Discover Bank (FDIC certificate 5649) was established in 1911 and operates online. Mr. Nathan Hill, President of Discover Bank, leads a team of 9958 employees.The bank's parent holding company, DISCOVER FINANCIAL SERVICES is based in Riverwoods, IL.
Discover Bank, headquartered in Greenwood, DE, is rated 4 stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a 4 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 $79 Billion in total assets, the FDIC classifies the bank’s asset concentration as "Credit-card Lenders" which is defined as Institutions whose credit-card loans plus securitized receivables exceed 50 percent of total assets plus securitized receivables..
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I want to Deposit: $10,000
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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