With a Discover® Certificate of Deposit (CD) account, you’ll have the opportunity to earn some of the highest and most competitive rates today? If you’re looking for a safe, secure long or even short term investment, consider a Discover Bank CD.
You can select terms as short as 3 months up to 120 months long with rates ranging up to 4.00% APY depending on term length.
Update 6/11/25: There is now no minimum to open an account. If you’re looking for a safe, reliable bank to invest your cash in, sign up for a Discover Bank account today!
Opening an account is extremely quick and easy. Start today with any balance!
Member FDIC.
Discover Bank CD Account Summary
 • Available nationwide online • Discover offers CDs with some of the highest and most competitive rates! • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. |
Discover Bank CD Information
To earn a competitive APY rate, simply open a Discover Bank CD Account.
Get started in just a matter of minutes. CDs features include high interest rates, 24/7 Live Customer Service, Online Account Management, and FDIC Deposit Insurance up to $250,000 per individual account holder (FDIC certificate 5649).
- Account Type: Discover Bank CD Account
- Availability: Nationwide
- Expiration: None listed
- Credit Inquiry: Soft Pull
- Credit Funding: None
- Opening Deposit Requirement: None
- Direct Deposit Requirement: None
- Monthly Service Fee: None
- Early Termination Fees: None
- Promo Code(s): None
Discover Bank CD Rates
| CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 4.00% APY |
| 12-Month Term | 4.00% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.80% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.50% APY |
| 5-Year Term | 3.50% APY |
| 7-Year Term | 3.50% APY |
| 10-Year Term | 3.50% APY |
Account Requirements
Earn interest on terms as short as 3-months up to 120-month.
- Visit Discover Bank online.
- Enter your info: Provide your address, phone, email and social security number
- Fund your account: Make a deposit of any balance. You can send them a check or transfer funds from an existing bank account.
- Verify Information: Verify information and electronically sign your application.
- Confirmation Email: They’ll send a confirmation email, then watch the mail for your Welcome Kit.
Avoid Monthly Fees
There are no monthly fees involved with this Discover Bank CD Account.
Alternative Discover Accounts To Consider
Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.50% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
• Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.45% APY balances $100,000 and over • Earn 3.40% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs • Get started and open a Discover Money Market Account in 3 easy steps. |
-Available nationwide online -Select terms as short as 3 months up to 120 months -Rates ranging from 2.00% APY up to 4.00% APY -Step-by-step help available 24/7 by phone -Flexible options: Roth (pay now, save later) & Traditional IRAs (earn now, pay later) -Gather your retirement savings into one place. -Just three steps and you’re on your way to saving with a Discover IRA CD. |
Author’s Verdict
This Discover Bank CD Account offers a phenomenal return rate. To qualify for any of the listed rates, simply select the respective terms.
Discover Bank’s rates have been consistently competitive with terms as short as 3-months up to 120-months.
Definitely the route you would want to take for a guaranteed risk-free income as the rate on traditional savings accounts can fluctuate.
Let us know about your thoughts and experience with Discover Bank in the comment section below.
Be sure to check back on BankDealGuy for more bank deals and the best CD Rate Offers! For more from Discover, see our compiled list of the latest offers from Discover Bank.
(Visit Discover to learn more)
| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | $150/$200 bonus + 3.50% APY | Review |
| Discover® Bank CD | Up to 4.00% APY | Review |
| Discover® Bank Money Market | Up to 3.45% APY | Review |
| Discover® Bank IRA CD | Up to 4.00% APY | Review |
| Discover® Checking | $360 Cash Back | Review |
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