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	SkyOne Federal Credit Union
	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER Online Savings Account - Earn 3.70% APY - Learn More Read Discover Bank Review	SPECIAL OFFER Money Market Deposit Account - 4.20% APY - Learn More
	Benefits and Features
Savings	3.70% APY
CD	2.00% to 4.10% APY depending on terms	3-Month High-Yield CD - 4.15% APY 48-Month Callable CD - 4.15% APY 1-Month High-Yield CD - 4.10% APY 12-Month Callable CD - 4.10% APY 5-Month High-Yield CD - 4.00% APY 12-Month High-Yield CD - 4.00% APY 12-Month No-Penalty CD - 3.90% APY 36-Month High-Yield CD - 3.90% APY 15-Month High-Yield CD - 3.80% APY 18-Month High-Yield CD - 3.75% APY 22-Month High-Yield CD - 3.70% APY
Checking	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market	3.60% APY under $100,000; 3.65% APY $100,000 or more.
ATMs	Over 60,000 no-fee ATMs
Customer Service	24/7
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%.
Locations	Online Only	3 branches and 4,000+ Shared Branches nationwide
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: High yield No fees 24/7 customer service Cons: No interest checking
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review
	Visit Site	Visit Site
	Online Savings Account - Earn 3.70% APY Online Checking Account - Earn Cash Back Discover® Cashback Checking - Up to $30/Month Cashback	Money Market Deposit Account - 4.20% APY 12-Month No-Penalty CD - 3.90% APY 1-Month High-Yield CD - 4.10% APY
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. SkyOne Federal Credit Union: Information sourced from the published website as of 02/21/2025.

Member FDIC

Online Savings Account - Earn 3.70% 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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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.

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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.