Initial deposit
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.
% APYAnnual 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 required to open an account.
Get started with no minimum opening deposit required.
Get StartedOpening Deposit
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.
on aGet started with no minimum opening deposit required.
Get Started“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is opened and funded and for the next 22 calendar days, we will deduct each day’s simple interest on the issue amount withdrawn from the funding date to the date of withdrawal.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.
There is no minimum deposit to open a Discover CD Account.
At the time of application, you’ll have the option to:
Deposit Now—you can typically fund your CD account in one of the following ways:
Deposit Later—you can fund your CD account after your application is complete in one of the following ways:
Discover
P.O. Box 30417
Salt Lake City, UT 84130
*Please note that Travelers Checks will not be accepted.
Beneficiary Bank: Discover, a division of Capital One, N.A.
ABA/Routing Number: 031100649
Beneficiary Bank Address (if required): 502 East Market Street, Greenwood DE 19950
Beneficiary Name: Your name (as it appears on your Discover CD account)
Beneficiary Address: Your address (as it appears on your Discover CD account)
Beneficiary Account Number: Your Discover CD account number
For more information about wire transfers or instructions for sending an international wire transfer, please refer to our “Wire Transfer” FAQ.
Interest is compounded daily and credited to your account monthly.
If we receive your deposit before your Account is opened, interest will begin to accrue on the deposit on the Business Day your Account is opened. Once an Account is opened, interest begins to accrue on a deposit on the Business Day we receive your deposit.
Yes, funds in Discover deposit accounts are FDIC insured up to the maximum amount allowed by law. For more information, visit our FDIC information page.
Most features will be unavailable online, in the mobile app and by phone. Debit card transactions may be declined. Maintenance ends on Sept 21 at 5 a.m.
