On the surface,  Discover is a well-known brand with a lengthy history and high profits in the recent years.  In 2008, the bank has endured difficult financial circumstances. Discover was able to repay these funds by 2010 even after the financial crisis of 2007–2008, when the bank received $1.2 billion in federal bailout funding.  Naturally, Discover is also FDIC insured, so even if the bank experiences financial difficulties, you can be confident that your deposits up to $250,000 are protected by federal insurance.