Discover Bank vs GO2bank
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to GO2bank? Read our comparison chart below.
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| Visit Site | Learn More | |
Discover Bank | GO2bank | |
|---|---|---|
Discover® Online Savings - $200 Cash Bonus - | Referral Program - Up to $1,500 Bonus - | |
Benefits and Features | ||
| Savings | 1% APY on savings, paid quarterly on balances up to $5,000 | |
| CD | 2.00% to 4.00% APY depending on terms | |
| Checking | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details | No monthly fees with eligible direct deposit (otherwise $5 per month) |
| Monthly Fee | $0/mo with eligible direct deposit (otherwise $5 per month) | |
| Money Market | 3.60% APY under $100,000; 3.65% APY $100,000 or more. | |
| Minimum Deposit to Open | ||
| Mobile App | ||
| ATMs | Over 55,000 fee-free AllPoint ATMs | |
| Customer Service | Mon - Sun 5am - 9pm PST, phone and live chat | |
| 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 | ||
CreditDonkey® Reviews | ||
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| Savings |   | |
| Checking |  | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with high APY rates and good customer service... | Solid mobile bank with interest and good benefits, but beware of some fees... |
| Visit Site | Learn More | |
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 11/20/2024. GO2bank: Information sourced from the published website as of 07/26/2024. | ||
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.
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.
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.
Online Savings Account - Earn 3.75% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: Discover Bank or GO2bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Discover Bank or Chase.
In short: Discover Bank's customer service is outstanding.
Articles on Discover Bank
Discover Bank
Discover Savings Review
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Who Owns Discover
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Discover Checking Account Requirements
Discover Money Market vs Savings
Is Discover a Good Bank
Is Discover Savings Worth It
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GO2bank Review
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