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 and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.

12-month term
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.

24-month term
X.XX%APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.

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 with taxable earned income within the IRS limits

(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.

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 if you were 70½ by 12/31/2019. If you turn 70½ in 2020 or years following, distributions will not be required until you are age 72.

Fund your tomorrow with ease.

Invest in your future with these simple ways to fund Discover IRAs.

Contributions

When you contribute funds, you’ll be depositing money that is not presently deposited in any type of retirement account. The IRS imposes annual limits on how much you can contribute. You may want to contact a financial advisor or tax professional for further information.

  • Transfer money that is not currently deposited in any type of retirement account directly into our IRAs.
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.

  • Move money from other retirement plans or accounts into one of our IRAs with ease.
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 IRAs.

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

$
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 is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $2,500. Consult a financial advisor or tax professional for guidance.

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.