Discover Bank vs Navy Federal Credit Union
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Navy Federal Credit Union? Read our comparison chart below.
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| Visit Site | Learn More | |
Discover Bank | Navy Federal Credit Union | |
|---|---|---|
Discover® Online Savings - $200 Cash Bonus - | Referral Program - Up to $500 Bonus - | |
Benefits and Features | ||
| Savings | Share Savings Account: 0.25% APY. $5 minimum deposit. A Membership Savings Account with a $5 minimum is required to establish and maintain membership. | |
| CD | 2.00% to 4.10% APY depending on terms | Standard Certificate: as high as 4.05%. Terms of 3 months to 7 years. Minimum deposit of $1,000. |
| Checking | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details | Free Active Duty Checking, Free Easy Checking, Free EveryDay Checking, Flagship Checking, Free Campus Checking, Business Checking Accounts |
| Money Market | 3.60% APY under $100,000; 3.65% APY $100,000 or more. | |
| Mobile App | ||
| ATMs | Over 1.7 million Navy Federal and CO-OP Network ATMs | |
| Customer Service | Phone: 888-842-6328 24/7 customer support Online chat | |
| IRA CD | 9-month CD APY of 3.80%. 12-month CD APY of 4.00%. 18-month CD APY of 4.00%. 24-month CD APY of 4.10%. 5-year CD APY of 3.50%. | As high as 4.05%. Terms of 3 months to 7 years. Minimum deposit of $1,000. |
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CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Solid online bank with high APY rates and good customer service... | Savings account with low APY, best for military personnel... |
| Visit Site | Learn More | |
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 02/15/2025. Navy Federal Credit Union: Pricing information from published website as of 01/06/2025 based on 91107 zip code. | ||
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 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 09/11/2025, 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 CY325 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 09/11/2025, 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 3.70% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: Discover Bank or Navy Federal Credit Union?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Discover Bank or Chase.
In short: Discover Bank's savings, mobile app, and customer service are worth mentioning. In particular, the mobile app and customer service are outstanding.
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