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12-month term X.XX% APY** Get guaranteed returns
CD Accounts have no monthly fees*

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.

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 Informa Research Services, Inc., as of XX/XX/XXXX, using Certificate of Deposit account APYs. APYs assume a $2,500 minimum deposit to open. When no competitor APY is available ‘N/A’ is displayed. 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 Informa Research Services has been obtained from the various institutions, the accuracy cannot be guaranteed.

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Initial deposit

$
Please enter an amount between $2,500 and $5,000,000.
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. 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
Penalty
3 months simple interest
6 months simple interest
9 months simple interest
18 months simple interest
24 months simple interest

Watch your money grow

Open an Account

If you have more questions, call us at

1-800-347-7000

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

**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.