Certificate of Deposit

            Lock in
            your future.

            Open an Account
            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

            The longer you choose, the more you make.

            See how your earnings grow depending on how long you commit to a high-yield CD—and how ours beats the best of the rest.

            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.

            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
            Get Started

            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 day you originally opened the CD to the day you decided to withdraw.

            In some cases, the early withdrawal penalty may reduce the principal in the CD.

            CD TERM

            Fees 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

            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.
            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.

            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.

            Get going on those goals.

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