IRA Certificate of Deposit

Be ready for what’s ahead.

Open an Account
It’s never too early to plan for your future. IRA CDs are a simple way to enjoy guaranteed returns—and the peace of mind that comes with them.
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX. Interest rate and APY will be disclosed and will be fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. Written confirmation of the interest rate, APY, and maturity date is sent after the account is open and funded. This offer applies to personal accounts only. A penalty may be charged for early withdrawal. Consult a financial advisor or tax professional for guidance. Minimum opening balance is $2,500.

12-month term
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX. Interest rate and APY will be disclosed and will be fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. Written confirmation of the interest rate, APY, and maturity date is sent after the account is open and funded. This offer applies to personal accounts only. A penalty may be charged for early withdrawal. Consult a financial advisor or tax professional for guidance. Minimum opening balance is $2,500.

24-month term
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX. Interest rate and APY will be disclosed and will be fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. Written confirmation of the interest rate, APY, and maturity date is sent after the account is open and funded. This offer applies to personal accounts only. A penalty may be charged for early withdrawal. Consult a financial advisor or tax professional for guidance. Minimum opening balance is $2,500. 

5-year term

Deciding between Roth and Traditional IRA CDs.

Compare the two types of IRA CDs to see which is right for you.

Roth IRA CD

Pay now, save later

Funded with after-tax dollars.

Earnings and qualified withdrawals are tax-free.

Contributions are not tax deductible.

Limitations apply

Traditional IRA CD

Earn now, pay later

Funded with pre-tax dollars.

Earnings are tax-deferred.

Contributions are tax-deductible up to certain income limits

Limitations apply

Roth IRA CD

Get taxes out of the way

Think your tax rate will be higher when you withdraw? Go with a Roth IRA.

Traditional IRA CD

Pay taxes later

Think your tax rate will be lower when you withdraw? Choose a Traditional IRA.

Roth IRA CD

Anyone with taxable earned income within IRS limits

(limits based on income and tax filing status).

Traditional IRA CD

Anyone under 70½ with taxable earned income

(income limits apply for tax-deductible contributions)

Roth IRA CD

Withdraw anytime

Withdraw earnings without IRS penalty at age 59½ if your account is at least 5 years old.

Withdraw contributions without IRS penalty at any time.

Traditional IRA CD

Withdraw when you’re 59½

Withdraw contributions and earnings without IRS penalty at age 59½.

Distributions are required to start by age 70½.

Get a head start with investments from elsewhere.

You can move retirement savings from other accounts into one of our IRA CDs in two ways.

Rollovers

When you rollover funds, you receive the funds through a distribution from your IRA. You then have 60 days from receipt of those funds to roll them into another IRA or qualified retirement plan to avoid tax consequences. IRA owners are limited to only one IRA-to-IRA rollover in any 12-month period. Rollovers are not counted toward your annual contribution limits. You may want to contact a financial advisor or tax professional for further information.

  • Easily move money from other retirement accounts into one of our IRA CDs.
  • Get tax benefits and earn guaranteed returns while avoiding fees.
  • Simplify your investment portfolio by consolidating into one IRA CD.
Transfers

When you transfer an IRA, the funds are moved directly from one financial institution to another. The transfer check is made payable to your financial institution for your benefit. Because you don’t handle the funds directly, the transaction is not considered a distribution. There is no limit to the number of transfers you can make.

  • Easily transfer an IRA from another financial institution to one of our IRA CDs.
  • Transfer money from another IRA plan to your IRA CD as many times as you want.
  • Combine smaller IRAs into one larger account that’s easy to keep track of.

It all adds up to more freedom down the road.

See how our IRA CD interest rates compound your money over time so your earnings are there when you’re ready to retire.

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 for one year. 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 and subject to change daily without notice. This offer applies to personal accounts only. A penalty may be charged for early withdrawal. Fees could reduce earnings on the account. Minimum opening balance is $2,500.

Get started with as little as $2,500.

Yes, Please

Watch your earnings grow, on the go.

Check in on your IRA CD from anywhere.

SIMPLE TO USE QUICK VIEW
Check on your account easily. Anytime. You can even skip the passcode and log in with touch or face ID.

Face ID is currently available to iOS users.

Enable Quick View to check your account balance without logging in each time.
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Here’s to you, and your future.

The sooner you lock in your IRA CD interest rate, the sooner your earnings add up.