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Discover Bank vs SkyOne Federal Credit Union

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to SkyOne Federal Credit Union? Read our comparison chart below.

Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.

While SkyOne Federal Credit Union was founded in July 1949 to serve those in the aeronautics and space sector and their families. Today, it also offers high-yield savings products to everyone nationwide exclusively through Raisin.

Compare Discover Bank with SkyOne Federal Credit Union, side-by-side.

 Discover Bank
Member FDIC
SkyOne Federal Credit Union
 Visit SiteVisit Site
 

Discover Bank

SkyOne Federal Credit Union

SPECIAL OFFER
Discover® Online Savings - $200 Cash Bonus - Learn More

Read Discover Bank Review

SPECIAL OFFER
Money Market Deposit Account - 4.68% APY - Learn More

 

Benefits and Features

Savings
4.00% APY
 
CD2.00% to 4.10% APY depending on terms
  • 1-Month High-Yield CD - 4.66% APY
  • 12-Month Callable CD - 4.50% APY
  • 3-Month High-Yield CD - 4.25% APY
  • 48-Month Callable CD - 4.25% APY
  • 5-Month High-Yield CD - 4.10% APY
  • 12-Month No-Penalty CD - 4.00% APY
  • 36-Month High-Yield CD - 4.00% APY
  • 12-Month High-Yield CD - 3.95% APY
  • 15-Month High-Yield CD - 3.90% APY
  • 18-Month High-Yield CD - 3.85% APY
  • 22-Month High-Yield CD - 3.80% APY
CheckingCashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details 
Money Market3.80% APY under $100,000; 3.85% APY $100,000 or more. 
ATMs
Over 60,000 no-fee ATMs
 
Customer Service
24/7
 
IRA CD9-month CD APY of 4.00%. 12-month CD APY of 4.10%. 18-month CD APY of 3.80%. 24-month CD APY of 3.60%. 5-year CD APY of 3.40%. 
Locations
Online Only
3 branches and 4,000+ Shared Branches nationwide
 

CreditDonkey® Reviews

 Discover BankSkyOne Federal Credit Union
SavingsStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf Star
Mobile AppStarStarStarStarStar
Customer ServiceStarStarStarStarStar
Pros & ConsPros:
  • High yield
  • No fees
  • 24/7 customer service
Cons:
  • No interest checking
Bottom LineSolid online bank with high APY rates and good customer service... Read full review
 Visit SiteVisit 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 10/22/2024

SkyOne Federal Credit Union: Information sourced from the published website as of 10/28/2024.

Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 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, including co-branded, or affinity accounts. 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 the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 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 your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.

Expires 3/13/2025
Discover Bank
Member FDIC

Discover® Online Savings - $150 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 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, including co-branded, or affinity accounts. 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 the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 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 your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.

Expires 3/13/2025
Discover Bank
Member FDIC

Online Savings Account - Earn 4.00% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required

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.


Articles on Discover Bank

Discover Bank Review

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.

Discover Savings

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.

Discover CD

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Savings Bonus

Earn up to $200 bonus by opening a Discover® Online Savings Account. Find out how to qualify with the correct bonus.

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Discover Checking Account Fees

Does Discover® Cashback Debit have any fees? Find out if they are completely fee-free.

Who Owns Discover

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 Checking Account Minimum Balance

Discover® Cashback Debit doesn't have a minimum balance. But what's the catch? Read on for all the details.

Discover Checking Account Requirements

Discover® checking account offers no monthly fees and a rewarding cashback program. Here's what you need to open an account today.

Discover Money Market vs Savings

Discover® Bank boasts solid rates for both their money market and savings accounts. Find out which one is more suited for you.

Is Discover a Good Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Which Do You Think is Best?





Which Bank Account is Right for You?


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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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