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.

	UFB Direct	Discover Bank
	Member FDIC	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER UFB Secure Savings - Earn up to 5.25% APY - Learn More Read UFB Direct Review	SPECIAL OFFER Online Savings Account - Earn 4.25% APY - Learn More Read Discover Bank Review
	Benefits and Features
Savings	Up to 5.25% APY	4.25% APY
CD	N/A	2.00% to 4.70% APY depending on terms. $2,500 minimum
Checking	N/A	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market	Up to 5.25% APY	4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit.
Mobile App	iOS & Android
ATMs	Free withdrawals at 91,000 ATMs across the nation	Over 60,000 no-fee ATMs
Customer Service	Mon - Fri: 8 am - 5 pm PT	24/7
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	Online only	Online Only
	CreditDonkey® Reviews

Savings
Money Market
Mobile App
Customer Service
Checking
Pros & Cons	Pros: Competitive APYs Easy online banking Cons: Limited transactions No physical locations	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs
Bottom Line	Safe digital bank for high APYs on personal savings and MMAs... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Visit Site	Visit Site
	UFB Secure Savings - Earn up to 5.25% APY UFB Secure Money Market - Earn up to 5.25% APY	Online Savings Account - Earn 4.25% APY Online Checking Account - Earn Cash Back Discover® Cashback Checking – Up to $30/Month Cashback
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.

Member FDIC

Online Savings Account - Earn 4.25% APY

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No fees
No minimum opening deposit
No minimum balance required

Member FDIC

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.

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Member FDIC

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.

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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.