Discover Bank
2023 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 $113.03 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Discover Bank |
| FDIC Certificate # | 5649 |
| Date Established | 1911 |
| Assets | $113.03 billion |
| Loans | $97.84 billion |
| Deposits | $87.17 billion |
| Capital | $11.75 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.
Deposit Rates - March 25, 2023
Online Savings and Money Market
Rates
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
3.60% | $0 | - |
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|
Online CD Rates
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
3.40% | $2,500 | - |
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|
| 12 Mo CD
|
4.50% | $2,500 | - |
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|
| 18 Mo CD
|
4.75% | $2,500 | - |
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|
| 24 Mo CD
|
4.30% | $2,500 | - |
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|
| 36 Mo CD
|
4.30% | $2,500 | - |
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|
| 48 Mo CD
|
4.10% | $2,500 | - |
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|
| 60 Mo CD
|
4.10% | $2,500 | - |
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|
Bank Offers
Discover Bank Lowers Online Savings Rate to 1.25% APY
May 14, 2020
Discover Bank has lowered its online savings rate from 1.40% APY to 1.25% APY this morning.
Discover Bank's Online Savings Rate is Now 1.15% APY
May 26, 2020
Discover Bank's online savings rate is now 1.15% APY.
Climate Initiatives
Discover Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for Discover Bank
Pjamas
September 14, 2020 |
two thumbs up
Is this review helpful? Yes:4 / No: 0
Heronva
May 3, 2020
I opened a Discover account on April 6, 2020. Deposit accepted on 10th of April. Four days after deposit, $200 bonus was credited to my account. Only issue, the dividend rate dropped from 1.5% to 1.4%, but with what's going in the world, I guess it should have been expected. Anyway, so far so good.
Is this review helpful? Yes:6 / No: 1
erdberful
April 13, 2020 |
i have had cds at Discover Bank for 6 or 7 years. I can almost always find a little better rate but in the end the reason I stay at Discover is the phone is answered within the first 3 or 4 rings EVERY time i have called for all those years and the individual who answers IS the IRA specialist who takes care of my need then and there. never have i been put on hold or transferred to someone else.
Is this review helpful? Yes:10 / No: 0
BCSteel
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
Is this review helpful? Yes:7 / No: 2
NRB
March 21, 2018 |
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.
Is this review helpful? Yes:6 / No: 0
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