No matter your financial strategy, our Certificate of Deposit rates can help you earn more on your terms.

What are the benefits of a CD?

Guaranteed rates

Once your CD is opened, your interest rate is locked in with the specific CD term that you choose.

Hands off, on purpose

Pick your term and make your deposit, and then don't worry about a thing.

Strategic earning potential

You can create a "CD ladder" to build on earnings as your accounts mature.
Learn how.

We make it easy to get started

Enter some basic information to get started.
Make a deposit now or come back later—whatever works for you.
Check your email for confirmation from us, and you're all set!

Earn guaranteed returns with flexible terms

See how your earnings grow depending on how long you commit to a high-yield CD.

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed. Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Initial deposit

Please enter an amount between $2,500 and $5,000,000.
Earned interest with Discover

This calculator and the values shown are intended for illustrative and informational purposes only and may not apply to your individual circumstances. This calculator uses an Annual Percentage Yield (APY) that is rounded to the nearest one-hundredth of one percentage point, e.g., .01%. However, actual interest earned calculations use an APY that is rounded to the nearest one-thousandth of one percentage point, e.g., .011%. As a result, the estimated interest earned value shown here may vary from the actual interest earned on your account. Calculation assumes principal and interest remain on deposit and interest rate and APY do not change.


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. Minimum deposit to open is $2,500.

Get started with as little as $2,500.

Open an Account
Glow Glow
Goodbye, account fees
No. Fees. Period. That means you won't be charged an account fee on our CD account.*

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
3 months simple interest
6 months simple interest
9 months simple interest
18 months simple interest
24 months simple interest
Man and woman camping in the mountains.

Save with confidence—you’re FDIC-insured

  • FDIC deposit insurance is up to $250,000 per depositor, per insured bank, per deposit ownership category
  • May apply to retirement accounts
  • Coverage is automatic

If you have more questions, call us at

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. Minimum deposit to open is $2,500.

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

**Discover Bank is a Member of FDIC. Funds in Discover Bank deposit accounts are insured for up to $250,000 per depositor for each account ownership category. For help calculating your coverage, visit or call the FDIC at 1-877-275-3342 (1-877-ASKFDIC).