Discover Bank vs USAA Bank

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

	Discover Bank	USAA Bank
	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Discover® Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review	SPECIAL OFFER Personal Checking Account - $200 Bonus - Learn More Read USAA Bank Review
	Benefits and Features
Savings	3.70% APY	USAA Savings and USAA Youth Savings: 0.01% APY. $25 to open. USAA Performance First Savings: Earn up to 1% APY. $1,000 to open.
CD	2.00% to 4.10% APY depending on terms	0.05% to 2.25% APY. Terms of 91 days to 7 years. Minimum deposit of $1,000 to open.
Checking	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details	Classic Checking, Youth Spending
Money Market	3.60% APY under $100,000; 3.65% APY $100,000 or more.
Mobile App		iOS & Android
ATMs	Over 60,000 no-fee ATMs	100,000+ USAA and USAA-preferred ATMs
Customer Service	24/7	Monday - Friday: 9AM - 5PM (ET) Saturday: 8:30AM - 1PM (ET)
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%.	0.01% APY. Terms of 182 days to 1 year. Minimum deposit of $250.
Locations	Online Only	4 financial centers in Colorado, New York, Maryland, and Texas
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
Fees
Pros & Cons	Pros: High yield No fees 24/7 customer service Cons: No interest checking	Pros: $0 monthly fees Free bank card Cons: Low APY Not available for all
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	Savings account with low rate and limited availability... Read full review
	Visit Site	Learn More
	Discover® Online Savings - $200 Cash Bonus Discover® Online Savings - $150 Cash Bonus Online Savings Account - Earn 3.70% APY	Personal Checking Account - $200 Bonus 6-Month CD - 2.25% APY 9-Month CD - 2.00% 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. USAA Bank: Pricing information from published website as of 02/08/2025.

Member FDIC

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.

Get Deal

Expires 9/11/2025

Member FDIC

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.

Get Deal

Expires 9/11/2025

Member FDIC

Online Savings Account - Earn 3.70% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Which is Better: Discover Bank or USAA Bank?

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 and customer service are worth mentioning. In particular, the customer service is outstanding.

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 Online Savings Account Review

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.