Discover Bank
Discover CD Review 2026
Updated August 25, 2026
Discontinued for new customers — Discover's CDs have moved to Capital One.
Who Discover CD is best for
Not available to new customers. Existing Discover CD holders are being migrated to Capital One.
At a glance
- Status
- Not accepting new applications
- Where it went
- Capital One 360 CDs
- Existing CDs
- Migrating to Capital One
discover.com/online-banking/cd/ redirects directly to Capital One's CD product page
Part of Capital One's acquisition of Discover
Per Capital One's transition materials — see FAQ below
Pros
- +N/A — this CD cannot be opened by new customers as of 2026.
Cons
- −Cannot be opened as a new CD — Discover's own CD page redirects to Capital One.
- −Existing Discover CDs are being migrated to Capital One.
- −For a comparable CD currently open to new customers, see Marcus, Ally, Synchrony, or Capital One 360 on this page.
Discover CD requirements
- Not applicable — Discover is not accepting new applications for this account.
Discover CD rates & fees
Discover Bank is no longer accepting new CD applications. As of 2026, Discover's own CD page (discover.com/online-banking/cd/) redirects directly to Capital One's CD product page, and Discover's deposit accounts are moving to Capital One as part of Capital One's acquisition of Discover. Compare current CD rates at the other banks ranked on this page.
Rates & fees last verified at the issuer on 2026-08-25. Always confirm current terms before applying.
Discover CD alternatives
Top alternatives worth comparing from Best CD Rates 2026.
Goldman Sachs Bank USA
Marcus by Goldman Sachs High-Yield CD
Better if you want a no-penalty option or a lower $500 minimum
Ally Bank
Ally Bank CD
Better if you want $0 minimum with no-penalty and rate-bump flexibility
Capital One Bank, N.A.
Capital One 360 CD
Better if you want branch access with no minimum deposit
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
Apply at Discover Bank→Last verified at the issuer on 2026-08-25
The full lineup
See all picks in Best CD Rates 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Discover CD scores 3.7 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Not available to new customers. Existing Discover CD holders are being migrated to Capital One.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about Discover CD
Can I still open a Discover CD?+
No. As of 2026, Discover's own CD page (discover.com/online-banking/cd/) redirects directly to Capital One's CD product page. Discover's deposit accounts have moved to Capital One as part of Capital One's acquisition of Discover, so new CD applications go through Capital One, not Discover.
What happens to an existing Discover CD?+
Capital One's transition materials (capitalone.com/updates/discover) state that existing Discover deposit accounts are becoming Capital One accounts, with customers notified directly ahead of any changes. ClearValue Lending is not involved in that migration — contact Discover or Capital One directly about your specific CD's terms and maturity handling.
Where should I open a CD instead?+
See the other CDs ranked on this page. Marcus, Ally, Synchrony, and Capital One 360 are all currently open to new applicants. Verify current terms, minimums, and rates directly at each bank before opening, since CD rates change with Federal Reserve policy.
Is ClearValue Lending a bank or CD issuer?+
No. ClearValue Lending is not a bank, CD issuer, lender, or financial advisor. This entry presents publicly available editorial information about the status of Discover CDs. Account availability, migration terms, and timelines are determined solely by Discover Bank and Capital One and may change — verify current status at capitalone.com.
Related guides
Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.