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Discover Bank was the only U.S.-based bank to receive top ratings by Lafferty Bank Quality Ratings (LBQR) in a recent report.
Discover Bank: Ranked #4 Globally
Discover Bank received an impressive fourth place ranking, for quality and excellence in banking. Discover was one of 100 global banks that the Lafferty Group evaluated in its recent LBQR report. One hundred major world banks from 28 countries were included in the report, with the majority of banks receiving a rating of two or three stars. Discover, however, receiving four out of five stars.
The Lafferty Bank Quality Ratings reports take a unique approach, using the annual reports from the banks to consider both quantitative and qualitative aspects of the bank and its performance.
In response to the LBQR report, the CEO of Discover, David Nelms, said, “Receiving a top rating for quality is gratifying to us given the emphasis that we place on it at Discover… We are focused on being a leading direct bank and payments partner and believe that if we serve our customers well, then our shareholders will benefit too.”
We here at checkinghelp.com have been singing the praises of Discover Bank for years now. We are happy to see Discover receiving some of the recognition it deserves for its excellent service and product offerings, including Discover checking and savings accounts.
Discover Bank Savings Accounts
Currently, Discover Bank is offering some of the highest interest rates available on online savings accounts, more than 5x the national average. Discover savings accounts are currently paying 1.15% on all balances. Compare that to major banks like Chase, Citibank and Bank of America that are paying 0.01%. Discover Bank savings accounts also do not charge any fees for monthly maintenance, maintaining a minimum balance, incoming wire transfers, and more. Where fees are charged, they are significantly less than other major banks. A Discover savings account allows you to keep more of your money and earn more on your money.
Discover Savings: Discover Bank offers a wide variety of online banking services that outperform most traditional banks when it comes to products, service and value.
Discover Savings Accounts: Get More For Less
The Discover Bank Savings Account pays a higher percentage rate than other major banks, advertised at five times the national average. There are no maintenance fees and no monthly minimum balance requirements for a Discover savings account. Discover Bank also requires $0 opening deposit. Plus, there are no fees for incoming wire transfers and no fees for official bank checks.
When Discover Bank does charge fees associated with a Discover savings account, those fees are lower than the average fees charged by other major banks. The Discover Bank mobile app also supports mobile deposits, and provides easy online and mobile banking options.
Discover Bank Checking Accounts
The Cashback Checking account rewards customers for making every day transactions. Please note that this checking account is available to Discover customers and cardholders only. A Discover checking account is free, with no monthly service charge and no minimum balance requirement.
Get Rewarded For Discover Checking Account Transactions
Cashbank Checking account holders earn a small cash back award on every transaction including debit card purchases, online bill payments and paper check transactions. These incentives currently can add up to a total of $120 per year that is refunded back to you.
Discover Bank: Free Incoming Wire Transfers
Free expedited service for replacement debit cards and free check reorders also help set this account apart from the competition. One of our favorite features of a Discover checking account, however, is free incoming wire transfers. We have not seen another major bank that does not charge a fee for incoming wires, which can really add up quickly.
Access Over 60,000 ATMs For Free
Discover checking account holders have access to over 60,000 ATMs in the country for free, without any fees. Discover Bank also offers features that are standard with other major banks like mobile deposits, free online bill pay, and free debit card replacement.
Discover Bank: Top Rated
With the exception of ATM withdrawals, all of your banking with Discover is done online via the Discover Bank website and the mobile app. Discover Bank is also known for providing excellent customer service. Discover was also recently rated fourth among banks in the world for excellence in banking.