Discover Bank is offering great rates for their online certificate of deposit (CD) accounts. See the current rates below.
- Update 2/5/2025: Rates have changed, see new rates below. Check out the CD rates from CIT Bank, they are also very competitive.
- Update 1/19/2024: Rates remain competitive at 5.00% APY.
- Update 11/8/2023: Rates updated.
- Update 10/4/2023: 12 month CD gets another increase to 5.00%.
- Update 7/27/2023: 12 month term gets small increase.
- Update 7/3/2023: Several rate updates and terms added.
- Update 5/16/2023: Their 12-month CD rate increased from 4.50% to 4.75% and 60-month CD rate decreased from 4.10% to 4.00%.
- Update 2/27/2023: Their 12-month CD rate increased from 4.25% to 4.50%
- Update 2/22/2023: Their 60-month CD rate decreased from 4.30% to 4.10%
- Update 2/7/2023: Their APY rates changed on several term lengths.
- Update 12/27/2022: Their APY rates increased across the board.
Quick Facts:
- 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.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, AND BMO.
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 |
|---|---|
| 9 Month CD | 3.80% |
| 12 Month CD | 4.00% |
| 18 Month CD | 3.80% |
| 24 Month CD | 3.80% |
| 36 Month CD | 3.50% |
- Available nationwide
- Minimum for APY: $2,500
- Maximum for APY: –
READ MORE: COMPARE WITH THE BEST NATIONWIDE 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
More from Discover:
- Discover Bank Promotions: $150 or $200 Savings Account Bonus [Nationwide] – Ends 9/11/25
- Discover Bank Money Market Account Earns up to 3.55% APY (Nationwide)
- Discover Bank Promotions: $150 or $400 Savings Account Bonus [Nationwide] – Ended
- Discover Bank $150 or $500 Savings Account Bonus [Nationwide] – Ended
- Discover Bank Bonus: $100-$150 Offer For Existing Customers [Targeted] – Ended
- Discover Bank Promotions: $150 or $450 Savings Account Bonus – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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