Discover Bank Certificate of Deposit Accounts

Lock in a competitive rate and leave uncertainty behind. Secure a competitive fixed rate on all or part of your savings with a CD term of your choice.

Customize to your lifestyle

  • Choose terms ranging from 3 months to 5 years
  • Accumulate interest in your CD account or transfer it to the account of your choice
  • Fixed rates mean you can relax, knowing you’ll receive predictable returns

Free Online Banking Services

  • Online Banking lets you access your accounts wherever, whenever
  • Transfer money between your Discover Bank and non-Discover Bank accounts
  • View and manage your Discover Bank and non-Discover Bank accounts in one place with account aggregation

Savings made simple

  • CDs automatically renew at maturity for the same term at the current rate. We'll notify you before your account matures to offer you renewal options that meet your needs
  • Add to a maturing CD or fund a new one using our free online transfer

Bank with Confidence

  • In business for over 95 years, Discover Bank is part of Discover Financial Services - one of the most recognized financial service providers in the U.S.
  • Accounts are FDIC-insured up to applicable limits

Complement your existing savings plan with a short or long-term CD. Open multiple CDs of various terms and diversify your savings. Open one today!

4.60
%
APY
 

Discover Bank offers competitive rates that consistently exceed the National Average1

As of: May 6, 2008

 
TermInterest RateAPY2
3 months 2.75% 2.78%
6 months 3.00% 3.04%
9 months 3.30% 3.35%
1 year 3.45% 3.51%
1½ years 3.55% 3.61%
2 years 3.75% 3.82%
2½ years 3.75% 3.82%
3 years 3.95% 4.02%
4 years 4.25% 4.34%
5 years 4.50% 4.60%

Rates are applied based on the date the account is funded.

 

† Assumes principal and interest remain on deposit and interest rate does not change for the selected time period.

1 Based on comparison rates reported in a recent survey of financial institutions by Banxquote.com.

2 Annual Percentage Yield. CD rates apply to terms of 3 months to 5 years. A penalty is charged for early withdrawal. Fees could reduce earnings on the Account. All advertised rates shown are valid as of 05/06/08. Advertised rates are subject to change daily without notice.