Capital One vs Discover Bank

Capital One is a good online bank with access to in-person support. How does it compare to Discover Bank? Read our comparison chart below.

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. There are no service fees.

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

	Capital One	Discover Bank
		Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER 360 Performance Savings - 4.30% APY - Learn More Read Capital One Review	SPECIAL OFFER Discover Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review
	Benefits and Features
Savings	4.30% APY	4.35% APY
CD	4.10% to 5.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 5.00%	2.00% to 5.30% APY depending on terms. $2,500 minimum
Checking	0.10% APY	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market		4.20% APY under $100,000; 4.25% APY $100,000 or more. $2,500 minimum deposit.
Customer Service	Mon-Sun: 8am - 11pm (ET)	24/7
ATMs	Over 70,000 no-fee Capital One & Allpoint ATMs	Over 60,000 no-fee ATMs
IRA CD		12-month CD APY of 5.20%. 18-month CD APY of 5.00%. 24-month CD APY of 4.40%. 5-year CD APY of 4.00%.
Locations	Online Only	Online Only
	CreditDonkey® Reviews

Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: Overdraft protection options No account minimums 27 cafes for in-person support Cons: Lower savings APY compared to other online banks	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs
Bottom Line	Good online bank with access to in-person support... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Learn More	Visit Site
	360 Performance Savings - 4.30% APY 18-Month CD - 5.00% APY Capital One 1 Year CD - 5.00% APY	Discover Online Savings - $200 Cash Bonus Discover Online Savings - $150 Cash Bonus Online Savings Account - Earn 4.35% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Capital One: Pricing information from published website as of 11/13/2023. Discover Bank: Pricing information and data points from published website as of 11/24/2023.

Member FDIC

Discover Online Savings - $200 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Get Deal

Expires 12/14/2023

Member FDIC

Discover Online Savings - $150 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

Get Deal

Expires 12/14/2023

Member FDIC

Online Savings Account - Earn 4.35% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Which is Better: Capital One 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 Capital One or Chase.

In short: Capital One's checking is outstanding. Discover Bank's savings is worth mentioning.

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