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. 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 Personal Savings Account - $1,500 Bonus - Learn More Read Capital One Review	SPECIAL OFFER Discover® Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review
	Benefits and Features
Savings	3.80% APY	3.75% APY
CD	3.50% to 4.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.00%	2.00% to 4.00% APY depending on terms
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		3.60% APY under $100,000; 3.65% APY $100,000 or more.
ATMs	over 70,000 no-fee Capital One, MoneyPass, and Allpoint ATMs	Over 60,000 no-fee ATMs
Customer Service	Mon-Sun: 8am - 11pm (ET)	24/7
IRA CD		9-month CD APY of 3.80%. 12-month CD APY of 4.00%. 18-month CD APY of 3.80%. 24-month CD APY of 3.50%. 5-year CD APY of 3.40%.
Locations	262 branches	Online Only
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
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
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
	Personal Savings Account - $1,500 Bonus Personal Savings Account - $750 Bonus Personal Checking Account - $300 Bonus	Discover® Online Savings - $200 Cash Bonus Discover® Online Savings - $150 Cash Bonus Online Savings Account - Earn 3.75% 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 12/18/2024. Discover Bank: Pricing information and data points from published website as of 11/20/2024.

Member FDIC

Discover® Online Savings - $200 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. 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 subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.

Get Deal

Expires 3/13/2025

Member FDIC

Discover® Online Savings - $150 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

Get Deal

Expires 3/13/2025

Member FDIC

Online Savings Account - Earn 3.75% 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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Capital One vs Discover Bank

Benefits and Features

CreditDonkey® Reviews

Which is Better: Capital One or Discover Bank?

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