Online bank accounts from Discover include no hidden fees, 24/7 U.S.- Based customer service and 60,000 no-fee ATMs in the U.S. Open an online bank account today. Certificates of Deposit - Branch Banks 2021. A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. During this period, online 1-year CD rates bottomed out in a range of 0.80% to 1.00%. The 1YrOCD Index has fallen below this range which indicates that we're now seeing all-time low 1-year CD rates at most online banks. Why 1-year CD rates? One-year CD rates provide a good benchmark for both rate watchers and issuing financial institutions alike. A high yield Certificate of Deposit (CD) by Discover Bank, Member FDIC offers some of the highest rates available. Explore our CD options & CD rates today.
YOU'RE IN
THE CLUB
Preferred rates on 12, 24, and 60 month terms.
Two Trusted Partners
A Better Way to Save
FDIC Insurance
Grow your money
- Earn CD APYs that outperform the National Averages2
- Preferred member interest rates and APYs on 12, 24, and 60 month CDs and IRA CD terms.
Enjoy financial control
- Choose terms ranging from 3 months to 10 years
- Option to automatically withdraw interest
- Use electronic deposit to add funds to a maturing CD or fund a new one
- Easy online account management
Bank with confidence
- 100% U.S.-based customer service representatives available 24/7
- FDIC-insured up to the maximum allowed by law.
- Discover is one of the most recognized financial service providers in the U.S.
Interest rates/APYs are applied based on the date the account is funded.
Compare CDs
Earn CD APYs that outperform the National Averages2.
| Term | Interest Rate | APY1 | APY2 | APY3 | APY3 |
For information regarding fees and service charges, see Section 36 in the Deposit Account Agreement.
CD Accounts FAQ
About Your Account
As a benefit of your AAA membership, there is no minimum opening deposit amount.
You can fund your CD Account in the following ways:
- Online transfer from an eligible Discover Bank Account or an external bank account
- Phone Transfers (available for initial funding only)
- Mail a check that includes your CD Account number, made payable to you to:
Discover Bank
PO Box 30417
Salt Lake City, UT 84130
*Please note that Travelers Checks will not be accepted for deposit.
The Discover Bank routing number is 031100649. It is used for electronic transfers made by ACH (including Direct Deposit) and for domestic wire transfers (from another financial institution within the U.S.).
Follow the steps below to send an outgoing wire transfer. Please make sure your request is submitted at least 2-3 days in advance of when you would like us to process your wire to ensure pre-processing can be completed; allow additional time if mailing your request.
International and Domestic Wire Transfer requests received and verified before 3:00 PM ET on a business day will be processed the same day. Requests received and verified after 3:00 PM ET on a business day or any time on a weekend or holiday will be processed by the next business day.
As a reminder, all wire transfer requests require verbal authorization before they can be processed. Once you submit your request, you must call us to authorize it. Failure to do so will result in longer processing times and a possible cancelled request.
You can submit a wire transfer request through the Account Center, or by downloading, completing, and submitting the paper form.
Submit Online
- International Wire Transfer Request may only be submitted using the paper form
Download Form
- Domestic Wire Transfer Request Form (wire transfers within the United States)
- International Wire Transfer Request Form (wire transfers outside the United States)
Once you have completed your Wire Transfer Request Form, you can submit it through any of the following methods:
- Upload the form through Secure Document Upload
- Fax the form to 1-224-813-5213, Attention 'Wire Transfer Request'
- Mail the form to Discover Bank, PO Box 30417, Salt Lake City, UT 84130
For domestic wire transfers (from another bank in U.S.), please wire funds to:
- Beneficiary Bank: Discover Bank
- ABA/Routing Number: 031100649
- Beneficiary Bank Address (if required): 502 Market Street, Greenwood DE 19950
- Beneficiary Name: Your name (as it appears on your Discover Bank account)
- Beneficiary Account Number: Your Discover Bank account number
For international wire transfers (from another bank outside the U.S.), please wire funds to:
- Beneficiary Bank: Bank of New York Mellon
- ABA/Routing Number: 043000261
- SWIFT Code: IRVTUS3N
- Beneficiary Bank Address (if required): #3 Mellon Bank Center, Pittsburgh, PA 15258
- Beneficiary Name: Discover Bank
- Beneficiary Account Number: 9914394
- For Further Credit to: Your name (as it appears on your Discover Bank account) and your Discover Bank account number
Wire transfers received before 4:00 PM ET will be posted to your account on the business day we receive them.
Wire transfers received after 4:00 PM ET will post to your account the following business day, with an effective date of the business day the funds were received.
Some wire transfers may require additional processing time. In those cases, your wire transfer will post to your account upon completion of processing, with an effective date of the business day the funds were received. If it has been more than 2 business days since your inbound wire was sent and it has not yet posted, feel free to call us at 1-800-347-2683.
We do not charge any account-related fees, however, there is a $30 Wire Transfer Service Charge for outgoing wires as well as early withdrawal penalties, which are outlined below.
For CDs opened or renewed through 3/14/13
- <1 year: 3 months simple interest on principal amount withdrawn
- 1 year-5 years: 6 months simple interest on principal amount withdrawn
- 6+ years: 9 months simple interest on principal amount withdrawn
For CDs opened or renewed from 3/15/13 through 2/16/14:
- <1 year: 3 months simple interest on principal amount withdrawn
- 1 year-3 years: 6 months simple interest on principal amount withdrawn
- 4 years-6 years: 9 months simple interest on principal amount withdrawn
- 7+ years: 15 months simple interest on principal amount withdrawn
For CDs opened or renewed on or after 2/17/14:
- <1 year: 3 months simple interest on principal amount withdrawn
- 1 year-3 years: 6 months simple interest on principal amount withdrawn
- 4 years: 9 months simple interest on principal amount withdrawn
- 5 years-6 years: 18 months simple interest on principal amount withdrawn
- 7+ years: 24 months simple interest on principal amount withdrawn
*Please note that in some cases, the Early Withdrawal Penalty may reduce the principal in the CD.
Yes, funds on deposit at Discover Bank are FDIC-insured up to the maximum allowed by law. For more information, visit the FDIC website.
Yes. Click here to log into your account. Once logged in, select your CD Account on the 'Account Summary' page. Your maturity date will be displayed in the CD account details.
Not registered for the Account Center? Register Now
We will send you a notification 30 days before your CD matures. When your CD matures, you may make a deposit or withdrawal and change the term of your CD during the grace period. The grace period lasts for 9 days immediately following the maturity date. Your CD will automatically renew if you don't take any action during the grace period and interest withdrawn on the account will not affect the grace period. Any term change, deposit, or withdrawal of principal during the grace period will end the grace period.
In some cases, the Early Withdrawal Fee may reduce the principal in the CD.
No. You will not receive a certificate for your CD, however, you will receive a welcome kit when you open your account, and you can access your account information anytime via the Account Center. Click here to log in.
Not registered for the Account Center? Register Now
Click here to reset your User ID and Password. If you are still unable to log in, call us at 1-888-204-8990 and a Banking Specialist will help you reset your User ID and Password.
Opening an Account
As a benefit of your AAA membership, there is no minimum opening deposit amount.
Yes. We allow a range of account ownership types including Trust, Custodial, Guardian, and Estate. To open one of these account types, please call us at 1-888-204-8990 and a Banking Specialist will assist you.
You can fund your CD Account in the following ways:
- Online transfer from an eligible Discover Bank Account or an external bank account
- Phone Transfers (available for initial funding only)
- Mail a check that includes your CD Account number, made payable to you to:
Discover Bank
PO Box 30417
Salt Lake City, UT 84130
*Please note that Travelers Checks will not be accepted for deposit.
Follow the steps below to send an outgoing wire transfer. Please make sure your request is submitted at least 2-3 days in advance of when you would like us to process your wire to ensure pre-processing can be completed; allow additional time if mailing your request.
International and Domestic Wire Transfer requests received and verified before 3:00 PM ET on a business day will be processed the same day. Requests received and verified after 3:00 PM ET on a business day or any time on a weekend or holiday will be processed by the next business day.
As a reminder, all wire transfer requests require verbal authorization before they can be processed. Once you submit your request, you must call us to authorize it. Failure to do so will result in longer processing times and a possible cancelled request.
You can submit a wire transfer request through the Account Center, or by downloading, completing, and submitting the paper form.
Submit Online
- International Wire Transfer Request may only be submitted using the paper form
Download Form
- Domestic Wire Transfer Request Form (wire transfers within the United States)
- International Wire Transfer Request Form (wire transfers outside the United States)
Once you have completed your Wire Transfer Request Form, you can submit it through any of the following methods:
- Upload the form through Secure Document Upload
- Fax the form to 1-224-813-5213, Attention 'Wire Transfer Request'
- Mail the form to Discover Bank, PO Box 30417, Salt Lake City, UT 84130
For domestic wire transfers (from another bank in U.S.), please wire funds to:
- Beneficiary Bank: Discover Bank
- ABA/Routing Number: 031100649
- Beneficiary Bank Address (if required): 502 Market Street, Greenwood DE 19950
- Beneficiary Name: Your name (as it appears on your Discover Bank account)
- Beneficiary Account Number: Your Discover Bank account number
For international wire transfers (from another bank outside the U.S.), please wire funds to:
- Beneficiary Bank: Bank of New York Mellon
- ABA/Routing Number: 043000261
- SWIFT Code: IRVTUS3N
- Beneficiary Bank Address (if required): #3 Mellon Bank Center, Pittsburgh, PA 15258
- Beneficiary Name: Discover Bank
- Beneficiary Account Number: 9914394
- For Further Credit to: Your name (as it appears on your Discover Bank account) and your Discover Bank account number
Wire transfers received before 4:00 PM ET will be posted to your account on the business day we receive them.
Wire transfers received after 4:00 PM ET will post to your account the following business day, with an effective date of the business day the funds were received.
Some wire transfers may require additional processing time. In those cases, your wire transfer will post to your account upon completion of processing, with an effective date of the business day the funds were received. If it has been more than 2 business days since your inbound wire was sent and it has not yet posted, feel free to call us at 1-800-347-2683.
Deposits and Withdrawals
You can fund your CD Account in the following ways:
- Online transfer from an eligible Discover Bank Account or an external bank account
- Phone Transfers (available for initial funding only)
- Mail a check that includes your CD Account number, made payable to you to:
Discover Bank
PO Box 30417
Salt Lake City, UT 84130
*Please note that Travelers Checks will not be accepted for deposit.
Follow the steps below to send an outgoing wire transfer. Please make sure your request is submitted at least 2-3 days in advance of when you would like us to process your wire to ensure pre-processing can be completed; allow additional time if mailing your request.
International and Domestic Wire Transfer requests received and verified before 3:00 PM ET on a business day will be processed the same day. Requests received and verified after 3:00 PM ET on a business day or any time on a weekend or holiday will be processed by the next business day.
As a reminder, all wire transfer requests require verbal authorization before they can be processed. Once you submit your request, you must call us to authorize it. Failure to do so will result in longer processing times and a possible cancelled request.
You can submit a wire transfer request through the Account Center, or by downloading, completing, and submitting the paper form.
Submit Online
- International Wire Transfer Request may only be submitted using the paper form
Download Form
- Domestic Wire Transfer Request Form (wire transfers within the United States)
- International Wire Transfer Request Form (wire transfers outside the United States)
Once you have completed your Wire Transfer Request Form, you can submit it through any of the following methods:
- Upload the form through Secure Document Upload
- Fax the form to 1-224-813-5213, Attention 'Wire Transfer Request'
- Mail the form to Discover Bank, PO Box 30417, Salt Lake City, UT 84130
For domestic wire transfers (from another bank in U.S.), please wire funds to:
- Beneficiary Bank: Discover Bank
- ABA/Routing Number: 031100649
- Beneficiary Bank Address (if required): 502 Market Street, Greenwood DE 19950
- Beneficiary Name: Your name (as it appears on your Discover Bank account)
- Beneficiary Account Number: Your Discover Bank account number
For international wire transfers (from another bank outside the U.S.), please wire funds to:
- Beneficiary Bank: Bank of New York Mellon
- ABA/Routing Number: 043000261
- SWIFT Code: IRVTUS3N
- Beneficiary Bank Address (if required): #3 Mellon Bank Center, Pittsburgh, PA 15258
- Beneficiary Name: Discover Bank
- Beneficiary Account Number: 9914394
- For Further Credit to: Your name (as it appears on your Discover Bank account) and your Discover Bank account number
Wire transfers received before 4:00 PM ET will be posted to your account on the business day we receive them.
Wire transfers received after 4:00 PM ET will post to your account the following business day, with an effective date of the business day the funds were received.
Some wire transfers may require additional processing time. In those cases, your wire transfer will post to your account upon completion of processing, with an effective date of the business day the funds were received. If it has been more than 2 business days since your inbound wire was sent and it has not yet posted, feel free to call us at 1-800-347-2683.
Additional deposits cannot be made during the term of any CD. However, once your CD matures, you can deposit additional funds once during the grace period.
You can withdraw money from your CD Account in the following ways:
- After your CD maturity date, there is a grace period of 9 days when you can make changes to your CD, including a withdrawal without an Early Withdrawal Fee. Please note that any term change, deposit, or withdrawal of principal during the grace period will end the grace period.
- Interest can be withdrawn from your CD at any time without a penalty.
- Principal withdrawals can be made outside of the grace period, however, an Early Withdrawal Fee will apply
The Early Withdrawal Penalties are as follows:
Discover Cd Rates 2018
For CDs opened or renewed through 3/14/13
- <1 year: 3 months simple interest on principal amount withdrawn
- 1 year-5 years: 6 months simple interest on principal amount withdrawn
- 6+ years: 9 months simple interest on principal amount withdrawn
For CDs opened or renewed from 3/15/13 through 2/16/14:
- <1 year: 3 months simple interest on principal amount withdrawn.
- 1 year-3 years: 6 months simple interest on principal amount withdrawn
- 4 years-6 years: 9 months simple interest on principal amount withdrawn
- 7+ years: 15 months simple interest on principal amount withdrawn
For CDs opened or renewed on or after 2/17/14:
- <1 year: 3 months simple interest on principal amount withdrawn
- 1 year-3 years: 6 months simple interest on principal amount withdrawn
- 4 years: 9 months simple interest on principal amount withdrawn
- 5 years-6 years: 18 months simple interest on principal amount withdrawn
- 7+ years: 24 months simple interest on principal amount withdrawn
*Please note that in some cases, the Early Withdrawal Penalty may reduce the principal in the CD
Interest
You can allow the interest earned to remain in your account and take advantage of compounding or have the interest transferred to an eligible Discover Bank Account.
If we receive your deposit before your Account is opened, interest will begin to accrue on the deposit on the Business Day your Account is opened. Once an Account is opened, interest begins to accrue on a deposit on the Business Day we receive your deposit.
Discover Cd Rates As Of Today
If we receive your funding deposit within 10 days of submitting your application(including your application date), you will receive the highest interest rate offered on one of these dates: the date you submit your application, the date your account is opened or the date we receive your funding deposit.
If we receive your funding deposit after 10 days, you will receive the current interest rate on the date we receive the funding. Please note that if we don't receive funding within 45 days, your CD Account will be closed.
For CDs opened or renewed from 3/15/13 through 2/16/14:
- <1 year: 3 months simple interest on principal amount withdrawn.
- 1 year-3 years: 6 months simple interest on principal amount withdrawn
- 4 years-6 years: 9 months simple interest on principal amount withdrawn
- 7+ years: 15 months simple interest on principal amount withdrawn
For CDs opened or renewed on or after 2/17/14:
- <1 year: 3 months simple interest on principal amount withdrawn
- 1 year-3 years: 6 months simple interest on principal amount withdrawn
- 4 years: 9 months simple interest on principal amount withdrawn
- 5 years-6 years: 18 months simple interest on principal amount withdrawn
- 7+ years: 24 months simple interest on principal amount withdrawn
*Please note that in some cases, the Early Withdrawal Penalty may reduce the principal in the CD
Interest
You can allow the interest earned to remain in your account and take advantage of compounding or have the interest transferred to an eligible Discover Bank Account.
If we receive your deposit before your Account is opened, interest will begin to accrue on the deposit on the Business Day your Account is opened. Once an Account is opened, interest begins to accrue on a deposit on the Business Day we receive your deposit.
Discover Cd Rates As Of Today
If we receive your funding deposit within 10 days of submitting your application(including your application date), you will receive the highest interest rate offered on one of these dates: the date you submit your application, the date your account is opened or the date we receive your funding deposit.
If we receive your funding deposit after 10 days, you will receive the current interest rate on the date we receive the funding. Please note that if we don't receive funding within 45 days, your CD Account will be closed.
Interest is compounded daily and credited to your account monthly.
1. The Annual Percentage Yield (APY) for the Online Savings Account as of is more than five times the national average APY for interest-bearing savings accounts with balances of $500 as reported by Informa Research Services, Inc. as of . Interest rates and APYs are subject to change at any time. Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy cannot be guaranteed.
2. Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of . Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open required.
3. Federal law limits the number of certain types of withdrawals and transfers from a Money Market Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.
4. Annual Percentage Yield (APY) is accurate as of for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. No minimum deposit to open required.
5. Annual Percentage Yield (APY) is accurate as of for Money Market Account balances of $100,000 or more and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. No minimum deposit to open required.
6. Annual Percentage Yield (APY) is accurate as of , 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. No minimum deposit to open required.
7. Annual Percentage Yield (APY) is accurate as of and is subject to change without notice. The APY will be determined and fixed for the 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. No minimum deposit to open. Consult a financial advisor or tax professional for guidance.
Deposit accounts offered by Discover Bank, Member FDIC
Discover Bank FDIC