The route to Discover Bank's rank as one of the nation's leading direct banks today stems from the 1986 pioneer-launch of the Discover card. Discover changed credit card features by pioneering cash rewards and offering a card with no annual fee. Today, Discover is a leading direct bank and electronic payment services company that offers an array of banking products. Discover operates PULSE, one of the nation's leading ATM/debit networks; Discover Network, with millions of merchant and cash access locations; and Diners Club International, a globalpayments network with acceptance in more than 185 countries and territories.
Discover Bank offers banking products such as home loans, private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts. Discover provides you with the tools and resources to manage your money with confidence. A savings strategy can give you both flexibility and yield with Discover's high-yield CDs as well as liquid money market and online savings accounts, which give you access to your cash anytime. Plan and save for your retirement with very low risk by diversifying your portfolio by laddering Discovery's CDs with varying rates and maturities.
Discover Bank (FDIC certificate 5649) was established in 1911 and operates online. Mr. Nathan Hill, President of Discover Bank, leads a team of 10475 employees.The bank's parent holding company, DISCOVER FINANCIAL SERVICES is based in Riverwoods, IL.
Discover Bank, headquartered in Greenwood, DE, is rated four stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a four star rating indicates, among other things, that this institution has at least 1½ times the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
Discover Bank is a state chartered commercial bank and not a member of Federal Reserve. With $86 billion in total assets, the FDIC classifies the bank’s asset concentration as Credit-Card Specialization.
Discover Bank keeps it simple and straightforward. Evaluate their rates and account options below, then open an account securely to take advantage of these great rate offers.
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