About Discover Bank
The Discover card made its debut in the mid-1980s when Sears, Roebuck & Co. still offered financial services. Sears’ bank, the Greenwood Trust Co., was later renamed Discover Bank in 2000. It is headquartered in Greenwood, Delaware.
Discover has grown to become one of the largest credit card issuers in the country. As a retail bank, it offers CDs, checking and money market accounts and a high-yield savings account.
Discover Bank is a great option for consumers hoping to manage their credit cards and bank accounts in one place. You’re better off banking elsewhere, however, if you want wider access to bank branches or deposit accounts with higher yields.