Discover Bank consistently offers above average rates on their bank CDs, savings accounts and money market accounts. In the search for bank CD rates that are almost always ahead of the national average, Discover CDs often surface. Discover Bank offers certificates of deposit accounts with terms ranging from 3 months to 10 years.

For those savers and investors in the market to invest in a safe and secure fixed interest rate CD here are the current Discover CD rates and terms:

3 month Discover CD rate is 0.65%
6 months Discover CD interest rate is 1.15%
9 months Discover CD rate is also 1.15%
1 year CD rate 1.50%
18 month bank CD interest rate 1.60%
2 year bank CD rate 1.90%
30 month Discover CD interest rate 2.05%
3 year Discover Bank CD rate 2.25%
4 year CD interest rate 2.45%
5 year CD rate 2.95%
7 year Discover Bank rate is 3.25%
10 year bank CD rate 3.50%

The minimum deposit amount is $2,500 to open a Discover Bank CD account. As with most all bank CD accounts there is an early withdrawal penalty. The early withdrawal penalty for bank CDs with a term of less than 1 year is 3 months interest, the early withdrawal penalty for bank CDs with a term of 1 year to 5 years is 6 months of interest and the early withdrawal penalty for bank CDs with a term greater than 5 years is 9 months interest. Discover Bank CDs are FDIC insured up to the FDIC allowable limits.

Discover Bank offers a number of banking products designed to help consumers achieve a variety of financial goals.

Interest rates on the listed Discover CD accounts are current as of the date of this publication but are subject to change at any time. For current CD rates from Discover Bank, Discover customer service representatives are available 24 hours a day and can be reached at 1-800-347-2683.

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