Available nationwide, Discover Bank is now currently offering Certificates of Deposits (CDs) with rates up to 2.35% APY. You’ll find the Best Discover Bank CD Rates below from 3-month to 120-month term. Keep in mind that you’d need at least $2,500 to open your account and lock in your rate. You can open a CD for a variety of ownership types such as Individual, Trust, Custodial, Guardian and Estates.
Discover Bank has been a top competitor card-issuer for quite some time now. What you may not know is that they’re also revered for their exceptional CD accounts and rates online. Their 12-months to 10 years CD Rates are always consistently competitive giving the consumers the ability to earn even higher interest returns with flexible terms.
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Discover CD Summary:
- Apply Now
- Account Type: CD account
- APY Rate: 2.35%
- Availability: Nationwide
- CD Length: Up to 10 Years
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: $2,500
- Additional Requirements: Must have an address, phone, email and social security number (or other taxpayer ID).
- Early Withdrawal Fee: There is a fee if you withdraw before the maturity date; you will be given a 9 day grace period.
- Auto-Renewal: The account will automatically renew upon maturity.
Discover CD Features:
- No monthly fees
- Minimum balance requirement of just $2,500
- Flexible terms: 3 months to 10 years
- 2.35% APY: one of the highest rates available nationwide for a 10-Year term
- Daily compounded interest rate and credited monthly
- FDIC insured of up to $250,000
How To Fund Discover CD:
- Online transfer from an eligible Discover Bank Account or an external bank account
- Phone Transfers (available for initial funding only)
- Mail a check that includes your CD Account number, made payable to you to:
PO Box 30417
Salt Lake City, UT 84130
If you’re currently looking for a long term investment offer topping at 10 years then you should consider checking out Discover’s CD. With up to 2.35% APY given to you in a 10-Year’s term, this is quite the generous interest rate that could potentially earn you an exceptional amount of money on your deposit balance.
There’s a variety of ownership accounts to choose from and you’ll receive flexible terms and convenient ways to transfer your money as well. There is a fee if you withdraw before the maturity date of 9 day grace period. Keep in mind that your account will automatically renew upon maturity. Be sure you check out our complete list of the Best National CD Rates to satisfy all your banking needs!
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