Zero-fee CDs with strong Discover ecosystem integration.
Get started at Discover Bank → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Existing Discover credit card or banking customers who want CDs under the same login.
Discover CDs were offering approximately 4.70% APY on the 1-year term as of June 2026. There are no monthly or maintenance fees on any CD. The $2,500 minimum is the highest on this list. Verify the current rate at discover.com before opening.
Discover CD — Zero-fee CDs with strong Discover ecosystem integration. Best for: Existing Discover credit card or banking customers who want CDs under the same login.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Discover Bank offers CDs in terms ranging from 3 months to 10 years, one of the broadest ranges among online banks. The $2,500 minimum applies to all terms. Current APY by term is published at discover.com — verify before opening, as rates change. Source: Discover Bank official disclosure at discover.com; FDIC-insured via Discover Bank.
Discover Bank charges an early-withdrawal penalty if you close a CD before its maturity date. The penalty is expressed as a number of months of simple interest — for example, shorter-term CDs (under 1 year) carry a smaller penalty than longer-term CDs (5+ years). Discover publishes the complete penalty schedule in its CD terms at discover.com. Discover does not currently offer a no-penalty CD — if liquidity is a concern, compare Marcus or Ally's no-penalty CD options.
As of June 2026, Discover Bank does not offer a no-penalty CD product. All Discover CDs are standard fixed-term CDs with an early-withdrawal penalty for closing before maturity. If you want a no-penalty CD from an online bank, Marcus (11-month no-penalty CD) and Ally (11-month no-penalty CD) both offer this option — compare the APY tradeoff vs. Discover's standard CD rates. Verify current product availability at discover.com.
No. ClearValue Lending is not a bank, CD issuer, lender, or financial advisor. This review presents publicly available editorial information about Discover Bank CDs. CDs are issued and operated by Discover Bank. APYs, terms, fees, and eligibility are determined solely by Discover Bank and may change — verify current terms at discover.com before opening.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
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