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Certificate of Deposit

Lock in
your future.

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Our high-yield CD account combines guaranteed returns with worry-free ease. Just choose your term and let your certificate of deposit go to work for you.
X.XX%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.
12-month term
X.XX%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.
24-month term
X.XX%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.
5-year term
See all of our CD rates and terms

The longer you choose, the more you make.

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, Capital One 360, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. All rights reserved. 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 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, 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.

Yes, Please

Say goodbye to fees.

No. Fees. Period. That means you won't be charged an account fee on our CD account.

Outgoing wire transfers are subject to a service charge.

$0
  • Official bank check
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Need your money early?

That’s alright. 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
View CD Account Guide

Watch your CD interest grow, on the go

It’s easy to check on your certificate of deposit whenever you need a little boost.

SIMPLE TO USE QUICK VIEW
Check on your CD 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 high-yield CD balance without logging in each time.
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★★★★★
We score out of 5 stars!

Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily.
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What is a certificate of deposit?

Guaranteed rates

Never mind what the market does. Because you commit to a specific CD term, your rate is locked in no matter what.

The longer you save the better

The longer CD term you choose, the higher rate you’ll get—and the more you’ll make.

Hands off, on purpose

Sit back and relax. Once you set up your certificate of deposit, you won’t have to worry about a thing.

Step up those earnings

A “CD ladder” is when you open several CDs with different maturity dates. It’s a smart way to build on earnings as your high-yield CDs mature.

Learn how

Modern Money Blog

See how a certificate of deposit can fit into your financial plan.

  • Spending to Save: When It’s Smart to Splurge

    Sometimes you have to spend more in the short term to save money in the long term.
    Sometimes you have to spend more in the short term to save money in the long run. It can seem counterintuitive, but in certain cases, larger upfront costs can be justified by the savings they generate down the line.
    Read full article

  • Step Up Your Savings Game With a CD Ladder

    Want to build your nest egg while avoiding risky investments? Learn how with a CD ladder.

    “By breaking large CDs into smaller ones maturing at different times, you can earn progressively higher interest rates as CDs mature.”

    – William Stack, owner of Stack Financial Services LLC

    Read full article

  • What Does a Fed Rate Cut Mean for My Finances?

    How to make smart financial decisions in a low interest rate environment.*


    * This should not be considered tax or investment advice. Please consult a financial or tax advisor if you have questions.

    What does a Fed rate cut mean for my finances when it comes to saving? Savers could see interest rates decline on deposit accounts like savings accounts, money market accounts and certificates of deposit (CDs). A lower interest rate here means you’ll earn less in interest on your savings balances.
    Read full article

  • Money Market Accounts vs. CDs: Which is Best for You

    Learn how interest rates and convenience could impact your savings decision.
    If you’re working toward a financial goal and are looking for new ways to grow your money, money market account vs. certificate of deposit (CD) may be a decision worth considering. After all, both types of savings vehicles offer many valuable features and benefits. 
    Read full article

Get going on those goals.

Why wait? Let a certificate of deposit help you start working toward yours.

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