Bank of America vs Discover Bank

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to Discover Bank? Read our comparison chart below.

Bank of America is one of the largest banks in the U.S. with approximately 3,700 locations and 15,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.

Compare Bank of America with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews and pros.

	Bank of America	Discover Bank
	Member FDIC	Member FDIC
	Learn More	Learn More
	OFFER Bank of America Advantage Banking - Up to $500 Cash Offer Read Bank of America Review	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More Read Discover Bank Review
	Benefits and Features
Savings	Bank of America Advantage Savings Standard Rate: 0.01% APY	3.40% APY
CD	7-Month CD - 3.51% APY 10-Month CD - 3.20% APY 13-Month CD - 2.25% APY 25-Month CD - 2.00% APY 37-Month CD - 0.11% APY 1-Month CD - 0.03% APY 120-Month CD - 0.03% APY	2.00% to 4.05% APY depending on terms
Checking
Mobile App	iOS & Android	iOS & Android
ATMs	Approximately 15,000+ ATMs	Over 60,000 no-fee ATMs
Customer Service	Monday -Friday: 8AM - 9PM ET Saturday: 9AM - 6PM ET Sunday: 8AM - 5PM ET	24/7
IRA CD
Locations	3,700 financial centers	Online Only
	CreditDonkey® Reviews

Savings
CD
Checking
Mobile App
Customer Service
Money Market
Pros & Cons	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees	Pros: High yield No fees 24/7 customer service
Bottom Line	National bank with widespread accessibility and wide range of services... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Learn More	Learn More
		Online Savings Account - Earn 3.40% APY Discover® CD Rates
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 11/25/2025 based on 91107 zip code. Discover Bank: Pricing information and data points from published website as of 11/12/2025.

Member FDIC

Bank of America Advantage Banking - Up to $500 Cash Offer

Learn More

Expires 1/31/2026

The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
The offer is for new checking customers only.
Offer expires 1/31/2026.
To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.

Cash Bonus Total Qualifying Direct Deposits

$100 $2,000

$300 $5,000

$500 $10,000+
If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
Additional terms and conditions apply. See offer page for more details.
*A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
Bank of America, N.A. Member FDIC.

Cash Bonus	Total Qualifying Direct Deposits
$100	$2,000
$300	$5,000
$500	$10,000+

Which is Better: Bank of America or Discover Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America or Wells Fargo.

In short: Discover Bank's savings and customer service are worth mentioning. In particular, the customer service is outstanding.