Certificate of Deposit | High Yield CD Rates | Discover (2024)

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.

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Competitor comparison information obtained from Curinos as of XX/XX/XXXX, using Certificate of Deposit account APYs. The non-Discover Bank service marks for Bank of America, Chase, Citibank, Wells Fargo and U.S. Bank are owned by each respective entity. Although the information provided by Curinos has been obtained from the various institutions, the accuracy cannot be guaranteed.Comparison information is based on competitor product APYs with the same term, but these or other competitors may have similar products with higher CD rates (e.g., different terms, minimum balance).

Certificate of Deposit | High Yield CD Rates | Discover (2024)

FAQs

What is the current CD rate at Discover Bank? ›

Discover Bank CD rates
Account nameTermAPY
CD1 year4.70%
CD18 months4.40%
CD2 years4.00%
CD30 months3.75%
9 more rows

Can you get 6% on a CD? ›

Right now, the only financial institution offering a 6% CD is Financial Partners Credit Union. To become a member of the credit union, you must live, work or go to school in Orange County, San Diego County, Riverside County, Los Angeles County, the city of South San Francisco or the city of Alameda.

What bank is paying 5% on CDs? ›

Highest current CD rates (overall)
Institution nameAPYTerm length
Morgan Stanley5.05%2 years
Bask Bank5.00%18 months
LendingClub Bank5.00%18 months
Newtek Bank5.00%18 months
31 more rows

Who has the highest paying CD right now? ›

Best 1-Year CD Rates
  • Abound Credit Union – 5.25% APY.
  • Mountain America Credit Union – 5.25% APY.
  • KS State Bank – 5.25% APY.
  • Forbright Bank – 5.25% APY.
  • Merchants Bank of Indiana – 5.25% APY.
  • Seattle Bank – 5.25% APY.
  • Bread Savings – 5.25% APY.
  • Utah First Credit Union – 5.25% APY.

Is it safe to open a CD with Discover Bank? ›

Are Discover Bank's CDs FDIC insured? Yes.

Do you pay taxes on CD interest? ›

Key takeaways. Interest earned on CDs is considered taxable income by the IRS, regardless of whether the money is received in cash or reinvested. Interest earned on CDs with terms longer than one year must be reported and taxed every year, even if the CD cannot be cashed in until maturity.

Which bank gives 7% interest on CD? ›

What banks are offering 7% interest on CDs? Currently, no U.S. banks or credit unions are offering 7% APY on CDs. During August 2023, a few credit unions were offering 7% interest on CDs, but those were limited-time offers that are no longer available.

Should I lock in a CD now or wait? ›

CD rates are at a 3-year high—but waiting longer to buy could be a gamble. CD rates have risen steadily over the past 12 months alongside the Fed's rate increases. Interest rates on certificates of deposits (CDs) have been increasing substantially since 2022—in lock-step with the Fed's rate hikes.

Why should you put $15000 into a 1 year CD now? ›

In summary, a certificate of deposit gives you steady and safe returns. Investing $15,000 in a CD could lead to substantial gains, regardless of the CD's length. However, make sure you won't need that money while the CD is active because withdrawing early usually incurs hefty penalties.

How much does a $10,000 CD make in a year? ›

Earnings on a $10,000 CD Over Different Terms
Term LengthAverage APYInterest earned on $10,000 at maturity
1 year2.60%$263.12
18 months2.21%$336.74
2 years2.07%$422.32
3 years1.94%$598.77
3 more rows
Jun 14, 2024

Where can I get 7% interest on my money? ›

Why Trust Us? As of June 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

How high will CD rates go in 2024? ›

Key takeaways. The national average rate for one-year CD rates will be at 1.15 percent APY by the end of 2024, McBride forecasts, while predicting top-yielding one-year CDs to pay a significantly higher rate of 4.25 percent APY at that time.

What is the best CD rate for $100,000 today? ›

Compare the Best Jumbo CD Rates
InstitutionRate (APY)Minimum Deposit
KS State Bank5.30%$100,000
Third Federal Savings & Loan5.25%$100,000
CD Bank5.25%$100,000
Affinity Federal Credit Union5.25%$50,000
13 more rows

What is considered a good 6 month CD rate right now? ›

The best six-month certificate of deposit (CD) rate is currently 5.48% annual percentage yield (APY), while the national average rate is 2.49%. With rates expected to fall later in the year, the experts we interviewed said now is the time to lock in high yields on CDs.

What is a Jumbo CD? ›

Those with $100,000 or more may want to consider depositing their money into a jumbo certificate of deposit (CD) that's insured through a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured by the National Credit Union Administration (NCUA).

What is the interest rate at Discover Bank? ›

What Is the Discover® Bank Savings Rate? The Discover® Bank Online Savings Account pays 4.25% APY.

Is Discover a reliable bank? ›

Is Discover Bank legit? Discover Bank is a legitimate and reputable financial institution that offers online banking with 24/7 customer service and no monthly fees.

Are bank CD rates going up or down? ›

Currently, national average rates for a 1-year CD sit at 1.86% APY, up from 0.15% APY in April 2022. But with no change to rates since December 2023, it doesn't appear rates will continue to go up, at least significantly.

What is the interest rate on CDs at Chase bank? ›

For Chase's standard CDs, relationship rates range from 2.00% to 2.50% APY for three-month to 10-year CDs. One-month CDs have a relationship rate of 0.02% APY.

Top Articles
Irish Beef & Stout Potpie Recipe
Baltimore's Famous Berger Cookies Copycat Recipe
Funny Roblox Id Codes 2023
Www.mytotalrewards/Rtx
San Angelo, Texas: eine Oase für Kunstliebhaber
Golden Abyss - Chapter 5 - Lunar_Angel
Www.paystubportal.com/7-11 Login
Gore Videos Uncensored
Craigslist Greenville Craigslist
Top Hat Trailer Wiring Diagram
World History Kazwire
R/Altfeet
George The Animal Steele Gif
Nalley Tartar Sauce
Chile Crunch Original
Teenleaks Discord
Immortal Ink Waxahachie
Craigslist Free Stuff Santa Cruz
Mflwer
Costco Gas Foster City
Obsidian Guard's Cutlass
Mission Impossible 7 Showtimes Near Marcus Parkwood Cinema
Sprinkler Lv2
Uta Kinesiology Advising
Kcwi Tv Schedule
Nesb Routing Number
Olivia Maeday
Random Bibleizer
10 Best Places to Go and Things to Know for a Trip to the Hickory M...
Receptionist Position Near Me
Gopher Carts Pensacola Beach
Duke University Transcript Request
Nikki Catsouras: The Tragic Story Behind The Face And Body Images
Kiddie Jungle Parma
Lincoln Financial Field, section 110, row 4, home of Philadelphia Eagles, Temple Owls, page 1
The Latest: Trump addresses apparent assassination attempt on X
In Branch Chase Atm Near Me
Appleton Post Crescent Today's Obituaries
Craigslist Red Wing Mn
American Bully Xxl Black Panther
Ktbs Payroll Login
Jail View Sumter
Thotsbook Com
Funkin' on the Heights
Caesars Rewards Loyalty Program Review [Previously Total Rewards]
Marcel Boom X
Www Pig11 Net
Ty Glass Sentenced
Michaelangelo's Monkey Junction
Game Akin To Bingo Nyt
Ranking 134 college football teams after Week 1, from Georgia to Temple
Latest Posts
Article information

Author: Sen. Ignacio Ratke

Last Updated:

Views: 5809

Rating: 4.6 / 5 (76 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Sen. Ignacio Ratke

Birthday: 1999-05-27

Address: Apt. 171 8116 Bailey Via, Roberthaven, GA 58289

Phone: +2585395768220

Job: Lead Liaison

Hobby: Lockpicking, LARPing, Lego building, Lapidary, Macrame, Book restoration, Bodybuilding

Introduction: My name is Sen. Ignacio Ratke, I am a adventurous, zealous, outstanding, agreeable, precious, excited, gifted person who loves writing and wants to share my knowledge and understanding with you.