75% 2.02% →
2-Year CD 1.75% 2.02% →
3-Year CD 1.80% 2.02% →
4-Year CD 1.80% 2.02% →
5-Year CD 1.80% 2.02% →

2020 Overview

General Online Bank Information

Money that you deposit is held by Discover Bank. Discover Bank is an FDIC insured institution founded in 1911. It has approximately $109.17 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Discover Bank
FDIC Certificate # 5649
Date Established 1911
Assets $109.17 billion
Loans $89.18 billion
Deposits $73.43 billion
Capital $11.28 billion

For a more detailed analysis of Discover Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Customer Reviews for Discover Bank

  • September 23, 2019 |

    I have had CDs with Discover Bank for 10 yrs. I have used mail, phone and email to work out new investments and cashing in of CDs with no difficulty. While you don't get the pleasure of face-to-face service that you get from a local credit union or small bank, I found investing with them easy and fast

  • March 21, 2018 |

    Online Savings Rates

    Application for savings account left in limbo for a week. Told that bank was not permitted to communicate either by email or phone to inform customer of need for additional document !!!
    Not logical or confidence inspiring.

  • October 22, 2017 |

    Just opened a savings account with Discover. Great customer service. Not the highest rates but very competitive. I have had no issues. They make opening an account simple. If you enter a transfer on Tuesday it will not be available until Monday of following week. This is not a problem for me. I don't put money in a savings that I need right away. That is what checking accounts are for. I highly recommend Discover.

  • August 23, 2017

    Online CDs 60 Month Rates

    I have been dealing with Discover for years, they are very slow to help when needed, good rate ( with AAA) fair service

  • June 28, 2017

    Online Savings Rates

    great job aaaaaaa+

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