Current vs Discover Bank
Current is a simple, digital-only banking app with impressive bonus and cashback. How does it compare to Discover Bank? Read our comparison chart below.
Current offers mobile-only banking for adults and teens. It offers cashback rewards, interest on savings, faster direct deposit, and fee-free overdrafts. There are no monthly fees and no minimums.
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 Current with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Current | Discover Bank | |
|---|---|---|
Build Credit While You Bank - | Discover® Online Savings - $200 Cash Bonus - | |
Benefits and Features | ||
| Savings | Up to 4.00% bonus on your Savings Pod, on up to a total of $6,000 | |
| CD | 2.00% to 4.00% APY depending on terms | |
| Checking | Earn up to 15x points on purchases at participating merchants | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details |
| Monthly Fee | ||
| Kids Debit Card |  | |
| Money Market | 3.50% APY under $100,000; 3.55% APY $100,000 or more. | |
| Minimum Deposit to Open | ||
| Mobile App | ||
| ATMs | Free access to 40,000+ Allpoint ATMs | |
| Customer Service | ||
| IRA CD | 9-month CD APY of 4.00%. 12-month CD APY of 4.00%. 18-month CD APY of 3.80%. 24-month CD APY of 3.80%. 5-year CD APY of 3.50%. | |
| Locations | ||
CreditDonkey® Reviews | ||
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| Savings |   |  |
| Minimum Deposit | | |
| Checking | | |
| Price | | |
| Mobile App | | |
| Customer Service | | |
| Ease of Use | | |
| Education | | |
| Money Market | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Simple, digital-only banking app with impressive bonus and cashback... | Solid online bank with high APY rates and good customer service... |
| Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Current: Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. Discover Bank: Pricing information and data points from published website as of 04/22/2025. | ||
Build Credit While You Bank
- Get Paid Up to 2 Days Faster
- Build credit and earn points with every swipe
- 40,000 fee-free Allpoint ATMs in the U.S.
- No credit check, minimum balance or hidden fees
Current Savings - Up to 4.00% bonus
- 4.00% bonus on up to $6,000 balance if you receive and maintain a qualifying direct deposit of $200 or more in a rolling 35 day period. (Otherwise, 0.25%)
- Simply add money to your Savings Pods and enable the Boost feature.
- Earn bonus on up to 3 Savings Pods, up to $2,000 balance each.
- Bonuses accumulate daily.
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 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. 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 qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 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, see FAQs on Discover.com/Bank. See advertiser website for full details.
Discover® Online Savings - $150 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 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. 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 qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 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, see FAQs on Discover.com/Bank. See advertiser website for full details.
Online Savings Account - Earn 3.60% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: Current 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 Current or Bank of America.
In short: Current's checking is outstanding. Discover Bank's customer service is outstanding.
Articles on Current
Current Banking Review
Articles on Discover Bank
Discover Bank Review
Discover Savings Review
Discover CD Rates Reviews
Discover Checking Account Bonus
Discover High Yield Savings Bonus
Discover Bank Locations
Discover Checking Account Fees
Who Owns Discover
Discover Checking Account Minimum Balance
Discover Checking Account Requirements
Discover Money Market vs Savings
Is Discover a Good Bank
Is Discover Savings Worth It
Which Do You Think is Best?
Which Bank Account is Right for You?
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