SoFi vs Discover Bank

SoFi is a personal loans with low APR and fees. Must have good credit to qualify. How does it compare to Discover Bank? Read our comparison chart below.

		Discover BankWells FargoBank of AmericaCIT BankRobinhood Member FDIC
	Learn More	Learn More
	SoFi	Discover Bank
	OFFER Personal Loans: Borrow Between $5k-$100k - Learn More Read SoFi Review	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More
	Benefits and Features
Savings	3.60% APY on savings balances with direct deposit or qualifying deposits (1.00% APY without)	3.40% APY
CD	N/A	2.00% to 3.90% APY depending on terms
Checking	0.50% APY on checking balances
Mobile App	iOS & Android	iOS & Android
ATMs	55,000+ Allpoint ATMs	Over 60,000 no-fee ATMs
Customer Service	Checking and Savings Support: Phone: (855) 456-7634 Monday - Thursday: 5AM - 7PM PT Friday - Sunday: 5AM - 5PM PT 24/7 online chat	24/7
Locations	4 branch locations	Online Only
	CreditDonkey® Reviews
Fees
Interest Rates
Eligibility
Pros & Cons	Pros: Competitive, fixed rates Low fees No collateral Cons: Slower underwriting process High standards for borrowers
Bottom Line	Personal loans with low APR and fees. Must have good credit to qualify... Read full review
	Personal Loans: Borrow Between $5k-$100k Active Investing with SoFi SoFi Active Invest with SoFi Plus - Up to $2,000 Free Stock	Online Savings Account - Earn 3.40% APY Discover® CD Rates
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 12/15/2025.

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

Articles on SoFi

SoFi Personal Loan Review

SoFi offers unsecured personal loans if you need to borrow money ASAP. But is it legit (or not)? Learn how SoFi personal loans actually work.

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SoFi Bank

Seeking high rates and a great digital banking experience? SoFi Bank offers solid accounts and a top-rated mobile app. Read on to know more.

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SoFi Bank Locations

SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

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