Discover Bank (FDIC certificate 5649) was established in 1911 and operates online. Mr. Nathan Hill, President of Discover Bank, leads a team of 10238 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 $83 billion in total assets, the FDIC classifies the bank’s asset concentration as Credit-Card Specialization.
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With the national average barely above one percent, Discover Bank is once again offering unmatched CD rates that soar above the competition....
- By Casey Bond
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