UFB Direct vs Discover Bank
UFB Direct is a safe digital bank for high APYs on personal savings and MMAs. How does it compare to Discover Bank? Read our comparison chart below.
UFB Direct specializes in online savings accounts with competitive APYs. The UFB Savings has no monthly fees and comes with a complimentary ATM card, while the UFB Money Market has balance requirements but offers check-writing privileges.
While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. There are no service fees.
Compare UFB Direct with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
UFB Direct | Discover Bank | |
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UFB Secure Savings - Earn up to 5.25% APY - | Online Savings Account - Earn 4.25% APY - | |
Benefits and Features | ||
Savings | ||
CD | 2.00% to 4.70% APY depending on terms. $2,500 minimum | |
Checking | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details | |
Money Market | 4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit. | |
Mobile App | ||
ATMs | Free withdrawals at 91,000 ATMs across the nation | |
Customer Service | ||
IRA CD | 12-month CD APY of 4.70%. 18-month CD APY of 4.40%. 24-month CD APY of 4.00%. 5-year CD APY of 3.75%. | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Checking | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Safe digital bank for high APYs on personal savings and MMAs... | Solid online bank with high APY rates and good customer service... |
Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. UFB Direct: Pricing information from published website as of 04/11/2024. Discover Bank: Pricing information and data points from published website as of 04/26/2024. |
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Online Checking Account - Earn Cash Back
- 1% cash back on up to $3,000 in debit card purchases each month. See website for details
- No fees
- Early Pay - Get your paycheck up to two days early with no charge
- No credit impact - You can apply without affecting your credit score.
- Access to over 60,000 no-fee ATMs in the U.S.
Discover® Cashback Checking – Up to $30/Month Cashback
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.
Which is Better: UFB Direct or Discover Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing UFB Direct or Chase.
In short: Discover Bank's customer service is outstanding.