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Discover Bank vs Charles Schwab Bank


 

Discover Bank

Charles Schwab Bank

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

SPECIAL OFFER
3-Month CD - Up to 3.91% APY - Learn More

Read Charles Schwab Bank Review

 

Benefits and Features

Savings
3.40% APY
0.15% APY
CD2.00% to 4.05% APY depending on termsOffers brokered CDs from other banks. Minimum deposit of $1,000.
Mobile App
iOS & Android
 
ATMs
Over 60,000 no-fee ATMs
Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.
Customer Service
24/7
24/7 Live Customer Service (Telephone and Chat)
Locations
Online Only
345 branches across the country. You may also open an account online.
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty Star
CheckingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarHalf Star
Pros & ConsPros:
  • No account minimum
  • No service fees
  • Refund all ATM fees
Cons:
  • Only checking or savings
  • Must do banking online
Bottom LinePopular brokerage with a free checking account that refunds ATM fees... Read full review

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

Discover Bank: Pricing information and data points from published website as of 11/12/2025.

Charles Schwab Bank: Pricing information from published website as of 11/22/2025.


Articles on Charles Schwab Bank

Charles Schwab Bank Review

Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

Charles Schwab High Yield Savings

Charles Schwab Bank has a savings account with no fees and a free debit card. But how does its APY stack up against other accounts?

Charles Schwab Routing Number

You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

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