Discover Bank CD
in CD Accounts from Discover Bank
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| Minimum Deposit | $2,500 |
| APY (Annual Percentage Yield) | 0.35% - 2.20% |
| Deposit Term |
|
Discover Bank CD Review
Discover Bank CD is offered by Discover Bank, a bank founded in 1985 and based in Greenwood, DE. Discover Bank CD is available in 50 states (and Washington, DC).
Are cd accounts from Discover Bank federally insured?
Yes, your Discover Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does Discover Bank offer?
- IRA
- Traditional
What APY does Discover Bank offer on its CDs?
Discover Bank CD offers an APY starting at 0.35% and ranging up to 2.20% (APY stands for annual percentage yield, rates may change).
What types of terms does Discover Bank CD offer?
Discover Bank offers CD terms of the following lengths:| Description | |
|---|---|
| APY (Annual Percentage Yield) | 0.35% - 2.20% |
| APY Type | Fixed APY |
| 3-Month APY | 0.35% |
| 6-Month APY | 0.65% |
| 11-Month APY | N/A |
| 12-Month APY | 2.00% |
| 2-Year APY | 2.05% |
| 3-Year APY | 2.05% |
| 4-Year APY | 2.05% |
| 5-Year APY | 2.10% |
| 7-Year APY | 2.15% |
What is the minimum deposit to open a CD account with Discover Bank?
Discover Bank CD requires a minimum initial deposit of $2,500 to open an account.
What types of early withdrawal penalties does Discover Bank CD charge?
Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.
Discover Bank does not charge an early withdrawal fee.
| Description | |
|---|---|
| Annual Fee | N/A |
| Transfer Fee | N/A |
| Rollover Fee | N/A |
| Early Withdrawal Fee Amount | N/A |
Contact
- Headquarters
-
502 E. Market Street
Greenwood, DE 19950 - Visit Site
Other Services by Discover Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Grace Period for Account Changes | 9 days |
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