You can even skip the passcode and log in with touch or face ID. Overall, Discover Bank CD rates are competitive. Minimum deposit to open is $2,500. The values shown are for illustrative and informational purposes only and may not apply to your individual circumstances. Competitor comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using Certificate of Deposit account APYs. If you exceed these limits on more than an occasional basis, we reserve the right to close your Account. The longer the CD term, the higher the CD rate. No minimum deposit to open. Transfers between Discover accounts are instant. 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. What would you do if you were laid off from your job today? Discover Bank offers 12 terms of traditional CDs with terms ranging from three months to 10 years. Discover’s savings account offers a solid interest rate, but you can still earn higher APYs elsewhere. Thereafter, the Early Withdrawal Penalty will be calculated as described in the chart below. Discover Bank is currently offering a rate of up to 0.60% APY with terms as low as 3 months or as long as 10 years when opening an IRA CD account with Discover Bank. 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. Opens modal dialog. When interest rates … Applies to personal accounts only. Minimum deposit to open is $2,500. The range of terms is extensive, from three months to 10 years. Discover Bank is an online bank with great savings and CD rates, an extensive network of free ATMs, and a free checking account that pays rewards. A penalty may be charged for early withdrawal. Applies to personal accounts only. Discover Bank’s CD rates are competitive with other online banks and have historically been some of the highest you can find. Getting Started Latest Rankings Calculator Blog Get Free Stuff. For more information regarding the Discover Bank Mobile Check Deposit Service, click here. Although the information by independent research firm has been obtained from the various institutions, the accuracy cannot be guaranteed. 1 So if you earn $50 cash back, we'll give you another $50. Make a deposit now or come back and do it later. View online bank rates. Face ID is currently available to iOS users. This happened before the Fed lowered the interest rate to 0.00% due to COVID-19 pandemic. Apart from Dynamic Interest Rates, good financial … Discover is known for its high-interest savings accounts and a cash back debit card, which offers 1% back on up to $3,000 per month.The company was founded in 1986 and maintains its headquarters … Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of. If you want to earn interest but need easy access to your cash via ATM, debit and checks, our Money Market Account is for you. Although the information by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed. APY may change before or after the account is opened. Whatever makes it easier for you to get going on your goals. There are no limits on the number of ATM withdrawals you can make (for money market accounts) or official checks mailed to you. Annual Percentage Yield (APY). That's no problem. Early Withdrawal Penalties shown apply to new CDs. Hooray! Discover is an online bank that offers one style of CD that requires a $2,500 minimum deposit. What you’ll get: Up to 0.60% … Please consult a financial planner or tax advisor if you have questions. Interest rates and APYs are subject to change at any time. In some cases, the early withdrawal penalty may reduce the principal in the CD. The non-Discover Bank service marks for Bank of America, Capital One 360, Chase, Citibank, Wells Fargo, Fifth Third, PNC, Ally and U.S. Bank are owned by each respective entity. For domestic wire transfers (from another bank in U.S.), please wire funds to: Beneficiary Bank: Discover Bank; ABA/Routing Number: 031100649; Beneficiary Bank … Competitor APY comparison information obtained from Informa Research Services, Inc., as of XX/XX/XXXX, using savings account APYs. The early withdrawal penalty will depend on the CD’s term. (2) To open this account, the Bank requires a relationship account. Discovery Bank: 5.95 %: Capitec: 4.83 %: View more ... Best 2 Year Rates. Relationship is defined as opening and using a consumer or business checking account with 1st Security Bank Rates: Certificates of … Please enter an amount between $2,500 and $5,000,000. On the other hand, checking accounts help you keep better track of what you spend. Note: We are currently. However, if you do some digging, there are better rates out there for CDs, both in terms of minimum deposit and interest rate earned. Opens modal dialog. Current rates in Washington are 2.95% for a 30-year fixed, 2.42% for a 15-year fixed, and 3.16% for a 5/1 adjustable-rate mortgage (ARM). To or from other banks and Discover, please allow up to 4-5 business days. Anytime. Assumes principal and interest remain on deposit and interest rate and APY do not change for one year. 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. We’re different where it counts. Discover earned 4.1 out of 5 stars in the latest review of the bank. With our certificate of deposit rates, you can meet your financial goals and build a sound financial strategy. APYs assume a $2,500 minimum deposit to open. SA's Best Fixed Deposit Rates. Lock in your CD rate to earn guaranteed interest, Explore flexible terms from 3 months to 10 years, Reach your goals by laddering CDs with different maturity dates. As a client of Discovery Bank, you can enjoy market-leading interest rates of up to 9.01% 1 (for clients younger than 55 years) with our 36-month Fixed Deposit Account until the end of August 2020. The Annual Percentage Yield (APY) for the Online Savings Account as of, 6 Benefits of a Discover Online Savings Account, A Step-by-Step Guide to Prepare Your Budget for a Layoff. Discover Bank has always been one of the best places to open a CD account online. In some cases, competitors assess or waive fees if certain conditions are met. Discover IRA CD Summary. Discover … Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy cannot be guaranteed. Online banks generally offer better rates on six month CDs but the accounts must be opened online. No minimum deposit to open. CD: up to: 1.60%: Apr, 2020: Credit Cards: from: 22.90%: Apr, 2020: Discover Bank Overview. Enough to make switching banks worth your time one month equals 30 days for interest. Is extensive, from three months to 10 years to or from banks. But the accounts must be opened online ‘ Total savings ’ equals initial deposit plus interest over. 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