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Certificate of Deposit

Earn on your
terms – without
the risk.

 

 

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Preferred Member Rates!Products offering the AAA preferred member rates are subject to change without notice and are determined at the sole discretion of Discover Bank. Preferred member rates are already reflected in quoted rates.

Get guaranteed returns with worry-free ease. No minimum deposit to open, plus earn preferred rates on all CD terms.
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. No minimum deposit to open.

12-month term
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. No minimum deposit to open.

24-month term
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. No minimum deposit to open.

5-year term

Earn more with preferred rates

Preferred member rates are already reflected in quoted rates.

on all CD terms.

Initial deposit

$
Earned interest with Discover

Assumes principal and interest remain on deposit and interest rate and APY do not change. The values shown are for illustrative and informational purposes only and may not apply to your individual circumstances.

% APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. No minimum deposit to open.

Say goodbye to fees.

No. Fees. Period. That means you won't be charged an account fee on our CD account.

Outgoing wire transfers are subject to a service charge. A penalty may be charged for early withdrawal from a CD account.

$0
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What is a certificate of deposit?

Guaranteed rates

Never mind what the market does. Because you commit to a specific CD term, your rate is locked in no matter what.

Hands off, on purpose

Sit back and relax. Once you set up your certificate of deposit, you won’t have to worry about a thing.

Step up those earnings

A “CD ladder” is when you open several CDs with different maturity dates. It’s a smart way to build on earnings as your high-yield CDs mature.

Need your money early?

Just keep in mind that all Certificate of Deposit accounts have a penalty if you withdraw before your maturity date. The early withdrawal penalty depends on the length of the CD.

“Simple interest” is calculated by multiplying the daily interest rate by your principal by the number of days that elapse between payments. (One month equals 30 days for simple interest fee calculation.)

Beginning on the 8th day after your CD is opened and funded and for the next 22 calendar days, we will deduct each day’s simple interest on the issue amount withdrawn from the funding date to the date of withdrawal. Thereafter, the Early Withdrawal Penalty will be calculated as described in the chart below.

In some cases, the early withdrawal penalty may reduce the principal in the CD.

CD TERM

Early Withdrawal Penalties shown apply to new CDs.

less than 1 year
1 year to < 4 years
4 years to < 5 years
5 years to < 7 years
7 years to 10 years
PENALTY
3 months simple interest
6 months simple interest
9 months simple interest
18 months simple interest
24 months simple interest

Get going on those goals.

Why wait? Let a certificate of deposit help you start working toward yours.