Features

Discover provides a variety of CD products that range from 3 months to 120 months. As of October 2015, the maximum APY is 2.30% (120 months).

- The minimum amount to open an account is $2,500 and there is a penalty fee for early withdrawal that ranges from 3 to 15 months simple interest on the amount withdrawn.

- Interest is calculated daily and there is no fee for incoming wire transfers or bank checks. There is, however, a $30 fee for outgoing wire transfers that is waived for IRA CDs.

As of October 2016, these are the APY rates Discover offers. 

3 months     0.35%
6 months     0.65%
9 months     0.70%
12 months   1.15%
18 months   1.20%
24 months   1.30%
30 months   1.35%
36 months   1.50%
48 months   1.60%
60 months   1.76%
84 months   1.95%
120 months 2.20%

These are the APY rates for Discover's Money Market accounts (as of October 2016):

$1,000 - $2,499      0.80%
$2,500 - $4,999      0.80%
$5,000 - $9,999      0.80%
$10,000 - $24,999  0.80%
$25,000 - $49,999  0.80%
$50,000 - $99,999  0.80%
$100,000 +             0.85%
 

  • Early Withdrawal Fee

CDs Products

js-table-filter bizname-discover-bank-30month-cds
0.35
js-table-filter deposit-term-166
js-table-filter early-withdrawal-fee-452
2500

Est. 1960

  • Early Withdrawal Fee
3-month APY 0.35%
Minimum Amount $2,500
100
js-table-filter bizname-discover-bank-24month-cds
0.35
js-table-filter deposit-term-165
js-table-filter early-withdrawal-fee-452
2500

Est. 1960

  • Early Withdrawal Fee
3-month APY 0.35%
Minimum Amount $2,500
100
js-table-filter bizname-discover-bank-18month-iras
0.35
js-table-filter deposit-term-162
js-table-filter deposit-term-163
js-table-filter deposit-term-164
js-table-filter deposit-term-165
js-table-filter deposit-term-166
js-table-filter deposit-term-167
js-table-filter deposit-term-168
js-table-filter early-withdrawal-fee-452
2500

Est. 1960

  • Early Withdrawal Fee
3-month APY 0.35%
Minimum Amount $2,500
000
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