Discover Bank – Discover CD

Product Info:

  • Earn a competitive rate– that consistently beats the National Average
  • Interest on your terms– accumulate interest in your CD or transfer it to another account
  • No market risk– your principle is secure and not subject to fluxations in the market
  • Manage and track your account online or by phone 24 hours a day
  • Accumulate interest in your CD or transfer the interest to another account
  • Schedule regular interest deposits to the account of your choice
  • We'll notify you with renewal options that meet your needs
  • Choose automatic renewal for the same term at a rate that consistently beats the National Average
  • Add to a maturing CD, fund a new one with a free online transfer, or transfer the balance to another account
To find out more, visit Discover Bank's website.
Current Rates
Term APY Min Deposit
3 months 0.40 % $2,500
6 months 0.75 % $2,500
9 months 0.80 % $2,500
1 year 1.00 % $2,500
18 months 1.05 % $2,500
2 years 1.15 % $2,500
30 months 1.20 % $2,500
3 years 1.35 % $2,500
4 years 1.55 % $2,500
5 years 1.75 % $2,500
7 years 2.00 % $2,500
10 years 2.45 % $2,500
Rates last updated: 2/7/2012

Discover CD Rate History

3 month CD Rates

Product Fees

Fees

  • Less than 1 Year until Maturity: 3 months simple interest on the amount withdrawn
  • 1 Year up to and including 5 Years until Maturity: 6 months simple interest on the amount withdrawn
  • Greater than 5 Years until Maturity: 9 months simple interest on the amount withdrawn


Services

  • Incoming Domestic Wire: Free
  • Incoming International Wire: Free
  • Foreign Check Conversion: At cost
  • Outgoing Domestic Wire: $20
  • Outgoing International Wire: $40
  • Copy of Statement, Check, Deposit Item: $5
  • Priority Mail: $20

Latest Rate Updates

9 month Discover CD
0.85% ⇒ 0.80%
1/26/12
10 year Discover CD
2.50% ⇒ 2.45%
1/25/12
7 year Discover CD
2.05% ⇒ 2.00%
1/25/12
5 year Discover CD
1.80% ⇒ 1.75%
1/25/12
4 year Discover CD
1.60% ⇒ 1.55%
1/25/12
3 year Discover CD
1.40% ⇒ 1.35%
1/25/12
30 month Discover CD
1.25% ⇒ 1.20%
1/25/12
2 year Discover CD
1.20% ⇒ 1.15%
1/25/12
18 month Discover CD
1.10% ⇒ 1.05%
1/25/12
7 year Discover CD
2.10% ⇒ 2.05%
12/20/11