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Chime vs Discover Bank

Chime is a banking app that offers an online account with early paycheck access and credit builder features. How does it compare to Discover Bank? Read our comparison chart below.

 Discover Bank
Member FDIC
 Learn MoreVisit Site
 

Chime

Discover Bank

SPECIAL OFFER
Get Started - Learn More

Read Chime Review

SPECIAL OFFER
Online Savings Account - Earn 3.40% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

Savings1.25% Annual Percentage Yield (APY).
3.40% APY
CD 2.00% to 4.00% APY depending on terms
CheckingNo monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees 
Monthly Fee
$0
 
Minimum Deposit to Open
$0
 
Mobile App
iOS & Android
iOS & Android
ATMsOver 50,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Over 60,000 no-fee ATMs
Customer Service
24/7
24/7
Locations
Online only
Online Only
 

CreditDonkey® Reviews

 Discover Bank
SavingsStarStarStarStarStarStarStarStarStarHalf Star
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Money MarketStarStarStarStarHalf Star
Pros & ConsPros:
  • No account fees
  • Get paycheck 2 days early
  • Up to $200 overdraft coverage
Cons:
  • Hard to deposit cash
Pros:
  • High yield
  • No fees
  • 24/7 customer service
Bottom LineBanking app that offers an online account with early paycheck access and credit builder features... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.

Discover Bank: Pricing information and data points from published website as of 09/30/2025.

Discover Bank
Member FDIC

Online Savings Account - Earn 3.40% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
Discover Bank
Member FDIC

Certificate of Deposit

  • 3.50% APY for 6-month term
  • 4.00% APY for 12-month term
  • 3.80% APY for 18-month term
  • 3.60% APY for 24-month term
  • 3.60% APY for 36-month term
  • 3.60% APY for 5-year term
Discover Bank
Member FDIC

Discover® CD Rates

  • No minimum opening deposit required
  • No fees
  • FDIC insured

Term CD Rates
3 Months 2.00% APY
6 Months 3.50% APY
9 Months 3.50% APY
1 Year 4.00% APY
1.5 Years 3.80% APY
2 Years 3.60% APY
2.5 Years 3.60% APY
3 Years 3.60% APY
4 Years 3.60% APY
5 Years 3.60% APY
7 Years 3.50% APY
10 Years 3.50% APY

Which is Better: Chime 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 Chime or Bank of America.

In short: Chime's checking is excellent. Discover Bank's customer service is outstanding.


Articles on Chime

Chime

Chime has no monthly fees, so what's the catch with the app? Find out how you can get paid two days early and grow your savings.

Chime Locations

Chime is a popular fintech company with no physical branches. But how do you access your money? Keep reading to find out.

Online Banks Like Chime

Discover the best Chime competitors that can offer you better rewards and a wider range of account options.

Articles on Discover Bank

Discover Savings Review

Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

Discover Savings

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

Discover CD Rates Reviews

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Is Discover Bank a Good and Real Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Which Do You Think is Best?


Which Bank Account is Right for You?


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