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 | |
|---|---|---|
Personal Loans: Borrow Between $5k-$100k - | Discover® Online Savings - $200 Cash Bonus - | |
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 |   | |
| Interest Rates | | |
| Eligibility |  | |
| Savings | | |
| Checking | | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| 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. | ||
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY925 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 03/12/2026, 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 Offer may be modified or withdrawn without notice.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.
Discover® Online Savings - $150 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY925 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 03/12/2026, 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.
Online Savings Account - Earn 3.40% APY
- No fees
- No minimum opening deposit
- No minimum balance required
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.
Articles on SoFi
SoFi Personal Loan Review
SoFi Bank
SoFi Bank Locations
SoFi High Yield Savings
Articles on Discover Bank
Discover Savings Review
Discover Savings Account Review
Discover CD Rates
Discover Bank Bonus
Discover Savings Account Bonus
Discover Bank Locations
Who Owns Discover
Is Discover Bank a Good and Real Bank
Is Discover Savings Worth It
Which Do You Think is Best?
Which Bank Account is Right for You?
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