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Discover Bank is offering great rates for their online certificate of deposit (CD) accounts. See the current rates below.
Update 2/7/2023: Their APY rates changed on several term lengths.
Update 12/27/2022: Their APY rates increased across the board.
- Discover Bank is an online-only bank that offers some of the best nationwide rates for its Money Market and Certificate of Deposit (CDs) accounts.
- CDs are available in term lengths ranging from 3 months to 10 years.
- CDs can be opened online and have no fees.
- With the Discover mobile app, check on your CD account anytime.
See the Posts History below for all Discover Bank offers.
Discover Bank CD Account Details

Discover Bank CD accounts are available with terms ranging from 3 months to 10 years.
Here is a table with the current rates for the most popular CD terms offered by Discover.
Term | APY |
---|---|
12 Month CD | 4.25% |
24 Month CD | 4.30% |
60 Month CD | 4.30% |
- Available nationwide
- Minimum for APY: $2,500
- Maximum for APY: –
Read more: Compare with the nation’s best CD rates here.
Account Features
- Discover’s high-yield CD account combines guaranteed returns with worry-free ease.
- Lock in your rate with terms from 3 months to 10 years.
- Initial deposit is $2,500.
- All Certificate of Deposit accounts have a penalty if you withdraw before your maturity date. The early withdrawal penalty depends on the length of the CD, ranging from 3 to 24 months simple interest.
- To open an account:
- Just give them a few basics (like address and Social Security number).
- Make a deposit now or come back and do it later.
- Check your email for a confirmation.
- FDIC insured
Posts History for Discover Bank:
- [Expired] Discover Bank $150 or $500 Savings Account Bonus [Nationwide]
- Discover Bank Promotions: $150 or $200 Savings Account Bonus [Nationwide] – Ends 3/15/23
- Discover Bank Money Market Account Earns up to 3.25% APY (Nationwide)
- [Expired] Discover Bank Promotions: $150 or $450 Savings Account Bonus
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