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.
| | Member FDIC |
| Learn More | Visit Site |
| OFFER Refinance Student Loans - Learn MoreRead SoFi Review | SPECIAL OFFER Online Savings Account - Earn 4.25% APY - Learn MoreRead Discover Bank Review |
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| Benefits and Features |
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Savings | Up to 4.60% APY | 4.25% APY |
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CD | N/A | 2.00% to 4.70% APY depending on terms. $2,500 minimum |
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Checking | 0.50% APY on checking balances with direct deposit activity or qualifying deposits | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details |
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Money Market | | 4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit. |
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ATMs | | Over 60,000 no-fee ATMs |
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Customer Service | | 24/7 |
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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%. |
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Locations | | Online Only |
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| CreditDonkey® Reviews |
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Fees | | |
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Eligibility | | |
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Interest Rates | | |
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Savings | | |
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Checking | | |
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Money Market | | |
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Mobile App | | |
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Customer Service | | |
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Pros & Cons | Pros:- Competitive, fixed rates
- Low fees
- No collateral
Cons:- Slower underwriting process
- High standards for borrowers
| Pros:- High yield
- No fees
- 24/7 customer service
Cons:- No interest checking
- $2,500 minimum deposit for CDs
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Bottom Line | Personal loans with low APR and fees. Must have good credit to qualify... Read full review | Solid online bank with high APY rates and good customer service... Read full review |
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| Learn More | Visit Site |
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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 03/15/2024. |
Member FDIC
- No fees
- No minimum opening deposit
- No minimum balance required
Member FDIC
- 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.
Member FDIC
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: SoFi 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 SoFi or Chase.
Articles on SoFi
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.
SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.
Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.
Thinking about buying a home or refinancing your existing mortgage? Is SoFi a good online lender or should you stick with a traditional bank? Read on for the pros and cons.
Articles on Discover Bank
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.
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.
Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.
Wondering if there is a Discover® Bank near you? Read this article to find out.
Does Discover® Cashback Debit have any fees? Find out if they are completely fee-free.
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.
Discover® Cashback Debit doesn't have a minimum balance. But what's the catch? Read on for all the details.
Discover® checking account offers no monthly fees and a rewarding cashback program. Here's what you need to open an account today.
Discover® Bank boasts solid rates for both their money market and savings accounts. Find out which one is more suited for you.
Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.
Is your money secure in a high-yield Discover® savings account? Get your answers now.
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