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Discover Bank vs UFB Direct

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to UFB Direct? Read our comparison chart below.

Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.

While 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.

Compare Discover Bank with UFB Direct, side-by-side. Read on for an in-depth look, including ratings, reviews and pros.

 Discover Bank
Member FDIC
UFB Direct
Member FDIC
 Visit SiteVisit Site
 

Discover Bank

UFB Direct

SPECIAL OFFER
Discover® Online Savings - $200 Cash Bonus - Learn More

Read Discover Bank Review

SPECIAL OFFER
UFB Portfolio Savings - Earn up to 4.01% APY - Learn More

Read UFB Direct Review

 

Benefits and Features

Savings
3.50% APY
Up to 4.01% APY
CD2.00% to 4.20% APY depending on terms
N/A
Checking 
N/A
Money Market 
Up to 4.01% APY
Mobile App
iOS & Android
iOS & Android
ATMs
Over 60,000 no-fee ATMs
Free withdrawals at 91,000 ATMs across the nation
Customer Service
24/7
Mon - Fri: 8 am - 5 pm PT
Locations
Online Only
Online only
 

CreditDonkey® Reviews

 Discover BankUFB Direct
SavingsStarStarStarStarHalf StarStarStarStarStarStar
CheckingStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarStarStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • High yield
  • No fees
  • 24/7 customer service
Pros:
  • Competitive APYs
  • Easy online banking
Cons:
  • Limited transactions
  • No physical locations
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewSafe digital bank for high APYs on personal savings and MMAs... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Discover Bank: Pricing information and data points from published website as of 07/22/2025.

UFB Direct: Pricing information from published website as of 06/07/2025.

Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.

Expires 9/11/2025
Discover Bank
Member FDIC

Discover® Online Savings - $150 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.

Expires 9/11/2025
Discover Bank
Member FDIC

Online Savings Account - Earn 3.50% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
UFB Direct
Member FDIC

UFB Portfolio Savings - Earn up to 4.01% APY

  • Earn up to 4.01% APY.*
  • No monthly maintenance fees.
  • No minimum deposit required to open an account.
  • Access your funds 24/7 with easy-to-use digital banking tools.
  • Enjoy peace of mind with FDIC insurance up to the maximum allowance limit – Certificate #35546.
UFB Direct
Member FDIC

UFB Freedom Checking & Savings - Unlock Up to 4.21% APY

Combine Freedom Checking with Portfolio Savings to boost your savings APY by up to 0.20%.* Fewer fees, faster transactions. Plus, earn 2.00% APY* on your checking account.

UFB Direct
Member FDIC

UFB Portfolio Money Market - Earn up to 4.01% APY

  • Earn up to 4.01% APY*
  • Enjoy no monthly maintenance fees with a $5,000.00 balance, otherwise fee is $10.00 per month.
  • Access your funds 24/7 with easy-to-use digital banking tools.
  • Have peace of mind with FDIC insurance up to the maximum allowable limit – Certificate #35546.

Which is Better: Discover Bank or UFB Direct?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Discover Bank or Chase.

In short: Discover Bank's customer service is outstanding.


Articles on Discover Bank

Discover Savings Review

Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

Discover Online Savings Account Review

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

Discover CD

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Bank Bonus

Want to get cash bonuses on a Discover® Bank Online Savings Account? Read on to learn about the promotions currently available.

Discover Savings Bonus

Earn up to $200 bonus by opening a Discover® Online Savings Account. Find out how to qualify with the correct bonus.

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Is Discover Bank a Good and Real Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Articles on UFB Direct

UFB Direct Review

UFB Direct offers high interest rates. But is it a safe choice? Find out in this review.

UFB Direct Savings vs Money Market

UFB Direct offers high APYs on savings and money market accounts. Find out which one suits your financial needs best. Get a higher rate today.

Which Do You Think is Best?





Which Bank Account is Right for You?


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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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