You can earn a better interest rate if you invest the $25,000 in a 12-month CD and either allow it to auto-renew or put it into another CD term at maturity, depending on the APY. Discover Bank’s ...

Discover’s CD rates are also significantly higher than the national average CD rates. For example, according to the FDIC, the national average rate for a 12-month CD is 1.78% as of March 2025.

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...

and a solid savings rate, so CDs fit in within a strong lineup of accounts. » COMPARE: See the best CD rates NerdWallet's take: Discover® Bank’s CD rates don’t lead the pack of online banks ...

Read our full guide to Discover Bank CD rates. Most Discover CDs are not positioned as competitively as other banks in terms of rates. Consumers who are looking for a variety of terms for ...

Dates of collection were Jan. 26, 2024, and Aug. 26, 2024. CD rate trend 2025: higher short-term CDs The trend of shorter-term CD rates being higher than longer-term CD rates continues into 2025 ...

Occasionally one of these banking giants will offer a somewhat competitive rate on a select ... better-than-average CD rates include Ally, American Express, Capital One, Discover, Marcus by ...

Discover® Bank (FDIC Insured ... Market conditions and the Fed's actions also influence CD rate trends. Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this ...

However, our opinions are our own. See how we rate banking products to write unbiased product reviews. According to the FDIC, the average CD pays 0.25% to 1.78% APY, depending on the term length.

Why it stands out: You can make your deposit now or later when you apply to open a CD at Discover Bank. The minimum balance requirement is $2,500. Rate: 2.15% on a 3-year CD, minimum $2,500 balance.