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.
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Learn More | Visit Site | |
SoFi | Discover Bank | |
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Personal Loans: Borrow Between $5k-$100k - | Online Savings Account - Earn 3.40% APY - | |
Benefits and Features | ||
Savings | 3.80% APY on savings balances with direct deposit or qualifying deposits (1.00% APY without) | |
CD | 2.00% to 4.00% APY depending on terms | |
Checking | ||
Mobile App | ||
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 | |
Locations | ||
CreditDonkey® Reviews | ||
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Fees | ![]() ![]() ![]() ![]() ![]() | |
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Eligibility | ![]() ![]() ![]() ![]() ![]() | |
Savings | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | |
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Mobile App | ![]() ![]() ![]() ![]() ![]() | |
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Pros & Cons | Pros:
| Pros:
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Bottom Line | Personal loans with low APR and fees. Must have good credit to qualify... | Solid online bank with high APY rates and good customer service... |
Learn More | 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. Discover Bank: Pricing information and data points from published website as of 09/30/2025. |
Online Savings Account - Earn 3.40% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Certificate of Deposit
- 3.50% APY for 6-month term
- 4.00% APY for 12-month term
- 3.80% APY for 18-month term
- 3.60% APY for 24-month term
- 3.60% APY for 36-month term
- 3.60% APY for 5-year term
Discover® CD Rates
- No minimum opening deposit required
- No fees
- FDIC insured
Term | CD Rates |
---|---|
3 Months | 2.00% APY |
6 Months | 3.50% APY |
9 Months | 3.50% APY |
1 Year | 4.00% APY |
1.5 Years | 3.80% APY |
2 Years | 3.60% APY |
2.5 Years | 3.60% APY |
3 Years | 3.60% APY |
4 Years | 3.60% APY |
5 Years | 3.60% APY |
7 Years | 3.50% APY |
10 Years | 3.50% APY |
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 Wells Fargo.